4,185 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Purchased by Hoylecohen LLC

Hoylecohen LLC bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,185 shares of the aerospace company’s stock, valued at approximately $453,000.

A number of other hedge funds have also recently bought and sold shares of LDOS. MGO One Seven LLC grew its holdings in Leidos by 9.9% during the third quarter. MGO One Seven LLC now owns 3,507 shares of the aerospace company’s stock worth $323,000 after acquiring an additional 316 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Leidos by 6.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 36,592 shares of the aerospace company’s stock worth $3,372,000 after purchasing an additional 2,148 shares in the last quarter. Signaturefd LLC increased its stake in Leidos by 9.3% in the 3rd quarter. Signaturefd LLC now owns 1,592 shares of the aerospace company’s stock worth $147,000 after purchasing an additional 135 shares in the last quarter. Ieq Capital LLC increased its stake in Leidos by 27.6% in the 3rd quarter. Ieq Capital LLC now owns 3,879 shares of the aerospace company’s stock worth $358,000 after purchasing an additional 840 shares in the last quarter. Finally, Lincoln National Corp increased its stake in Leidos by 4.9% in the 3rd quarter. Lincoln National Corp now owns 19,104 shares of the aerospace company’s stock worth $1,761,000 after purchasing an additional 889 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LDOS. Bank of America lifted their price target on Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Robert W. Baird lifted their price target on Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Argus lifted their price target on Leidos from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. TheStreet upgraded Leidos from a “c” rating to a “b” rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus raised their price objective on Leidos from $138.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Leidos presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.67.

Leidos Stock Up 0.9 %

Shares of Leidos stock traded up $1.38 during trading on Friday, hitting $151.15. 691,702 shares of the stock traded hands, compared to its average volume of 1,183,335. The stock has a market cap of $20.44 billion, a P/E ratio of 65.15, a PEG ratio of 1.58 and a beta of 0.66. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. Leidos Holdings, Inc. has a twelve month low of $77.91 and a twelve month high of $151.32. The company has a fifty day moving average price of $134.96 and a two-hundred day moving average price of $120.64.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.59. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 EPS. Equities research analysts predict that Leidos Holdings, Inc. will post 8.59 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. Leidos’s dividend payout ratio is 65.52%.

Insider Activity

In related news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares in the company, valued at approximately $1,879,471.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares in the company, valued at approximately $1,879,471.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Roy E. Stevens sold 875 shares of Leidos stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the completion of the transaction, the insider now directly owns 44,149 shares in the company, valued at $6,651,929.83. The disclosure for this sale can be found here. 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.