Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 31.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 806 shares of the aerospace company’s stock after acquiring an additional 195 shares during the quarter. GAMMA Investing LLC’s holdings in Leidos were worth $118,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in Leidos by 18.3% in the fourth quarter. Franklin Resources Inc. now owns 74,671 shares of the aerospace company’s stock valued at $8,082,000 after acquiring an additional 11,576 shares during the period. International Assets Investment Management LLC acquired a new stake in Leidos in the fourth quarter valued at $18,976,000. Twin Tree Management LP acquired a new position in shares of Leidos during the 1st quarter worth $2,512,000. Leeward Investments LLC MA raised its stake in shares of Leidos by 4.9% during the 1st quarter. Leeward Investments LLC MA now owns 166,069 shares of the aerospace company’s stock worth $21,770,000 after buying an additional 7,703 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in shares of Leidos during the 1st quarter worth $1,900,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LDOS. JPMorgan Chase & Co. lifted their price target on Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. 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. TD Cowen lifted their price target on Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada lifted their price target on Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. Finally, Barclays lifted their price objective on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Leidos has a consensus rating of “Moderate Buy” and a consensus price target of $160.58.

Leidos Stock Up 0.4 %

LDOS opened at $143.24 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.24. The stock has a market capitalization of $19.37 billion, a price-to-earnings ratio of 61.74, a price-to-earnings-growth ratio of 1.48 and a beta of 0.68. The business has a 50-day moving average of $146.88 and a two-hundred day moving average of $135.27. Leidos Holdings, Inc. has a 12 month low of $89.22 and a 12 month high of $155.45.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.27 by $0.36. The company had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.80 EPS. On average, research analysts expect that Leidos Holdings, Inc. will post 8.9 earnings per share for the current year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, September 13th. Leidos’s payout ratio is currently 65.52%.

Insider Transactions at Leidos

In other news, insider Roy E. Stevens sold 875 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the sale, the insider now owns 44,149 shares in the company, valued at approximately $6,651,929.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Roy E. Stevens sold 875 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the sale, the insider now owns 44,149 shares in the company, valued at approximately $6,651,929.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Arthur Bell purchased 1,712 shares of Leidos stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the transaction, the chief executive officer now directly owns 22,398 shares in the company, valued at approximately $3,248,605.92. The disclosure for this purchase can be found here. Company insiders own 0.96% of the company’s stock.

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.