ZEGA Investments LLC Buys New Shares in Leidos Holdings, Inc. (NYSE:LDOS)

ZEGA Investments LLC bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,018 shares of the aerospace company's stock, valued at approximately $294,000.

Other large investors have also added to or reduced their stakes in the company. Caprock Group LLC grew its stake in shares of Leidos by 28.5% during the third quarter. Caprock Group LLC now owns 3,637 shares of the aerospace company's stock valued at $593,000 after acquiring an additional 806 shares in the last quarter. Commerce Bank grew its stake in Leidos by 9.0% during the 3rd quarter. Commerce Bank now owns 4,693 shares of the aerospace company's stock valued at $765,000 after purchasing an additional 386 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Leidos during the 3rd quarter valued at approximately $2,971,000. Advisors Asset Management Inc. raised its position in shares of Leidos by 24.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 21,004 shares of the aerospace company's stock valued at $3,424,000 after purchasing an additional 4,175 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its stake in shares of Leidos by 2.7% during the 3rd quarter. Moors & Cabot Inc. now owns 4,086 shares of the aerospace company's stock valued at $666,000 after buying an additional 108 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. TD Cowen lowered shares of Leidos from a "buy" rating to a "hold" rating and cut their target price for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. StockNews.com downgraded Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 8th. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Finally, Truist Financial decreased their target price on Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Leidos currently has an average rating of "Moderate Buy" and a consensus target price of $178.07.

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Insiders Place Their Bets

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the transaction, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary Stephen May sold 2,128 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Leidos Stock Performance

Shares of LDOS traded up $0.04 during midday trading on Wednesday, hitting $136.29. 1,032,369 shares of the stock traded hands, compared to its average volume of 1,087,873. The business's 50 day moving average price is $138.70 and its two-hundred day moving average price is $154.03. The firm has a market capitalization of $17.47 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. Leidos Holdings, Inc. has a 1-year low of $123.23 and a 1-year high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Equities research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, March 14th. Leidos's payout ratio is currently 17.32%.

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.