OVERSEA CHINESE BANKING Corp Ltd Takes $203,000 Position in Leidos Holdings, Inc. (NYSE:LDOS)

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,407 shares of the aerospace company’s stock, valued at approximately $203,000.

A number of other hedge funds have also recently modified their holdings of LDOS. Thrivent Financial for Lutherans grew its position in shares of Leidos by 4.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 86,817 shares of the aerospace company’s stock valued at $14,152,000 after buying an additional 3,466 shares during the last quarter. Caprock Group LLC grew its position in shares of Leidos by 28.5% in the 3rd quarter. Caprock Group LLC now owns 3,637 shares of the aerospace company’s stock valued at $593,000 after buying an additional 806 shares during the last quarter. Commerce Bank grew its position in shares of Leidos by 9.0% in the 3rd quarter. Commerce Bank now owns 4,693 shares of the aerospace company’s stock valued at $765,000 after buying an additional 386 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Leidos in the 3rd quarter valued at $2,971,000. Finally, Advisors Asset Management Inc. grew its position in shares of Leidos by 24.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 21,004 shares of the aerospace company’s stock valued at $3,424,000 after buying an additional 4,175 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now owns 6,408 shares of the company’s stock, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 directly owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LDOS has been the topic of a number of recent analyst reports. UBS Group dropped their target price on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Truist Financial lowered their price objective on shares of Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.07.

Leidos Trading Down 2.7 %

Shares of Leidos stock opened at $134.80 on Friday. Leidos Holdings, Inc. has a 52-week low of $123.23 and a 52-week high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The company’s 50-day simple moving average is $139.69 and its 200-day simple moving average is $154.48. The firm has a market cap of $17.28 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. As a group, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio is currently 17.32%.

About Leidos

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.