Leidos Holdings, Inc. (NYSE:LDOS) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 10.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,195 shares of the aerospace company’s stock after acquiring an additional 1,957 shares during the period. CIBC Asset Management Inc’s holdings in Leidos were worth $3,292,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LDOS. Rakuten Securities Inc. grew its stake in shares of Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 146 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Leidos during the 3rd quarter worth about $29,000. Northwest Investment Counselors LLC purchased a new position in shares of Leidos in the 3rd quarter valued at about $30,000. 1832 Asset Management L.P. acquired a new stake in shares of Leidos during the 2nd quarter worth about $34,000. Finally, Blue Trust Inc. lifted its stake in Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 201 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Down 1.1 %

Shares of NYSE:LDOS opened at $158.84 on Tuesday. The company has a market cap of $21.19 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.08 and a beta of 0.68. Leidos Holdings, Inc. has a fifty-two week low of $104.72 and a fifty-two week high of $202.90. The firm’s 50-day simple moving average is $169.55 and its 200-day simple moving average is $155.65. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.97. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.03 EPS. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 10.07 earnings per share for the current year.

Leidos Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.40 per share. This is a positive change from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, December 16th. Leidos’s payout ratio is presently 17.31%.

Insider Transactions at Leidos

In related news, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the sale, the director now owns 20,001 shares in the company, valued at $3,899,594.97. This represents a 12.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the transaction, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial increased their price target on shares of Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price target on shares of Leidos from $183.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Bank of America raised their price objective on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. The Goldman Sachs Group boosted their target price on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their price target on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.23.

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.