Neo Ivy Capital Management Invests $964,000 in Leidos Holdings, Inc. (NYSE:LDOS)

Neo Ivy Capital Management acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,912 shares of the aerospace company's stock, valued at approximately $964,000.

A number of other hedge funds also recently made changes to their positions in LDOS. Geode Capital Management LLC boosted its holdings in Leidos by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company's stock valued at $546,912,000 after purchasing an additional 42,358 shares during the last quarter. MidWestOne Financial Group Inc. lifted its position in shares of Leidos by 10.9% during the third quarter. MidWestOne Financial Group Inc. now owns 13,423 shares of the aerospace company's stock worth $2,188,000 after purchasing an additional 1,324 shares during the last quarter. Barclays PLC grew its stake in Leidos by 53.1% in the third quarter. Barclays PLC now owns 576,022 shares of the aerospace company's stock worth $93,891,000 after purchasing an additional 199,686 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Leidos by 11.9% in the third quarter. Public Employees Retirement System of Ohio now owns 69,504 shares of the aerospace company's stock worth $11,329,000 after purchasing an additional 7,413 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Leidos by 8.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 38,763 shares of the aerospace company's stock valued at $6,318,000 after buying an additional 2,970 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays lifted their target price on Leidos from $165.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Royal Bank of Canada boosted their target price on shares of Leidos from $145.00 to $180.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Truist Financial reduced their price target on shares of Leidos from $205.00 to $185.00 and set a "buy" rating on the stock in a research report on Friday, November 22nd. Citigroup boosted their price objective on shares of Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on Leidos from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.00.

Leidos Stock Performance

Shares of NYSE LDOS traded down $0.55 during midday trading on Thursday, reaching $153.00. 1,844,840 shares of the company traded hands, compared to its average volume of 950,578. The stock has a 50-day moving average price of $171.43 and a 200 day moving average price of $157.57. The company has a market cap of $20.42 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.10 and a beta of 0.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a 52 week low of $105.52 and a 52 week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the business posted $2.03 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.04 earnings per share for the current fiscal year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This is a boost from Leidos's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 1.05%. Leidos's dividend payout ratio (DPR) is 18.22%.

Insider Activity

In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the sale, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. The trade was a 14.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Noel B. Geer bought 2,000 shares of Leidos stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of $161.13 per share, with a total value of $322,260.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at $322,260. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 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.