Canada Pension Plan Investment Board Grows Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Canada Pension Plan Investment Board grew its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 229.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,700 shares of the aerospace company’s stock after purchasing an additional 114,000 shares during the period. Canada Pension Plan Investment Board owned about 0.12% of Leidos worth $14,484,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LDOS. United Capital Financial Advisers LLC increased its stake in shares of Leidos by 1.6% during the first quarter. United Capital Financial Advisers LLC now owns 6,651 shares of the aerospace company’s stock valued at $718,000 after buying an additional 107 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Leidos by 49.3% during the second quarter. Brown Brothers Harriman & Co. now owns 339 shares of the aerospace company’s stock valued at $30,000 after buying an additional 112 shares during the period. Lido Advisors LLC increased its stake in shares of Leidos by 0.9% during the first quarter. Lido Advisors LLC now owns 13,762 shares of the aerospace company’s stock valued at $1,486,000 after buying an additional 119 shares during the period. Clear Creek Financial Management LLC increased its stake in shares of Leidos by 5.8% during the second quarter. Clear Creek Financial Management LLC now owns 2,313 shares of the aerospace company’s stock valued at $205,000 after buying an additional 126 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Leidos by 2.2% during the first quarter. Bessemer Group Inc. now owns 6,226 shares of the aerospace company’s stock valued at $573,000 after buying an additional 134 shares during the period. Hedge funds and other institutional investors own 74.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Stifel Nicolaus raised their price target on Leidos from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Barclays raised their price target on Leidos from $90.00 to $106.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. JPMorgan Chase & Co. lifted their target price on Leidos from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. StockNews.com assumed coverage on Leidos in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company cut their target price on Leidos from $129.00 to $121.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Leidos presently has a consensus rating of “Moderate Buy” and an average price target of $113.80.

Leidos Trading Down 0.0 %

Shares of NYSE:LDOS opened at $104.96 on Thursday. Leidos Holdings, Inc. has a 12-month low of $76.58 and a 12-month high of $110.91. The company has a market capitalization of $14.43 billion, a PE ratio of 100.92, a PEG ratio of 1.83 and a beta of 0.76. The business has a 50 day moving average of $95.60 and a two-hundred day moving average of $90.94. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 1.11.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, October 31st. The aerospace company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.36. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.78 billion. Leidos had a return on equity of 22.27% and a net margin of 0.97%. Leidos’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. As a group, analysts forecast that Leidos Holdings, Inc. will post 7.03 EPS for the current year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Leidos’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.45%. Leidos’s payout ratio is 138.46%.

Insider Activity

In related news, Director Noel B. Geer sold 2,106 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $103.23, for a total transaction of $217,402.38. Following the completion of the sale, the director now directly owns 29,894 shares in the company, valued at $3,085,957.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Noel B. Geer sold 2,106 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $103.23, for a total transaction of $217,402.38. Following the completion of the sale, the director now directly owns 29,894 shares in the company, valued at $3,085,957.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Roy E. Stevens sold 929 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $103.20, for a total value of $95,872.80. Following the transaction, the insider now directly owns 39,053 shares in the company, valued at approximately $4,030,269.60. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Leidos 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. 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.