CHB Investment Group LLC Takes $2.99 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

CHB Investment Group LLC acquired a new position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 18,359 shares of the aerospace company's stock, valued at approximately $2,993,000. Leidos makes up 1.6% of CHB Investment Group LLC's holdings, making the stock its 22nd largest holding.

Other institutional investors have also modified their holdings of the company. 1832 Asset Management L.P. acquired a new position in Leidos in the second quarter worth approximately $34,000. Blue Trust Inc. grew its holdings in shares of Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company's stock worth $41,000 after acquiring an additional 201 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Leidos by 122.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company's stock worth $45,000 after purchasing an additional 169 shares during the period. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Leidos during the third quarter valued at $46,000. Finally, Family Firm Inc. acquired a new position in shares of Leidos in the 2nd quarter valued at $60,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Stock Up 0.7 %

NYSE:LDOS traded up $1.16 during mid-day trading on Friday, reaching $169.51. The stock had a trading volume of 579,748 shares, compared to its average volume of 852,110. The stock has a market cap of $22.83 billion, a P/E ratio of 52.96, a PEG ratio of 1.51 and a beta of 0.70. The business's 50 day moving average is $157.37 and its 200 day moving average is $147.61. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. Leidos Holdings, Inc. has a fifty-two week low of $90.30 and a fifty-two week high of $170.08.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.36. The business had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. Leidos's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 EPS. As a group, sell-side analysts predict that Leidos Holdings, Inc. will post 8.95 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, September 13th. Leidos's payout ratio is 47.65%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LDOS. Barclays upped their price objective on shares of Leidos from $160.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. TD Cowen raised their price objective on shares of Leidos from $155.00 to $166.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Truist Financial lifted their price objective on shares of Leidos from $165.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, September 5th. Wells Fargo & Company increased their target price on Leidos from $172.00 to $183.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Finally, Bank of America lifted their price target on Leidos from $160.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $166.92.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction 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 transaction, the director now owns 11,264 shares in the company, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Thomas Arthur Bell acquired 1,712 shares of the stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the purchase, the chief executive officer now owns 22,398 shares in the company, valued at approximately $3,248,605.92. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of the business's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the transaction, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

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.