Point72 Hong Kong Ltd Has $3.77 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Point72 Hong Kong Ltd cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1.5% in the second quarter, HoldingsChannel reports. The fund owned 25,812 shares of the aerospace company’s stock after selling 404 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Leidos were worth $3,766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 1832 Asset Management L.P. acquired a new stake in shares of Leidos during the second quarter worth approximately $34,000. Blue Trust Inc. lifted its position in Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after buying an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Leidos by 122.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after buying an additional 169 shares during the period. Family Firm Inc. purchased a new position in shares of Leidos during the 2nd quarter valued at $60,000. Finally, Tributary Capital Management LLC purchased a new position in shares of Leidos during the 1st quarter valued at $64,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Activity

In related news, CEO Thomas Arthur Bell bought 1,712 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average price of $145.04 per share, with a total value of $248,308.48. Following the completion of the transaction, the chief executive officer now owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Thomas Arthur Bell bought 1,712 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $145.04 per share, with a total value 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 $3,248,605.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,622,241.28. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Leidos Price Performance

Shares of Leidos stock opened at $158.45 on Wednesday. Leidos Holdings, Inc. has a 1-year low of $89.22 and a 1-year high of $160.32. The firm has a fifty day simple moving average of $151.60 and a 200-day simple moving average of $143.51. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $21.34 billion, a price-to-earnings ratio of 68.30, a PEG ratio of 1.43 and a beta of 0.70.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The business’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, sell-side analysts expect that Leidos Holdings, Inc. will post 8.95 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.96%. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LDOS. Stifel Nicolaus lifted their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Barclays lifted their price target on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Citigroup increased their price objective on Leidos from $165.00 to $169.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Truist Financial lifted their target price on shares of Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, Wells Fargo & Company increased their price target on shares of Leidos from $168.00 to $172.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.08.

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.