Cibc World Markets Corp Purchases 2,895 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Cibc World Markets Corp boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,778 shares of the aerospace company’s stock after purchasing an additional 2,895 shares during the period. Cibc World Markets Corp’s holdings in Leidos were worth $2,993,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LDOS. Thrivent Financial for Lutherans lifted its position in Leidos by 4.2% during the third quarter. Thrivent Financial for Lutherans now owns 86,817 shares of the aerospace company’s stock valued at $14,152,000 after purchasing an additional 3,466 shares during the period. Caprock Group LLC lifted its position in Leidos by 28.5% during the third quarter. Caprock Group LLC now owns 3,637 shares of the aerospace company’s stock valued at $593,000 after purchasing an additional 806 shares during the period. Commerce Bank lifted its position in Leidos by 9.0% during the third quarter. Commerce Bank now owns 4,693 shares of the aerospace company’s stock valued at $765,000 after purchasing an additional 386 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Leidos during the third quarter valued at approximately $2,971,000. Finally, Advisors Asset Management Inc. lifted its position in Leidos by 24.8% during the third quarter. Advisors Asset Management Inc. now owns 21,004 shares of the aerospace company’s stock valued at $3,424,000 after purchasing an additional 4,175 shares during the period. Institutional investors own 76.12% of the company’s stock.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the transaction, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the transaction, the director now owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Leidos Stock Performance

Shares of NYSE LDOS opened at $134.80 on Friday. The firm has a fifty day moving average price of $139.69 and a 200-day moving average price of $154.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The stock has a market cap of $17.28 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 1 year low of $123.23 and a 1 year high of $202.90.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.19%. Leidos’s payout ratio is 17.32%.

Analyst Ratings Changes

LDOS has been the topic of a number of research analyst reports. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. StockNews.com downgraded shares of Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th. Truist Financial decreased their price target on shares of Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. Finally, TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and decreased their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Leidos presently has an average rating of “Moderate Buy” and a consensus price target of $178.07.

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.