Truvestments Capital LLC Has $328,000 Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Truvestments Capital LLC raised its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 14.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,009 shares of the aerospace company’s stock after purchasing an additional 249 shares during the quarter. Truvestments Capital LLC’s holdings in Leidos were worth $328,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC increased its position in shares of Leidos by 3.5% during the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock worth $297,000 after buying an additional 62 shares during the period. Key Financial Inc grew its holdings in Leidos by 6.5% during the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock worth $166,000 after acquiring an additional 70 shares during the period. Asahi Life Asset Management CO. LTD. raised its position in shares of 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 worth $372,000 after acquiring an additional 70 shares in the last quarter. Somerset Trust Co boosted its position in shares of Leidos by 3.5% during the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after purchasing an additional 83 shares in the last quarter. Finally, Apella Capital LLC increased its holdings in Leidos by 0.8% in the third quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock worth $1,878,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Down 1.2 %

Shares of NYSE:LDOS opened at $163.59 on Tuesday. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.11 and a beta of 0.68. The business’s 50 day moving average is $170.53 and its 200 day moving average is $156.44. Leidos Holdings, Inc. has a 12-month low of $105.52 and a 12-month high of $202.90. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87.

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

Leidos Increases Dividend

The company 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. This is a positive change from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 0.98%. Leidos’s dividend payout ratio (DPR) is 18.22%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LDOS shares. Bank of America lifted their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Robert W. Baird lifted their price target on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price objective on shares of Leidos from $183.00 to $230.00 and gave the stock an “overweight” 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 company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Citigroup upped their price target on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Leidos currently has an average rating of “Moderate Buy” and an average price target of $189.69.

Insiders Place Their Bets

In other news, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the sale, the director now directly owns 20,001 shares in the company, valued at $3,899,594.97. The trade was a 12.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the 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 transaction, the director now owns 6,408 shares of the company’s stock, 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. 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.