Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 15.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,991 shares of the aerospace company’s stock after acquiring an additional 2,691 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Leidos were worth $2,880,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LDOS. FMR LLC boosted its stake in Leidos by 27.8% in the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock worth $392,133,000 after purchasing an additional 522,764 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after buying an additional 405,256 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Leidos by 39.9% in the fourth quarter. Van ECK Associates Corp now owns 841,479 shares of the aerospace company’s stock worth $121,223,000 after buying an additional 239,846 shares during the last quarter. Barclays PLC lifted its stake in shares of Leidos by 53.1% during the third quarter. Barclays PLC now owns 576,022 shares of the aerospace company’s stock worth $93,891,000 after buying an additional 199,686 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in shares of Leidos by 185.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 157,379 shares of the aerospace company’s stock valued at $22,672,000 after acquiring an additional 102,214 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LDOS. TD Cowen cut Leidos from a “buy” rating to a “hold” rating and lowered their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. StockNews.com downgraded Leidos from a “strong-buy” rating to a “buy” rating in a report on Friday. Wells Fargo & Company cut their price target on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating on the stock in a report on Wednesday. Truist Financial dropped their price objective on shares of Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Barclays raised their target price on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.87.

Leidos Trading Up 0.1 %

Shares of NYSE:LDOS opened at $129.77 on Friday. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. The business’s 50 day moving average price is $142.89 and its 200-day moving average price is $156.26. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a 1 year low of $123.22 and a 1 year high of $202.90.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. On average, equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s payout ratio is 17.32%.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

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.