Sanctuary Advisors LLC Buys 13,818 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Sanctuary Advisors LLC increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 99.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,644 shares of the aerospace company's stock after purchasing an additional 13,818 shares during the quarter. Sanctuary Advisors LLC's holdings in Leidos were worth $4,575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. raised its holdings in Leidos by 1,460.0% in 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 last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Leidos during the 3rd quarter worth about $29,000. Northwest Investment Counselors LLC bought a new stake in shares of Leidos during the third quarter valued at approximately $30,000. 1832 Asset Management L.P. bought a new position in Leidos in the second quarter worth approximately $34,000. Finally, Blue Trust Inc. lifted its stake in shares of Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company's stock worth $41,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Analyst Ratings Changes

LDOS has been the subject of several analyst reports. Citigroup boosted their target price on shares of Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group cut shares of Leidos from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $228.00 to $153.00 in a research note on Thursday. TD Cowen upped their price objective on shares of Leidos from $175.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Barclays raised their price objective on Leidos from $165.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Finally, UBS Group began coverage on Leidos in a research note on Monday, December 2nd. They set a "neutral" rating and a $182.00 target price on the stock. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.00.

Leidos Stock Performance

Leidos stock traded down $0.26 during midday trading on Monday, reaching $152.50. 1,044,911 shares of the stock traded hands, compared to its average volume of 951,492. 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 Holdings, Inc. has a fifty-two week low of $105.52 and a fifty-two week high of $202.90. The firm has a fifty day moving average price of $170.92 and a two-hundred day moving average price of $157.71. The firm has a market cap of $20.35 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.04 and a beta of 0.64.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share 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 business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the company posted $2.03 earnings per share. The company's quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Leidos Holdings, Inc. will post 9.89 earnings per share for the current year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.05%. The ex-dividend date is Monday, December 16th. This is a positive change from Leidos's previous quarterly dividend of $0.38. Leidos's dividend payout ratio is currently 18.22%.

Insiders Place Their Bets

In other Leidos news, Director Noel B. Geer purchased 2,000 shares of the company's stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $161.13 per share, with a total value of $322,260.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of the company's stock in a transaction that occurred 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 owns 20,001 shares in the company, valued at approximately $3,899,594.97. This represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

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.