Hardman Johnston Global Advisors LLC Lowers Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Hardman Johnston Global Advisors LLC lessened its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 13.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 90,100 shares of the aerospace company's stock after selling 14,000 shares during the period. Hardman Johnston Global Advisors LLC owned approximately 0.07% of Leidos worth $14,686,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Leidos by 51.2% in the 3rd 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 during the last quarter. Twin Tree Management LP purchased a new stake in shares of Leidos in the 1st quarter valued at $2,512,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Leidos by 188.2% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company's stock valued at $1,207,000 after acquiring an additional 5,403 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Leidos by 97.2% in the 1st quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company's stock valued at $1,692,000 after acquiring an additional 6,360 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Leidos by 76.9% in the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company's stock valued at $101,942,000 after acquiring an additional 303,775 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Trading Up 2.2 %

Shares of LDOS traded up $4.13 during mid-day trading on Wednesday, reaching $194.20. The stock had a trading volume of 1,397,011 shares, compared to its average volume of 860,857. 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 $102.21 and a 52-week high of $198.99. The business's fifty day moving average is $165.11 and its 200 day moving average is $152.75. The firm has a market cap of $25.91 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 1.48 and a beta of 0.68.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.97. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. Leidos's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.03 earnings per share. On average, sell-side analysts predict that Leidos Holdings, Inc. will post 10.07 EPS for the current fiscal year.

Leidos Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.60 annualized dividend and a dividend yield of 0.82%. Leidos's dividend payout ratio (DPR) is presently 17.31%.

Insider Activity

In other news, 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 owns 6,408 shares of the company's stock, valued at approximately $1,185,095.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Gary Stephen May sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, the director now owns 11,264 shares of the company's stock, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at approximately $1,185,095.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LDOS. Barclays boosted their target price on shares of Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday. 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 boosted their target price 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. TD Cowen boosted their target price on shares of Leidos from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird boosted their target price on shares of Leidos from $180.00 to $218.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Leidos has an average rating of "Moderate Buy" and a consensus price target of $191.23.

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.