Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. decreased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 10.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,677 shares of the aerospace company’s stock after selling 520 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Leidos were worth $631,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Thomas Story & Son LLC acquired a new stake in shares of Leidos during the first quarter worth $6,631,000. Resona Asset Management Co. Ltd. boosted its holdings in Leidos by 1.9% in the first quarter. Resona Asset Management Co. Ltd. now owns 39,300 shares of the aerospace company’s stock valued at $5,298,000 after acquiring an additional 717 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. boosted its holdings in Leidos by 252.6% in the first quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 5,500 shares of the aerospace company’s stock valued at $742,000 after acquiring an additional 3,940 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in Leidos by 5.4% in the first quarter. Public Sector Pension Investment Board now owns 18,427 shares of the aerospace company’s stock valued at $2,487,000 after acquiring an additional 947 shares during the last quarter. Finally, SouthState Corp acquired a new position in Leidos in the first quarter valued at $96,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Trading Down 0.4%

NYSE:LDOS opened at $177.68 on Friday. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The firm has a market capitalization of $22.80 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.04 and a beta of 0.65. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. The business’s 50-day moving average is $161.00 and its two-hundred day moving average is $148.12.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same period in the previous year, the company earned $2.63 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, September 15th. Leidos’s payout ratio is presently 15.12%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Jefferies Financial Group upgraded Leidos from a “hold” rating to a “buy” rating and lifted their target price for the company from $185.00 to $205.00 in a report on Wednesday, August 6th. Baird R W cut Leidos from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 27th. Wells Fargo & Company lifted their target price on Leidos from $173.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Robert W. Baird cut Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 target price on the stock. in a report on Tuesday, May 27th. Finally, Stifel Nicolaus set a $178.00 price objective on Leidos and gave the company a “buy” rating in a research report on Tuesday, June 24th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $179.46.

Insider Transactions at Leidos

In other news, Director Gregory R. Dahlberg sold 952 shares of Leidos stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the sale, the director directly owned 21,068 shares of the company’s stock, valued at approximately $3,738,095.24. The trade was a 4.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of Leidos stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.05, for a total value of $356,100.00. Following the sale, the director directly owned 10,137 shares in the company, valued at approximately $1,804,892.85. The trade was a 16.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,478 shares of company stock valued at $1,852,525. 0.96% of the stock is currently owned by 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.