Realta Investment Advisors Makes New $518,000 Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Realta Investment Advisors bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the 3rd quarter, HoldingsChannel reports. The firm bought 3,070 shares of the aerospace company’s stock, valued at approximately $518,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake 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 worth $136,491,000 after buying an additional 283,558 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of Leidos during the first quarter worth approximately $2,512,000. Point72 Asia Singapore Pte. Ltd. raised its stake in Leidos by 188.2% in the 2nd 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 last quarter. Advisors Asset Management Inc. lifted its holdings in Leidos by 97.2% in the 1st 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. Finally, AQR Capital Management LLC lifted its holdings in Leidos by 76.9% in the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock valued at $101,942,000 after purchasing an additional 303,775 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LDOS. Bank of America increased their target price on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Citigroup increased 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. JPMorgan Chase & Co. boosted their target price on Leidos from $175.00 to $185.00 and gave the stock 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 company an “overweight” rating in a report on Monday, August 5th. Finally, Truist Financial boosted their price objective on Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday. Two 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 1,000 shares of Leidos 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 completion of the transaction, the director now 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 document filed with the SEC, which is accessible through this hyperlink. In other Leidos news, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now owns 11,264 shares in the company, valued at $1,622,241.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Leidos Trading Down 0.1 %

Shares of LDOS stock traded down $0.19 during trading hours on Friday, hitting $182.97. The company had a trading volume of 1,053,157 shares, compared to its average volume of 742,043. Leidos Holdings, Inc. has a fifty-two week low of $100.17 and a fifty-two week high of $188.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.11. The company’s fifty day moving average is $163.05 and its 200 day moving average is $151.19. The stock has a market capitalization of $24.41 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.45 and a beta of 0.68.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping the consensus estimate of $1.96 by $0.97. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates 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 last year, the business posted $2.03 earnings per share. Research analysts expect that Leidos Holdings, Inc. will post 10.07 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. Leidos’s dividend payout ratio is 17.31%.

About Leidos

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.