Natixis Purchases New Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Natixis bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 1,294 shares of the aerospace company’s stock, valued at approximately $170,000.

Several other institutional investors have also modified their holdings of LDOS. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Leidos in the 4th quarter valued at approximately $28,000. Lindbrook Capital LLC lifted its stake in Leidos by 209.0% in the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after buying an additional 186 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in Leidos in the 4th quarter valued at approximately $35,000. Tidemark LLC purchased a new stake in Leidos in the 4th quarter valued at approximately $41,000. Finally, Friedenthal Financial purchased a new stake in Leidos in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Stock Down 1.4 %

Shares of NYSE LDOS opened at $149.83 on Friday. Leidos Holdings, Inc. has a 12-month low of $89.22 and a 12-month high of $155.45. The company has a market cap of $20.26 billion, a P/E ratio of 64.58, a P/E/G ratio of 1.57 and a beta of 0.68. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.07. The stock has a fifty day moving average price of $147.48 and a 200 day moving average price of $133.16.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.59. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 EPS. Research analysts anticipate that Leidos Holdings, Inc. will post 8.75 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. Leidos’s payout ratio is currently 65.52%.

Insider Buying and Selling at Leidos

In other Leidos news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $150.67, for a total value of $131,836.25. Following the completion of the transaction, the insider now directly owns 44,149 shares of the company’s stock, valued at approximately $6,651,929.83. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Stifel Nicolaus increased their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Barclays increased their price target on Leidos from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Wells Fargo & Company increased their price target on Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Royal Bank of Canada increased their price target on Leidos from $120.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 1st. Finally, Truist Financial restated a “buy” rating and set a $165.00 price objective (up from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and an average price target of $149.83.

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.