Fox Run Management L.L.C. Invests $797,000 in Leidos Holdings, Inc. (NYSE:LDOS)

Fox Run Management L.L.C. purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,533 shares of the aerospace company's stock, valued at approximately $797,000.

Several other hedge funds have also recently modified their holdings of LDOS. Private Advisor Group LLC raised its stake in Leidos by 83.0% in the fourth quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company's stock worth $1,177,000 after buying an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Leidos by 39.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company's stock valued at $1,800,000 after acquiring an additional 3,534 shares during the period. Fiduciary Trust Co raised its position in shares of Leidos by 36.4% in the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company's stock worth $3,902,000 after acquiring an additional 6,395 shares in the last quarter. LGT Fund Management Co Ltd. purchased a new stake in shares of Leidos during the 4th quarter worth $1,979,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Leidos during the 3rd quarter worth $4,622,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Activity at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now directly owns 6,408 shares of the company's stock, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

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Leidos Price Performance

NYSE LDOS traded down $1.73 during trading hours on Friday, reaching $133.95. The company's stock had a trading volume of 1,590,176 shares, compared to its average volume of 1,144,090. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a 1-year low of $123.23 and a 1-year high of $202.90. The company's 50-day moving average is $137.51 and its two-hundred day moving average is $153.65. The firm has a market capitalization of $17.17 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. On average, equities analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. Leidos's dividend payout ratio (DPR) is presently 17.32%.

Analysts Set New Price Targets

LDOS has been the subject of a number of recent research reports. StockNews.com downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 8th. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and lowered their price target for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. The Goldman Sachs Group downgraded shares of Leidos from a "buy" rating to a "neutral" rating and cut their price objective for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company lowered their target price on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $178.07.

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.