Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 21.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,165 shares of the aerospace company's stock after purchasing an additional 9,710 shares during the quarter. Los Angeles Capital Management LLC's holdings in Leidos were worth $8,992,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of LDOS. Northwest Investment Counselors LLC purchased a new position in shares of Leidos in the 3rd quarter valued at approximately $30,000. 1832 Asset Management L.P. purchased a new position in Leidos in the second quarter valued at $34,000. Blue Trust Inc. increased its stake in shares of Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company's stock valued at $41,000 after purchasing an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Leidos by 122.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company's stock valued at $45,000 after purchasing an additional 169 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in Leidos in the 3rd quarter valued at $46,000. Institutional investors own 76.12% of the company's stock.

Insider Activity

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos 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 transaction, the director now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the transaction, the director now directly owns 20,001 shares in the company, valued at $3,899,594.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 value of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares of the company's stock, valued at $1,185,095.52. The trade was a 0.00 % 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.

Leidos Stock Up 0.0 %

NYSE LDOS traded up $0.09 on Tuesday, hitting $201.48. 346,599 shares of the stock traded hands, compared to its average volume of 860,864. The company has a market capitalization of $26.88 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The stock has a 50-day moving average of $167.47 and a 200 day moving average of $154.38. Leidos Holdings, Inc. has a twelve month low of $102.72 and a twelve month 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.

Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating the consensus estimate of $1.96 by $0.97. The company had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $2.03 EPS. As a group, analysts expect that Leidos Holdings, Inc. will post 10.09 earnings per share for the current fiscal year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.40 dividend. This is a boost from Leidos's previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, December 13th. Leidos's dividend payout ratio (DPR) is currently 18.22%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Robert W. Baird upped their price target on shares of Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Barclays upped their price objective on shares of Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Truist Financial lifted their target price on Leidos from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Citigroup boosted their target price on Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Leidos from $183.00 to $230.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $191.23.

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.