Teamwork Financial Advisors LLC Grows Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Teamwork Financial Advisors LLC increased its stake in Leidos Holdings, Inc. (NYSE:LDOSFree Report) by 497.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,566 shares of the aerospace company’s stock after buying an additional 58,763 shares during the period. Leidos comprises about 1.3% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 26th largest position. Teamwork Financial Advisors LLC owned approximately 0.05% of Leidos worth $10,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors 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% in the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock worth $297,000 after purchasing an additional 62 shares during the last quarter. Asahi Life Asset Management CO. LTD. increased its holdings in Leidos by 3.2% in the third 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 last quarter. Somerset Trust Co raised its stake in Leidos by 3.5% during the third 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 in the last quarter. Apella Capital LLC lifted its holdings in Leidos by 0.8% during the 3rd quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock worth $1,878,000 after buying an additional 89 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its position in shares of Leidos by 2.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock worth $691,000 after acquiring an additional 95 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on LDOS shares. Barclays boosted their target price on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their price objective on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Citigroup raised their target price on shares of Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird upped their target price on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, TD Cowen cut Leidos from a “buy” rating to a “hold” rating and dropped their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $179.07.

Get Our Latest Stock Analysis on Leidos

Insider Buying and Selling

In other news, Director Noel B. Geer bought 2,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of $161.13 per share, with a total value of $322,260.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the sale, the director now owns 20,001 shares of the company’s stock, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Price Performance

NYSE:LDOS opened at $161.27 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average price is $155.29 and its 200 day moving average price is $158.27. Leidos Holdings, Inc. has a 52-week low of $108.95 and a 52-week high of $202.90. The firm has a market cap of $21.52 billion, a P/E ratio of 18.37, a PEG ratio of 1.05 and a beta of 0.66.

Leidos (NYSE:LDOSGet Free Report) last released its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS 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 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% on a year-over-year basis. During the same period in the previous year, the firm earned $2.03 EPS. As a group, sell-side analysts predict that Leidos Holdings, Inc. will post 10.03 earnings per share for the current fiscal year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Leidos’s dividend payout ratio (DPR) is currently 18.22%.

Leidos Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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