State of Michigan Retirement System Buys 100 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

State of Michigan Retirement System increased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 0.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,692 shares of the aerospace company’s stock after purchasing an additional 100 shares during the quarter. State of Michigan Retirement System’s holdings in Leidos were worth $5,334,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LDOS. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Leidos during the fourth quarter worth about $28,000. Lindbrook Capital LLC raised its stake in Leidos by 209.0% during the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock worth $30,000 after buying an additional 186 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in Leidos in the fourth quarter valued at $35,000. Tidemark LLC bought a new stake in Leidos during the fourth quarter valued at $41,000. Finally, Friedenthal Financial acquired a new stake in Leidos during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LDOS shares. StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Wells Fargo & Company increased their target price on shares of Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Stifel Nicolaus lifted their price target on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Robert W. Baird increased their price target on Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Bank of America boosted their price objective on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $146.08.

Leidos Trading Up 0.2 %

NYSE LDOS opened at $145.86 on Wednesday. Leidos Holdings, Inc. has a 12 month low of $87.61 and a 12 month high of $151.32. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $19.72 billion, a P/E ratio of 62.87, a PEG ratio of 1.51 and a beta of 0.68. The business has a fifty day simple moving average of $144.68 and a 200 day simple moving average of $128.25.

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

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.38 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.04%. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Insider Activity at Leidos

In related news, insider Roy E. Stevens sold 875 shares of Leidos stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $150.67, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.96% of the stock is owned by company insiders.

Leidos 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.