Oliver Luxxe Assets LLC Invests $1.23 Million in Leidos Holdings, Inc. (NYSE:LDOS)

Oliver Luxxe Assets LLC purchased a new position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,526 shares of the aerospace company's stock, valued at approximately $1,228,000.

Several other institutional investors also recently modified their holdings of the stock. Insight Wealth Strategies LLC lifted its stake in Leidos by 18.6% during the fourth quarter. Insight Wealth Strategies LLC now owns 2,074 shares of the aerospace company's stock valued at $299,000 after buying an additional 325 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Leidos by 32.2% in the fourth quarter. GAMMA Investing LLC now owns 1,515 shares of the aerospace company's stock valued at $218,000 after purchasing an additional 369 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after buying an additional 405,256 shares during the period. Beaird Harris Wealth Management LLC boosted its position in Leidos by 160.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the aerospace company's stock worth $76,000 after acquiring an additional 288 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Leidos by 30.3% in the third quarter. Franklin Resources Inc. now owns 346,690 shares of the aerospace company's stock worth $58,459,000 after purchasing an additional 80,642 shares in the last quarter. Institutional investors own 76.12% of the company's stock.

Insider Transactions at Leidos

In related news, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the sale, the director now directly owns 20,001 shares of the company's stock, valued at approximately $3,899,594.97. This represents a 12.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the transaction, the director now directly owns 6,408 shares in the company, valued at approximately $1,185,095.52. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Leidos Trading Down 0.7 %

Shares of LDOS traded down $1.00 during trading hours on Tuesday, hitting $147.24. 1,063,015 shares of the stock traded hands, compared to its average volume of 1,070,702. The business has a fifty day moving average of $163.83 and a 200-day moving average of $157.83. The firm has a market capitalization of $19.65 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.04 and a beta of 0.66. Leidos Holdings, Inc. has a 1-year low of $107.73 and a 1-year 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 issued its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the firm earned $2.03 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that Leidos Holdings, Inc. will post 9.89 EPS for the current year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.40 dividend. The ex-dividend date was Monday, December 16th. 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 1.09%. Leidos's dividend payout ratio (DPR) is 18.22%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LDOS. TD Cowen raised shares of Leidos to a "strong-buy" rating in a research note on Thursday, December 19th. Robert W. Baird upped their target price on Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Citigroup lifted their price target on Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. UBS Group initiated coverage on Leidos in a report on Monday, December 2nd. They issued a "neutral" rating and a $182.00 price objective on the stock. Finally, Barclays lifted their target price on shares of Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos presently has a consensus rating of "Moderate Buy" and an average target price of $182.00.

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.