Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 21.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,165 shares of the aerospace company’s stock after purchasing an additional 9,710 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Leidos were worth $8,992,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Leidos by 51.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock worth $136,491,000 after acquiring an additional 283,558 shares during the period. Twin Tree Management LP bought a new position in Leidos during the 1st quarter valued at $2,512,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in Leidos by 188.2% during 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 in the last quarter. Advisors Asset Management Inc. increased its position in shares of Leidos by 97.2% during 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 during the period. Finally, AQR Capital Management LLC raised its stake in shares of Leidos by 76.9% in the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after buying an additional 303,775 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Leidos Trading Up 1.5 %

Shares of NYSE LDOS opened at $201.44 on Tuesday. 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 Holdings, Inc. has a one year low of $102.72 and a one year high of $201.99. The business has a 50-day moving average price of $166.61 and a two-hundred day moving average price of $153.88. The firm has a market capitalization of $26.88 billion, a PE ratio of 22.60, a PEG ratio of 1.57 and a beta of 0.68.

Leidos (NYSE:LDOS) last posted 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 analysts’ expectations of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $2.03 earnings per share. As a group, analysts predict that Leidos Holdings, Inc. will post 10.09 earnings per share for the current fiscal year.

Leidos Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 13th. 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 dividend yield of 0.79%. Leidos’s dividend payout ratio is 17.31%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LDOS shares. JPMorgan Chase & Co. raised their target price on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Citigroup raised their price objective on shares of Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird boosted their target price on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Cowen raised their target price on shares of Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price target on Leidos from $183.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $191.23.

Insider Buying and Selling

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the transaction, the director now owns 6,408 shares in the company, valued at $1,185,095.52. 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 available through the SEC website. 0.96% of the stock is owned by corporate insiders.

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.