International Assets Investment Management LLC Makes New Investment in Leidos Holdings, Inc. (NYSE:LDOS)

International Assets Investment Management LLC purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 175,313 shares of the aerospace company’s stock, valued at approximately $18,976,000. International Assets Investment Management LLC owned about 0.13% of Leidos as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Leidos in the fourth quarter worth approximately $28,000. Itau Unibanco Holding S.A. bought a new stake in Leidos during the third quarter valued at about $30,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Leidos in the third quarter worth about $49,000. Gradient Investments LLC bought a new position in shares of Leidos in the third quarter worth about $52,000. Finally, Global Retirement Partners LLC lifted its position in shares of Leidos by 43.1% during the 4th quarter. Global Retirement Partners LLC now owns 604 shares of the aerospace company’s stock valued at $66,000 after buying an additional 182 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Insider Activity at Leidos

In other Leidos news, Director Gary Stephen May sold 2,745 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total transaction of $341,725.05. Following the sale, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the transaction, the director now directly owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,745 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total transaction of $341,725.05. Following the transaction, the director now owns 11,352 shares in the company, valued at $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird increased their target price on shares of Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday. Jefferies Financial Group raised their price objective on shares of Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. TheStreet raised shares of Leidos from a “c” rating to a “b” rating in a report on Tuesday, February 13th. StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Truist Financial reaffirmed a “buy” rating and issued a $165.00 price objective (up previously from $150.00) on shares of Leidos in a research note on Wednesday. Two 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.17.

Leidos Stock Performance

NYSE:LDOS opened at $141.67 on Friday. The company has a market cap of $19.16 billion, a price-to-earnings ratio of 61.06, a PEG ratio of 1.83 and a beta of 0.66. Leidos Holdings, Inc. has a 1 year low of $76.58 and a 1 year high of $143.35. The stock’s 50 day simple moving average is $129.12 and its two-hundred day simple moving average is $115.38. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.59. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. Leidos’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 8.36 earnings per share for the current fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, June 14th. Leidos’s dividend payout ratio is 65.52%.

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.