Rheos Capital Works Inc. Has $14.51 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Rheos Capital Works Inc. raised its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 12.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,000 shares of the aerospace company’s stock after purchasing an additional 10,000 shares during the period. Rheos Capital Works Inc. owned 0.07% of Leidos worth $14,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Twin Tree Management LP acquired a new position in Leidos in the first quarter valued at about $2,512,000. Leeward Investments LLC MA boosted its stake in Leidos by 4.9% during the 1st quarter. Leeward Investments LLC MA now owns 166,069 shares of the aerospace company’s stock worth $21,770,000 after acquiring an additional 7,703 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Leidos by 188.2% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company’s stock valued at $1,207,000 after purchasing an additional 5,403 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new position in Leidos during the first quarter valued at approximately $1,900,000. Finally, Advisors Asset Management Inc. increased its stake in Leidos by 97.2% in the first quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock valued at $1,692,000 after purchasing an additional 6,360 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Leidos Trading Up 0.2 %

Leidos stock opened at $168.07 on Thursday. The company has a market cap of $22.73 billion, a price-to-earnings ratio of 72.44, a P/E/G ratio of 1.47 and a beta of 0.70. The firm has a 50-day moving average of $156.89 and a 200-day moving average of $147.47. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. Leidos Holdings, Inc. has a one year low of $90.30 and a one year high of $170.08.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.27 by $0.36. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Leidos Holdings, Inc. will post 8.95 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Friday, September 13th. Leidos’s dividend payout ratio is currently 65.52%.

Insider Activity

In other news, CEO Thomas Arthur Bell bought 1,712 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the purchase, the chief executive officer now owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Arthur Bell purchased 1,712 shares of the stock in a transaction on Thursday, August 1st. The stock was bought at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the acquisition, the chief executive officer now owns 22,398 shares in the company, valued at approximately $3,248,605.92. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Barclays increased their price target on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Citigroup boosted their price objective on Leidos from $169.00 to $194.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen lifted their price target on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada upped their price target on shares of Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.92.

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.