MeadowBrook Investment Advisors LLC Takes Position in Leidos Holdings, Inc. (NYSE:LDOS)

MeadowBrook Investment Advisors LLC purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,310 shares of the aerospace company’s stock, valued at approximately $333,000.

A number of other institutional investors also recently modified their holdings of LDOS. Rakuten Securities Inc. increased its stake in shares of 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 bought a new stake in Leidos in the 3rd quarter valued at $29,000. Northwest Investment Counselors LLC bought a new position in Leidos during the 3rd quarter worth $30,000. Berbice Capital Management LLC acquired a new stake in shares of Leidos during the 4th quarter worth $29,000. Finally, Mather Group LLC. boosted its stake in Leidos by 143.1% in the fourth 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. Institutional investors own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LDOS shares. TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and reduced their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Truist Financial cut their price target on Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Barclays lifted their price target on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Wells Fargo & Company cut their price target on Leidos from $205.00 to $199.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Robert W. Baird lifted their price target on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $179.47.

Leidos Stock Performance

NYSE:LDOS opened at $137.37 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. Leidos Holdings, Inc. has a 52-week low of $113.67 and a 52-week high of $202.90. The firm has a market cap of $18.33 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 0.92 and a beta of 0.66. The business’s fifty day moving average is $149.31 and its 200 day moving average is $157.71.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.31% and a net margin of 7.37%. Research analysts predict that Leidos Holdings, Inc. will post 10.03 EPS for the current 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 paid a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. Leidos’s dividend payout ratio is currently 18.22%.

Insiders Place Their Bets

In related news, Director Noel B. Geer bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $322,260. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.96% of the company’s stock.

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.