OVERSEA CHINESE BANKING Corp Ltd Invests $203,000 in Leidos Holdings, Inc. (NYSE:LDOS)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,407 shares of the aerospace company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also modified their holdings of LDOS. Duncker Streett & Co. Inc. purchased a new stake in shares of Leidos during the fourth quarter worth about $27,000. Berbice Capital Management LLC purchased a new stake in shares of Leidos during the fourth quarter worth about $29,000. Mather Group LLC. grew its stake in Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 156 shares in the last quarter. Human Investing LLC purchased a new stake in Leidos during the 4th quarter valued at about $52,000. Finally, Vision Financial Markets LLC purchased a new stake in Leidos during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gary Stephen May sold 2,128 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director now owns 6,408 shares in the company, valued at $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LDOS shares. Truist Financial dropped their price objective on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. StockNews.com cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th. William Blair cut shares of Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. UBS Group dropped their price target on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group cut shares of Leidos from a “buy” rating to a “neutral” rating and dropped their price target for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $178.07.

Leidos Price Performance

Leidos stock opened at $134.80 on Friday. The firm 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 52-week low of $123.23 and a 52-week high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $139.69 and its two-hundred day moving average is $154.48.

Leidos (NYSE:LDOS) last released its earnings results 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%. On average, research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. Leidos’s dividend payout ratio (DPR) is presently 17.32%.

About Leidos

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.