MeadowBrook Investment Advisors LLC Invests $333,000 in Leidos Holdings, Inc. (NYSE:LDOS)

MeadowBrook Investment Advisors LLC bought a new position in Leidos Holdings, Inc. (NYSE:LDOS) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,310 shares of the aerospace company’s stock, valued at approximately $333,000.

Several other institutional investors have also recently made changes to their positions in LDOS. State Street Corp increased its position in Leidos by 1.0% during the 3rd quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock valued at $945,458,000 after buying an additional 56,066 shares in the last quarter. JPMorgan Chase & Co. increased its position in Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after buying an additional 405,256 shares in the last quarter. Geode Capital Management LLC increased its position in Leidos by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company’s stock valued at $546,912,000 after buying an additional 42,358 shares in the last quarter. FMR LLC increased its position in Leidos by 27.8% during the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock valued at $392,133,000 after buying an additional 522,764 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Leidos by 2.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company’s stock valued at $351,007,000 after buying an additional 53,307 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective on Leidos from $205.00 to $199.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Citigroup increased their target price on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. TD Cowen downgraded Leidos from a “buy” rating to a “hold” rating and cut their target price for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group downgraded Leidos from a “buy” rating to a “neutral” rating and cut their target price for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Finally, Cantor Fitzgerald assumed coverage on Leidos in a research note on Friday, February 7th. They set an “overweight” rating and a $185.00 target price on the stock. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Insider Buying and Selling

In related news, Director Noel B. Geer acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.96% of the stock is owned by company insiders.

Leidos Price Performance

Shares of Leidos stock opened at $137.37 on Wednesday. The stock’s 50-day simple moving average is $149.31 and its 200-day simple moving average is $157.71. Leidos Holdings, Inc. has a 52 week low of $113.67 and a 52 week high of $202.90. The company has a market capitalization 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 company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping 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%. As a group, analysts expect that Leidos Holdings, Inc. will post 10.03 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. Leidos’s dividend payout ratio is currently 18.22%.

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.