Hobbs Group Advisors LLC Boosts Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Hobbs Group Advisors LLC increased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 43.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,339 shares of the aerospace company’s stock after purchasing an additional 1,926 shares during the period. Hobbs Group Advisors LLC’s holdings in Leidos were worth $1,033,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LDOS. Ballentine Partners LLC boosted its position in Leidos by 3.5% in the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after buying an additional 62 shares during the period. Key Financial Inc boosted its position in Leidos by 6.5% in the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock valued at $166,000 after buying an additional 70 shares during the period. Asahi Life Asset Management CO. LTD. boosted its position in Leidos by 3.2% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after buying an additional 70 shares during the period. Somerset Trust Co boosted its position in Leidos by 3.5% in the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after buying an additional 83 shares during the period. Finally, Apella Capital LLC raised its holdings in shares of Leidos by 0.8% in the 3rd quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock valued at $1,878,000 after purchasing an additional 89 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 weighed in on LDOS. Citigroup raised 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. Barclays raised their price objective on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. UBS Group began coverage on shares of Leidos in a report on Monday, December 2nd. They issued a “neutral” rating and a $182.00 price objective on the stock. Truist Financial reduced their price objective on shares of Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Leidos from $230.00 to $205.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and an average price target of $187.36.

Leidos Trading Down 0.1 %

NYSE LDOS opened at $160.16 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The firm has a market cap of $21.37 billion, a PE ratio of 18.24, a P/E/G ratio of 1.10 and a beta of 0.64. Leidos Holdings, Inc. has a one year low of $105.52 and a one year high of $202.90. The firm’s fifty day moving average is $171.76 and its two-hundred day moving average is $157.54.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. Leidos’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.03 earnings per share. Analysts expect that Leidos Holdings, Inc. will post 10.04 earnings per share for the current year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. The ex-dividend date is Monday, December 16th. 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 1.00%. Leidos’s payout ratio is currently 17.31%.

Insider Buying and Selling at Leidos

In other news, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the sale, the director now owns 20,001 shares of the company’s stock, valued at $3,899,594.97. The trade was a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos 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 completion of the sale, the director now directly owns 6,408 shares in the company, valued at approximately $1,185,095.52. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company 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.