Toronto Dominion Bank Acquires 1,652 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Toronto Dominion Bank increased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 80,188 shares of the aerospace company’s stock after acquiring an additional 1,652 shares during the period. Toronto Dominion Bank’s holdings in Leidos were worth $10,512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LDOS. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Leidos during the 4th quarter worth $28,000. Lindbrook Capital LLC increased its holdings in Leidos by 209.0% during the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 186 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new position in Leidos during the 4th quarter worth $35,000. Tidemark LLC purchased a new position in Leidos during the 4th quarter worth $41,000. Finally, Friedenthal Financial purchased a new position in shares of Leidos in the 4th quarter valued at $43,000. 76.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LDOS. JPMorgan Chase & Co. lifted their price target on Leidos from $135.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Stifel Nicolaus lifted their price target on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 24th. Barclays lifted their price target on Leidos from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Royal Bank of Canada lifted their price target on Leidos from $120.00 to $140.00 and gave the company a “sector perform” rating in a report on Wednesday, May 1st. Finally, Truist Financial reiterated a “buy” rating and issued a $165.00 price target (up from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Leidos presently has an average rating of “Moderate Buy” and a consensus price target of $149.83.

Leidos Stock Down 1.4 %

LDOS stock traded down $2.19 on Friday, hitting $149.83. 971,502 shares of the company’s stock were exchanged, compared to its average volume of 878,988. The firm has a 50 day moving average price of $147.48 and a two-hundred day moving average price of $133.16. Leidos Holdings, Inc. has a 12-month low of $89.22 and a 12-month high of $155.45. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. The stock has a market cap of $20.26 billion, a P/E ratio of 64.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.68.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, 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 declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. Leidos’s dividend payout ratio is currently 65.52%.

Insiders Place Their Bets

In other news, insider Roy E. Stevens sold 875 shares of the business’s 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 transaction, 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 accessible through this link. 0.96% of the stock is currently owned by 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.