Maryland State Retirement & Pension System Purchases 597 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Maryland State Retirement & Pension System increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOSGet Rating) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,915 shares of the aerospace company’s stock after acquiring an additional 597 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Leidos were worth $1,179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LDOS. BlackRock Inc. raised its stake in shares of Leidos by 5.7% during the 4th quarter. BlackRock Inc. now owns 13,783,464 shares of the aerospace company’s stock worth $1,225,350,000 after acquiring an additional 741,276 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Leidos during the 4th quarter worth approximately $35,888,000. First Trust Advisors LP raised its stake in shares of Leidos by 19.7% during the 4th quarter. First Trust Advisors LP now owns 2,410,510 shares of the aerospace company’s stock worth $214,294,000 after acquiring an additional 397,108 shares in the last quarter. Invesco Ltd. raised its stake in shares of Leidos by 23.7% during the 4th quarter. Invesco Ltd. now owns 1,652,066 shares of the aerospace company’s stock worth $146,868,000 after acquiring an additional 316,404 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Leidos by 7.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,678,377 shares of the aerospace company’s stock worth $327,007,000 after purchasing an additional 244,389 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

NYSE:LDOS opened at $97.44 on Thursday. The firm has a market capitalization of $13.32 billion, a P/E ratio of 19.14, a PEG ratio of 2.11 and a beta of 0.73. Leidos Holdings, Inc. has a 1-year low of $81.07 and a 1-year high of $111.12. The company’s fifty day moving average price is $103.26 and its 200-day moving average price is $98.37. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.00 and a quick ratio of 0.92.

Leidos (NYSE:LDOSGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The aerospace company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.38 billion. Leidos had a net margin of 5.20% and a return on equity of 22.03%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 earnings per share. Equities analysts anticipate that Leidos Holdings, Inc. will post 6.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.44 annualized dividend and a yield of 1.48%. Leidos’s dividend payout ratio is presently 28.29%.

Several analysts have weighed in on LDOS shares. The Goldman Sachs Group boosted their target price on shares of Leidos from $118.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, April 14th. Morgan Stanley dropped their target price on shares of Leidos from $109.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Friday, March 18th. Truist Financial boosted their target price on shares of Leidos from $108.00 to $120.00 in a research report on Wednesday, May 4th. Wells Fargo & Company downgraded shares of Leidos from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $97.00 to $113.00 in a research report on Thursday, March 24th. Finally, StockNews.com raised shares of Leidos from a “hold” rating to a “buy” rating in a research report on Friday, April 15th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.71.

In related news, Director Gary Stephen May sold 7,299 shares of the firm’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $102.35, for a total transaction of $747,052.65. Following the sale, the director now owns 9,778 shares in the company, valued at $1,000,778.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider James Robert Moos sold 516 shares of the stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $98.56, for a total transaction of $50,856.96. Following the transaction, the insider now directly owns 21,391 shares in the company, valued at $2,108,296.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,089 shares of company stock worth $1,548,441. 1.67% of the stock is owned by company insiders.

Leidos Profile (Get Rating)

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. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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