Heritage Investors Management Corp Sells 4,104 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Heritage Investors Management Corp cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,111 shares of the aerospace company's stock after selling 4,104 shares during the period. Heritage Investors Management Corp owned approximately 0.07% of Leidos worth $15,503,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of Leidos by 51.2% in the third 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 in the last quarter. Twin Tree Management LP bought a new stake in Leidos during the first quarter worth about $2,512,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Leidos by 188.2% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company's stock worth $1,207,000 after acquiring an additional 5,403 shares in the last quarter. Advisors Asset Management Inc. increased its position in Leidos by 97.2% during the first quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company's stock worth $1,692,000 after buying an additional 6,360 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company's stock worth $101,942,000 after buying an additional 303,775 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LDOS shares. JPMorgan Chase & Co. boosted their price target on Leidos from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Truist Financial upped 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. Royal Bank of Canada upped their target price on Leidos from $145.00 to $180.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their target price on Leidos from $205.00 to $228.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on Leidos from $183.00 to $230.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Leidos currently has a consensus rating of "Moderate Buy" and an average target price of $191.23.

Leidos Price Performance

Shares of LDOS traded up $3.75 during trading hours on Tuesday, reaching $190.07. The stock had a trading volume of 1,002,583 shares, compared to its average volume of 858,225. Leidos Holdings, Inc. has a 12 month low of $102.21 and a 12 month high of $190.25. The stock has a market capitalization of $25.36 billion, a PE ratio of 21.65, a PEG ratio of 1.45 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The company's 50-day moving average is $164.36 and its two-hundred day moving average is $152.46.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts' consensus estimates 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%. Leidos's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.03 EPS. Research analysts expect that Leidos Holdings, Inc. will post 10.07 EPS for the current year.

Leidos Increases Dividend

The business also recently announced 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 is a positive change from Leidos's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, December 13th. Leidos's dividend payout ratio (DPR) is currently 17.31%.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 1,000 shares of the business's stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the sale, the director now directly owns 11,264 shares of the company's stock, valued at $1,622,241.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Gary Stephen May sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The stock was 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was 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 in the company, valued at $1,185,095.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

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.