BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $3.49 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 12.8% during the third quarter, Holdings Channel reports. The firm owned 21,433 shares of the aerospace company’s stock after selling 3,157 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Leidos were worth $3,494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LDOS. Fiduciary Trust Co lifted its stake in Leidos by 36.4% in the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock valued at $3,902,000 after buying an additional 6,395 shares during the period. Atria Investments Inc boosted its stake in 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 acquiring an additional 4,421 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Leidos by 51.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock worth $136,491,000 after purchasing an additional 283,558 shares during the period. Los Angeles Capital Management LLC increased its stake in Leidos by 21.4% in 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Leidos by 188.2% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company’s stock valued at $1,207,000 after purchasing an additional 5,403 shares during the period. Institutional investors own 76.12% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several analysts have recently commented on the company. Citigroup raised their target price on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays boosted their price objective on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. TD Cowen increased their target price on Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird boosted their price target on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Bank of America raised their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and an average target price of $187.36.

Leidos Trading Up 0.0 %

NYSE:LDOS opened at $164.14 on Wednesday. Leidos Holdings, Inc. has a 52 week low of $105.52 and a 52 week high of $202.90. The firm has a 50-day moving average price of $171.50 and a two-hundred day moving average price of $157.17. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.10 and a beta of 0.64.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. Leidos’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $2.03 earnings per share. On average, equities analysts expect that Leidos Holdings, Inc. will post 10.04 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. Stockholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 16th. Leidos’s payout ratio is presently 17.31%.

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. 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.