Swiss National Bank Boosts Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Swiss National Bank raised its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,300 shares of the aerospace company’s stock after buying an additional 1,200 shares during the period. Swiss National Bank owned about 0.29% of Leidos worth $62,152,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its holdings in Leidos by 51.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock valued at $136,491,000 after acquiring an additional 283,558 shares during the period. Atria Investments Inc lifted its position in shares of Leidos by 100.1% during the third quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock worth $1,440,000 after purchasing an additional 4,421 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Leidos by 21.4% during the third quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock valued at $8,992,000 after purchasing an additional 9,710 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Leidos by 188.2% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company’s stock worth $1,207,000 after purchasing an additional 5,403 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Leidos by 97.2% in the first quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock worth $1,692,000 after purchasing an additional 6,360 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

Insider Activity at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now owns 20,001 shares of the company’s stock, valued at $3,899,594.97. This trade represents a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the sale, the director now directly owns 6,408 shares of the company’s stock, valued at $1,185,095.52. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

LDOS has been the subject of several research reports. Robert W. Baird boosted their price objective on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial boosted their price target on Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup raised their price objective on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada increased their price target on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.23.

Leidos Stock Performance

NYSE:LDOS opened at $158.28 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a 12 month low of $104.72 and a 12 month high of $202.90. The firm has a market capitalization of $21.12 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.08 and a beta of 0.68. The business’s fifty day moving average price is $169.66 and its 200 day moving average price is $155.76.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the company posted $2.03 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.07 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. This is an increase from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio (DPR) is 17.31%.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.