Global Retirement Partners LLC Purchases 2,970 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Global Retirement Partners LLC grew its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 405.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,702 shares of the aerospace company’s stock after buying an additional 2,970 shares during the quarter. Global Retirement Partners LLC’s holdings in Leidos were worth $533,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LDOS. Rakuten Securities Inc. grew its position in Leidos by 1,460.0% in the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 146 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Leidos during the third quarter valued at $29,000. Berbice Capital Management LLC bought a new position in shares of Leidos in the fourth quarter worth about $29,000. Mather Group LLC. lifted its holdings 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 buying an additional 156 shares in the last quarter. Finally, Human Investing LLC bought a new stake in Leidos during the 4th quarter valued at about $52,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Stock Down 2.6 %

Shares of LDOS stock opened at $126.66 on Monday. The stock’s fifty day moving average price is $144.36 and its 200 day moving average price is $156.84. Leidos Holdings, Inc. has a 1-year low of $123.22 and a 1-year high of $202.90. The company has a market cap of $16.61 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio (DPR) is presently 17.32%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. William Blair lowered Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday. Barclays increased their price target on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Citigroup lifted their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their target price on shares of Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $176.27.

Insider Activity at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the company’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 of the company’s stock, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their ownership of the stock. The transaction 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 Leidos stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now owns 6,408 shares of the company’s stock, valued at $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

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.