New Wave Wealth Advisors LLC Increases Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

New Wave Wealth Advisors LLC increased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,845 shares of the aerospace company’s stock after buying an additional 230 shares during the quarter. New Wave Wealth Advisors LLC’s holdings in Leidos were worth $266,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital Investment Advisory Services LLC lifted its position in Leidos by 18.1% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,800 shares of the aerospace company’s stock worth $259,000 after buying an additional 276 shares in the last quarter. OLD National Bancorp IN raised its position in Leidos by 6.9% in the fourth quarter. OLD National Bancorp IN now owns 2,757 shares of the aerospace company’s stock valued at $397,000 after purchasing an additional 179 shares during the period. Busey Bank raised its position in Leidos by 1.2% in the fourth quarter. Busey Bank now owns 97,921 shares of the aerospace company’s stock valued at $14,106,000 after purchasing an additional 1,143 shares during the period. Synergy Asset Management LLC purchased a new stake in Leidos in the fourth quarter valued at $12,061,000. Finally, Robeco Institutional Asset Management B.V. raised its position in Leidos by 1.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 374,066 shares of the aerospace company’s stock valued at $53,888,000 after purchasing an additional 5,162 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Stock Performance

Shares of LDOS stock opened at $142.25 on Friday. The company has a market cap of $18.98 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66. The stock has a 50 day simple moving average of $152.51 and a 200-day simple moving average of $158.09. Leidos Holdings, Inc. has a 12-month low of $108.97 and a 12-month high of $202.90. 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 (NYSE:LDOS) last released its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.03 EPS. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on LDOS. Robert W. Baird lifted their target price on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their target price on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Citigroup upped their price objective on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays upped their price objective on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, UBS Group initiated coverage on Leidos in a research report on Monday, December 2nd. They set a “neutral” rating and a $182.00 price objective for the company. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and a consensus target price of $179.07.

Insider Buying and Selling

In related news, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was 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 in the company, valued at $3,899,594.97. This represents a 12.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Noel B. Geer purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $322,260. This trade represents a ∞ 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.

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.