Spartan Planning & Wealth Management acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,687 shares of the aerospace company’s stock, valued at approximately $243,000.
Other large investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. raised its stake in shares of Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 146 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Leidos during the third quarter worth $29,000. Northwest Investment Counselors LLC purchased a new stake in Leidos in the 3rd quarter valued at $30,000. 1832 Asset Management L.P. bought a new position in Leidos during the 2nd quarter valued at $34,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in Leidos during the 3rd quarter worth $46,000. Institutional investors own 76.12% of the company’s stock.
Analysts Set New Price Targets
LDOS has been the subject of several analyst reports. UBS Group initiated coverage on shares of Leidos in a report on Monday, December 2nd. They issued a “neutral” rating and a $182.00 target price for the company. JPMorgan Chase & Co. increased their price objective on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company cut their target price on Leidos from $230.00 to $205.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Barclays increased their price target on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.00.
Insider Activity at Leidos
In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 20,001 shares in the company, valued at $3,899,594.97. This represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.
Leidos Stock Performance
NYSE LDOS traded down $0.52 during trading on Tuesday, hitting $147.72. 357,337 shares of the company’s stock traded hands, compared to its average volume of 891,328. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The stock has a market capitalization of $19.71 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.04 and a beta of 0.66. Leidos Holdings, Inc. has a 12-month low of $107.73 and a 12-month high of $202.90. The business has a 50 day moving average of $163.83 and a 200-day moving average of $157.83.
Leidos (NYSE:LDOS – Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the company posted $2.03 EPS. Leidos’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Leidos Holdings, Inc. will post 9.89 earnings per share for the current fiscal year.
Leidos Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.40 dividend. The ex-dividend date was Monday, December 16th. This is a boost from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. Leidos’s payout ratio is 18.22%.
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.
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