Leidos Holdings, Inc. (NYSE:LDOS) Shares Acquired by Millennium Management LLC

Millennium Management LLC lifted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 156.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,133,508 shares of the aerospace company’s stock after acquiring an additional 691,575 shares during the period. Millennium Management LLC’s holdings in Leidos were worth $165,356,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. 1832 Asset Management L.P. purchased a new position in Leidos in the 2nd quarter worth $34,000. Blue Trust Inc. raised its stake in shares of Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 201 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Leidos by 122.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 169 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Leidos during the second quarter worth about $60,000. Finally, Tributary Capital Management LLC purchased a new stake in Leidos in the first quarter valued at approximately $64,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insiders Place Their Bets

In other Leidos news, CEO Thomas Arthur Bell bought 1,712 shares of Leidos stock in a transaction dated Thursday, August 1st. The stock was acquired at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the transaction, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the transaction, the director now owns 7,455 shares of the company’s stock, valued at $1,082,689.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Arthur Bell acquired 1,712 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased 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 disclosure for this purchase can be found here. 0.96% of the stock is currently owned by corporate insiders.

Leidos Stock Performance

LDOS opened at $159.69 on Friday. The company has a market cap of $21.51 billion, a price-to-earnings ratio of 68.83, a PEG ratio of 1.41 and a beta of 0.70. The firm’s fifty day simple moving average is $151.91 and its two-hundred day simple moving average is $143.72. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a 52-week low of $89.22 and a 52-week high of $160.32.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.36. The company had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. Leidos’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 EPS. Equities analysts anticipate that Leidos Holdings, Inc. will post 8.95 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.95%. Leidos’s payout ratio is currently 65.52%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays lifted their price objective on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. TD Cowen upped their price target on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on Leidos from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Citigroup upped their target price on Leidos from $165.00 to $169.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Truist Financial lifted their price target on Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and an average target price of $163.08.

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.