Diversified Trust Co Invests $305,000 in Leidos Holdings, Inc. (NYSE:LDOS)

Diversified Trust Co purchased a new position in Leidos Holdings, Inc. (NYSE:LDOS) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,324 shares of the aerospace company’s stock, valued at approximately $305,000.

A number of other hedge funds have also recently made changes to their positions in LDOS. Norges Bank bought a new stake in shares of Leidos in the 4th quarter worth approximately $202,191,000. Balyasny Asset Management L.P. boosted its position in shares of Leidos by 9,164.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 578,561 shares of the aerospace company’s stock worth $62,623,000 after purchasing an additional 572,316 shares in the last quarter. Wellington Management Group LLP raised its holdings in Leidos by 6.2% in the 3rd quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company’s stock worth $429,501,000 after acquiring an additional 272,090 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Leidos in the 4th quarter worth approximately $18,976,000. Finally, Braun Stacey Associates Inc. purchased a new position in Leidos in the 4th quarter worth approximately $11,775,000. 76.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LDOS shares. Bank of America boosted their price objective on shares of Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Truist Financial restated a “buy” rating and issued a $165.00 price objective (up from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Argus boosted their price objective on shares of Leidos from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. StockNews.com upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Finally, Royal Bank of Canada boosted their target price on shares of Leidos from $120.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Leidos has an average rating of “Moderate Buy” and an average price target of $146.08.

Leidos Trading Up 0.5 %

NYSE:LDOS opened at $146.64 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24. The firm has a market capitalization of $19.83 billion, a price-to-earnings ratio of 63.21, a price-to-earnings-growth ratio of 1.51 and a beta of 0.68. Leidos Holdings, Inc. has a one year low of $87.70 and a one year high of $151.32. The business has a fifty day moving average price of $145.03 and a 200-day moving average price of $128.38.

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

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.38 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.04%. Leidos’s dividend payout ratio (DPR) is 65.52%.

Insider Transactions at Leidos

In related news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction on 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 owns 44,149 shares of the company’s stock, valued at approximately $6,651,929.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is currently owned by company insiders.

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.