Kentucky Retirement Systems Has $1.37 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Kentucky Retirement Systems reduced its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 5.1% in the 1st quarter, Holdings Channel reports. The firm owned 10,443 shares of the aerospace company’s stock after selling 559 shares during the period. Kentucky Retirement Systems’ holdings in Leidos were worth $1,369,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Leidos in the fourth quarter valued at about $202,191,000. Balyasny Asset Management L.P. grew its holdings in Leidos by 9,164.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 578,561 shares of the aerospace company’s stock valued at $62,623,000 after buying an additional 572,316 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Leidos by 138.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company’s stock worth $67,840,000 after buying an additional 300,486 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Leidos by 276.5% during the first quarter. Van ECK Associates Corp now owns 304,489 shares of the aerospace company’s stock worth $39,915,000 after buying an additional 223,613 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. bought a new stake in shares of Leidos in the first quarter valued at approximately $25,681,000. Institutional investors own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LDOS. Robert W. Baird boosted their target price on shares of Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. StockNews.com upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Truist Financial reiterated a “buy” rating and issued a $165.00 target price (up previously from $150.00) on shares of Leidos in a research note on Wednesday, May 1st. Wells Fargo & Company boosted their price target on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Barclays raised their price objective on Leidos from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $149.83.

Leidos Price Performance

Leidos stock traded down $2.19 during trading hours on Friday, hitting $149.83. 1,043,788 shares of the stock were exchanged, compared to its average volume of 767,939. The stock has a market capitalization of $20.26 billion, a P/E ratio of 64.58, a P/E/G ratio of 1.55 and a beta of 0.68. The business’s 50-day moving average is $147.48 and its two-hundred day moving average is $133.48. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. Leidos Holdings, Inc. has a 12 month low of $89.22 and a 12 month high of $155.45.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.59. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.47 earnings per share. Equities research analysts expect that Leidos Holdings, Inc. will post 8.75 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.01%. Leidos’s dividend payout ratio is currently 65.52%.

Insider Buying and Selling at Leidos

In other Leidos news, insider Roy E. Stevens sold 875 shares of Leidos stock in a transaction on Friday, May 24th. The shares were sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the sale, the insider now owns 44,149 shares of the company’s stock, valued at approximately $6,651,929.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

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.