Prospector Partners LLC lowered its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 28.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 156,552 shares of the aerospace company's stock after selling 62,043 shares during the period. Leidos makes up about 2.7% of Prospector Partners LLC's portfolio, making the stock its 5th largest position. Prospector Partners LLC owned approximately 0.12% of Leidos worth $25,518,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of LDOS. Atria Investments Inc boosted its holdings in Leidos by 100.1% in the third quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company's stock worth $1,440,000 after acquiring an additional 4,421 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position 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 purchasing an additional 283,558 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Leidos by 21.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company's stock worth $8,992,000 after purchasing an additional 9,710 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Leidos by 188.2% during the 2nd 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. Finally, AQR Capital Management LLC increased its stake in Leidos by 76.9% during the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company's stock valued at $101,942,000 after purchasing an additional 303,775 shares in the last quarter. Institutional investors own 76.12% of the company's stock.
Leidos Price Performance
NYSE LDOS traded up $2.51 during trading hours on Tuesday, reaching $166.11. The company's stock had a trading volume of 1,277,728 shares, compared to its average volume of 935,250. The firm has a market capitalization of $22.16 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 1.11 and a beta of 0.68. The company's 50-day moving average is $170.53 and its two-hundred day moving average is $156.44. 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 1-year low of $105.52 and a 1-year high of $202.90.
Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.97. The firm 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 business's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.03 EPS. On average, equities analysts predict that Leidos Holdings, Inc. will post 10.04 EPS for the current year.
Leidos Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Monday, December 16th. This is an increase from Leidos's previous quarterly dividend of $0.38. Leidos's dividend payout ratio is 18.22%.
Analyst Ratings Changes
A number of analysts have commented on LDOS shares. Bank of America lifted their price target on Leidos from $160.00 to $165.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Robert W. Baird upped their target price on Leidos from $180.00 to $218.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Barclays raised their price target on shares of Leidos from $165.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Royal Bank of Canada upped their price objective 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, Truist Financial decreased their target price on shares of Leidos from $205.00 to $185.00 and set a "buy" rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $187.77.
Check Out Our Latest Analysis on Leidos
Insider Activity at Leidos
In related news, Director Noel B. Geer acquired 2,000 shares of Leidos stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $322,260. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company's stock in a transaction 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 sale, the director now owns 6,408 shares of the company's stock, valued at approximately $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. 0.96% of the stock is currently owned by corporate insiders.
About Leidos
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Free Report)
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.
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