Leidos Holdings, Inc. (NYSE:LDOS) Stock Holdings Lifted by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its stake in shares of Leidos Holdings, Inc. (NYSE:LDOSFree Report) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 465,975 shares of the aerospace company’s stock after acquiring an additional 68,009 shares during the period. Leidos comprises approximately 1.2% of Wedge Capital Management L L P NC’s investment portfolio, making the stock its 8th largest holding. Wedge Capital Management L L P NC owned 0.35% of Leidos worth $67,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of LDOS. Rakuten Securities Inc. grew its position in Leidos by 1,460.0% in the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 146 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Leidos in the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC bought a new stake in Leidos during the third quarter worth $30,000. 1832 Asset Management L.P. purchased a new position in Leidos in the second quarter worth $34,000. Finally, Kathleen S. Wright Associates Inc. bought a new position in Leidos in the 3rd quarter valued at $46,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Up 0.1 %

LDOS opened at $155.19 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a one year low of $107.73 and a one year high of $202.90. The firm has a market capitalization of $20.71 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 0.98 and a beta of 0.66. The company has a fifty day moving average price of $157.02 and a 200-day moving average price of $157.94.

Leidos (NYSE:LDOSGet Free Report) last released its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.97. The firm 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 last year, the firm posted $2.03 EPS. Equities research analysts expect 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 issued a dividend of $0.40 per share. This is an increase from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Monday, December 16th. Leidos’s payout ratio is currently 18.22%.

Insider Buying and Selling

In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Noel B. Geer purchased 2,000 shares of Leidos stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $322,260. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on LDOS shares. The Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating and reduced their price target for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Truist Financial lowered their price target on shares of Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. UBS Group started coverage on Leidos in a research report on Monday, December 2nd. They issued a “neutral” rating and a $182.00 target price for the company. Robert W. Baird upped their price target on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.07.

Get Our Latest Stock Analysis on LDOS

About Leidos

(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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