Ritholtz Wealth Management grew its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 36.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,843 shares of the aerospace company's stock after purchasing an additional 2,094 shares during the quarter. Ritholtz Wealth Management's holdings in Leidos were worth $1,130,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. raised its position in Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company's stock worth $25,000 after acquiring an additional 146 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Leidos in the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC bought a new stake in shares of Leidos in the 3rd quarter worth approximately $30,000. 1832 Asset Management L.P. acquired a new stake in Leidos during the second quarter valued at approximately $34,000. Finally, Kathleen S. Wright Associates Inc. bought a new stake in Leidos during the third quarter worth approximately $46,000. Institutional investors and hedge funds own 76.12% of the company's stock.
Leidos Stock Performance
NYSE:LDOS traded up $0.10 during mid-day trading on Monday, hitting $155.19. 1,318,023 shares of the company's stock traded hands, compared to its average volume of 1,034,872. Leidos Holdings, Inc. has a 12 month low of $107.73 and a 12 month high of $202.90. The firm has a market capitalization of $20.71 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 0.98 and a beta of 0.66. The firm has a 50 day moving average of $157.02 and a two-hundred day moving average of $158.10. 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 announced its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. Leidos's revenue was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.03 earnings per share for the current fiscal year.
Leidos Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Monday, December 16th. This is a boost from Leidos's previous quarterly dividend of $0.38. Leidos's dividend payout ratio (DPR) is presently 18.22%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on LDOS. Barclays increased their price objective on Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Truist Financial dropped their price target on Leidos from $205.00 to $185.00 and set a "buy" rating on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group downgraded Leidos from a "buy" rating to a "neutral" rating and dropped their target price for the company from $228.00 to $153.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on shares of Leidos from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company reduced their price objective on Leidos from $205.00 to $199.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Five investment 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $179.07.
Read Our Latest Stock Analysis on Leidos
Insider Buying and Selling
In other news, Director Surya N. Mohapatra sold 2,748 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the transaction, the director now directly owns 20,001 shares of the company's stock, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noel B. Geer bought 2,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the purchase, the director now owns 2,000 shares of the company's stock, valued at $322,260. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is owned by company insiders.
Leidos Company Profile
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Free Report)
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.
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