Atria Investments Inc Raises Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Atria Investments Inc raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 100.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,837 shares of the aerospace company's stock after purchasing an additional 4,421 shares during the quarter. Atria Investments Inc's holdings in Leidos were worth $1,440,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Northwest Investment Counselors LLC acquired a new position in Leidos during the third quarter worth $30,000. 1832 Asset Management L.P. acquired a new position in Leidos during the 2nd quarter worth about $34,000. Blue Trust Inc. boosted its holdings in Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company's stock valued at $41,000 after acquiring an additional 201 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Leidos by 122.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company's stock valued at $45,000 after acquiring an additional 169 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in Leidos during the third quarter worth about $46,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Wall Street Analyst Weigh In

LDOS has been the subject of several recent research reports. Truist Financial raised their price objective on shares of Leidos from $175.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Citigroup boosted their price target on shares of Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Barclays upped their price objective on Leidos from $165.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. TD Cowen lifted their target price on Leidos from $175.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Robert W. Baird upped their price target on Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $191.23.

Insider Activity

In other news, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm'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 completion of the transaction, the director now directly owns 6,408 shares of the company's stock, valued at $1,185,095.52. The trade was a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Leidos Stock Down 4.4 %

NYSE:LDOS traded down $7.31 during midday trading on Friday, hitting $160.65. 5,723,195 shares of the company were exchanged, compared to its average volume of 904,223. Leidos Holdings, Inc. has a fifty-two week low of $104.63 and a fifty-two week high of $202.90. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $21.44 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.30 and a beta of 0.68. The company has a fifty day simple moving average of $169.55 and a 200 day simple moving average of $155.45.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.97. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. Leidos's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $2.03 EPS. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 10.07 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.40 per share. This is a boost from Leidos's previous quarterly dividend of $0.38. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 1.00%. Leidos's payout ratio is presently 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.