GFG Capital LLC Purchases New Position in Leidos Holdings, Inc. (NYSE:LDOS)

GFG Capital LLC bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,731 shares of the aerospace company's stock, valued at approximately $393,000.

A number of other institutional investors and hedge funds also recently modified their holdings of LDOS. State Street Corp raised its stake in Leidos by 1.0% during the 3rd quarter. State Street Corp now owns 5,800,357 shares of the aerospace company's stock worth $945,458,000 after buying an additional 56,066 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after acquiring an additional 405,256 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Leidos by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company's stock worth $546,912,000 after purchasing an additional 42,358 shares during the period. FMR LLC lifted its holdings in shares of Leidos by 27.8% during the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock valued at $392,133,000 after purchasing an additional 522,764 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Leidos by 2.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company's stock valued at $351,007,000 after purchasing an additional 53,307 shares during the period. 76.12% of the stock is owned by institutional investors.

Leidos Stock Performance

NYSE:LDOS traded down $1.10 during mid-day trading on Tuesday, hitting $131.16. 1,851,909 shares of the stock were exchanged, compared to its average volume of 1,468,718. The firm's 50-day simple moving average is $146.37 and its 200 day simple moving average is $157.23. The stock has a market capitalization of $17.20 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66. Leidos Holdings, Inc. has a fifty-two week low of $122.76 and a fifty-two week high of $202.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.31% and a net margin of 7.37%. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 10.03 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.22%. Leidos's payout ratio is presently 17.32%.

Analyst Upgrades and Downgrades

LDOS has been the topic of a number of research reports. StockNews.com lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 12th. UBS Group lowered their price objective on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Truist Financial dropped their target price on Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada upped their price target on shares of Leidos from $145.00 to $180.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird upped their target price on shares of Leidos from $180.00 to $218.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Five research 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, Leidos currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.27.

Insider Transactions at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the sale, the director now directly owns 6,408 shares of the company's stock, valued at approximately $862,260.48. This represents a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Noel B. Geer purchased 2,000 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $161.13 per share, with a total value of $322,260.00. Following the purchase, the director now owns 2,000 shares of the company's stock, valued at $322,260. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.96% of the company's stock.

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.