413 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Purchased by Sentry Investment Management LLC

Sentry Investment Management LLC acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 413 shares of the aerospace company’s stock, valued at approximately $55,000.

Other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its holdings in shares of Leidos by 83.0% in the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock valued at $1,177,000 after purchasing an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Leidos by 39.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock valued at $1,800,000 after buying an additional 3,534 shares in the last quarter. LGT Fund Management Co Ltd. acquired a new stake in shares of Leidos during the 4th quarter valued at approximately $1,979,000. HM Payson & Co. boosted its stake in shares of Leidos by 959.8% during the 4th quarter. HM Payson & Co. now owns 2,374 shares of the aerospace company’s stock worth $342,000 after acquiring an additional 2,150 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock worth $378,942,000 after acquiring an additional 682,532 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Stock Up 0.6%

Shares of Leidos stock opened at $145.30 on Friday. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The company has a market cap of $18.70 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.65 and a beta of 0.65. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average price of $146.60 and a 200 day moving average price of $145.57.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.50. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.29 EPS. As a group, analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Monday, June 16th. Leidos’s dividend payout ratio (DPR) is 16.10%.

Insiders Place Their Bets

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the sale, the director now directly owns 20,195 shares of the company’s stock, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LDOS shares. UBS Group lifted their price objective on Leidos from $149.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Robert W. Baird downgraded Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 price target for the company. in a research note on Tuesday, May 27th. Royal Bank of Canada increased their price objective on shares of Leidos from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 7th. Truist Financial reduced their price target on shares of Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Wells Fargo & Company raised their price objective on shares of Leidos from $173.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Leidos has an average rating of “Moderate Buy” and an average price target of $176.46.

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.