Assetmark Inc. Has $2.07 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Assetmark Inc. lowered its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 38.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,707 shares of the aerospace company's stock after selling 7,914 shares during the quarter. Assetmark Inc.'s holdings in Leidos were worth $2,071,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LDOS. Allspring Global Investments Holdings LLC raised its holdings in Leidos by 51.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company's stock valued at $136,491,000 after acquiring an additional 283,558 shares in the last quarter. Twin Tree Management LP bought a new position in shares of Leidos during the first quarter worth about $2,512,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Leidos by 188.2% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company's stock worth $1,207,000 after purchasing an additional 5,403 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Leidos by 97.2% in the first quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company's stock worth $1,692,000 after purchasing an additional 6,360 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Leidos by 76.9% in the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company's stock valued at $101,942,000 after buying an additional 303,775 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Performance

LDOS stock traded down $26.44 on Thursday, reaching $167.96. The company's stock had a trading volume of 4,676,705 shares, compared to its average volume of 882,342. The firm has a fifty day moving average of $169.15 and a two-hundred day moving average of $155.16. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The company has a market capitalization of $22.41 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 1.35 and a beta of 0.68. Leidos Holdings, Inc. has a 52 week low of $104.30 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 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.97. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $2.03 earnings per share. As a group, analysts predict that Leidos Holdings, Inc. will post 10.07 EPS for the current fiscal year.

Leidos Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. This is a positive change from Leidos's previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, December 13th. Leidos's dividend payout ratio is currently 17.31%.

Analysts Set New Price Targets

Several brokerages have recently commented on LDOS. JPMorgan Chase & Co. lifted their target price on Leidos from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Citigroup lifted their price objective on shares of Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of Leidos from $205.00 to $228.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price target on shares of Leidos from $145.00 to $180.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. Finally, Robert W. Baird increased their price objective on shares of Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $191.23.

Insider Activity

In other news, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now directly owns 20,001 shares in the company, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Surya N. Mohapatra sold 2,748 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the transaction, the director now owns 20,001 shares in the company, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the completion of the transaction, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. This represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

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.