Strategy Asset Managers LLC Takes $775,000 Position in Leidos Holdings, Inc. (NYSE:LDOS)

Strategy Asset Managers LLC bought a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,754 shares of the aerospace company's stock, valued at approximately $775,000.

A number of other hedge funds also recently made changes to their positions in LDOS. Boston Partners raised its position in Leidos by 5.8% in the first quarter. Boston Partners now owns 3,430,264 shares of the aerospace company's stock worth $449,592,000 after acquiring an additional 188,458 shares during the period. Millennium Management LLC grew its stake in Leidos by 156.5% in the 2nd quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company's stock valued at $165,356,000 after buying an additional 691,575 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Leidos by 51.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company's stock valued at $136,491,000 after acquiring an additional 283,558 shares during the period. Panagora Asset Management Inc. raised its stake in shares of Leidos by 39.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 782,161 shares of the aerospace company's stock valued at $114,102,000 after purchasing an additional 222,179 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Leidos by 76.9% in the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company's stock valued at $101,942,000 after acquiring an additional 303,775 shares during the period. 76.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on LDOS shares. JPMorgan Chase & Co. upped their target price on Leidos from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. TD Cowen lifted their target price on shares of Leidos from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their target price on Leidos from $145.00 to $180.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Citigroup boosted their price objective on shares of Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their target price on shares of Leidos from $183.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $191.23.

Insider Buying and Selling at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was 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 $3,899,594.97. This represents a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Leidos Stock Up 1.6 %

Shares of LDOS stock traded up $2.61 during midday trading on Wednesday, reaching $160.90. 850,993 shares of the stock were exchanged, compared to its average volume of 916,915. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The firm has a market cap of $21.47 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.08 and a beta of 0.68. The company's 50 day moving average is $169.74 and its two-hundred day moving average is $155.88. Leidos Holdings, Inc. has a 1 year low of $105.34 and a 1 year high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.97. The firm had revenue of $4.19 billion for 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%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.03 earnings per share. On average, equities research analysts predict that Leidos Holdings, Inc. will post 10.07 EPS for the current year.

Leidos Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Monday, December 16th. This is an increase from Leidos's previous quarterly dividend of $0.38. Leidos's dividend payout ratio (DPR) is presently 17.31%.

Leidos 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.