Thrivent Financial for Lutherans Buys 3,466 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Thrivent Financial for Lutherans grew its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,817 shares of the aerospace company's stock after acquiring an additional 3,466 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Leidos worth $14,152,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Ballentine Partners LLC grew its position in shares of Leidos by 3.5% during the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company's stock worth $297,000 after buying an additional 62 shares during the period. Key Financial Inc grew its position in shares of Leidos by 6.5% during the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company's stock worth $166,000 after buying an additional 70 shares during the period. Asahi Life Asset Management CO. LTD. grew its position in shares of Leidos by 3.2% during the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company's stock worth $372,000 after buying an additional 70 shares during the period. Somerset Trust Co grew its position in shares of Leidos by 3.5% during the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company's stock worth $396,000 after buying an additional 83 shares during the period. Finally, Apella Capital LLC grew its position in shares of Leidos by 0.8% during the 3rd quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company's stock worth $1,878,000 after buying an additional 89 shares during the period. 76.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup boosted their price objective on shares of Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Bank of America boosted their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. The Goldman Sachs Group boosted their price objective on shares of Leidos from $205.00 to $228.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. TD Cowen boosted 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Leidos from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. Two 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $191.23.

Leidos Stock Performance

NYSE LDOS traded up $2.96 on Thursday, hitting $165.11. 1,590,069 shares of the stock were exchanged, compared to its average volume of 926,755. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The business's fifty day moving average is $169.94 and its 200 day moving average is $155.93. Leidos Holdings, Inc. has a 52 week low of $105.50 and a 52 week high of $202.90. The company has a market capitalization of $22.03 billion, a PE ratio of 18.47, a P/E/G ratio of 1.06 and a beta of 0.68.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 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 firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the company earned $2.03 earnings per share. The company's quarterly revenue was up 6.9% on a year-over-year basis. Research analysts anticipate that Leidos Holdings, Inc. will post 10.07 EPS for the current fiscal 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 issued a $0.40 dividend. This is an increase from Leidos's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Monday, December 16th. Leidos's payout ratio is currently 17.31%.

Insider Activity at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction 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 represents a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the sale, the director now owns 20,001 shares in the company, valued at $3,899,594.97. The trade was a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

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.