Summit Global Investments Raises Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Summit Global Investments increased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 124.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,403 shares of the aerospace company's stock after purchasing an additional 11,313 shares during the period. Summit Global Investments' holdings in Leidos were worth $3,326,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, Director Gary Stephen May sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, the director now directly owns 11,264 shares of the company's stock, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Gary Stephen May sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the sale, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LDOS shares. Bank of America lifted their target price on shares of Leidos from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, August 7th. Citigroup upped their price target on shares of Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on Leidos from $205.00 to $228.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Barclays increased their target price on Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Robert W. Baird increased their price objective on Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Leidos currently has a consensus rating of "Moderate Buy" and an average price target of $191.23.

Leidos Price Performance

LDOS stock traded up $5.33 during trading hours on Friday, hitting $197.96. 497,281 shares of the stock traded hands, compared to its average volume of 860,014. Leidos Holdings, Inc. has a one year low of $102.27 and a one year high of $199.11. The stock has a 50-day simple moving average of $165.11 and a 200 day simple moving average of $152.75. The company has a market cap of $26.41 billion, a P/E ratio of 22.63, a P/E/G ratio of 1.54 and a beta of 0.68. 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 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. The firm had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. During the same quarter in the previous year, the company posted $2.03 EPS. Leidos's revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that Leidos Holdings, Inc. will post 10.07 earnings per share for the current year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid 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 0.81%. The ex-dividend date is Friday, December 13th. Leidos's dividend payout ratio is 18.22%.

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.