Oak Thistle LLC Makes New $564,000 Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Oak Thistle LLC purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,917 shares of the aerospace company's stock, valued at approximately $564,000.

Other large investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its holdings in shares of Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company's stock worth $25,000 after acquiring an additional 146 shares during the period. Ashton Thomas Securities LLC acquired a new position in Leidos during the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC bought a new stake in Leidos during the third quarter worth $30,000. 1832 Asset Management L.P. acquired a new stake in shares of Leidos in the 2nd quarter valued at $34,000. Finally, Kathleen S. Wright Associates Inc. bought a new position in shares of Leidos in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Leidos from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Truist Financial reduced their price target on shares of Leidos from $205.00 to $185.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Robert W. Baird lifted their price target on shares of Leidos from $180.00 to $218.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. UBS Group assumed coverage on shares of Leidos in a research note on Monday, December 2nd. They issued a "neutral" rating and a $182.00 price objective for the company. Finally, Barclays boosted their target price on shares of Leidos from $165.00 to $210.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.07.

Insider Transactions at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the firm's stock in a transaction 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 sale, the director now directly owns 20,001 shares in the company, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company's stock in a transaction dated 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 owns 6,408 shares in the company, valued at $1,185,095.52. This represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

Leidos Trading Up 0.1 %

Shares of LDOS traded up $0.10 during mid-day trading on Friday, reaching $155.19. 1,318,023 shares of the company were exchanged, compared to its average volume of 1,118,450. The business has a 50 day simple moving average of $158.64 and a two-hundred day simple moving average of $157.89. 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 stock has a market capitalization of $20.71 billion, a PE ratio of 17.67, a PEG ratio of 0.98 and a beta of 0.66. Leidos Holdings, Inc. has a 52 week low of $107.73 and a 52 week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the business earned $2.03 EPS. The company's revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Leidos Holdings, Inc. will post 10.03 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.40 per share. This is an increase from Leidos's previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Monday, December 16th. Leidos's dividend payout ratio (DPR) is presently 18.22%.

Leidos Company 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.