1,465 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Acquired by Dakota Wealth Management

Dakota Wealth Management acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,465 shares of the aerospace company’s stock, valued at approximately $239,000.

Other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in Leidos by 14.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,980 shares of the aerospace company’s stock worth $812,000 after purchasing an additional 632 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Leidos by 12.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,879 shares of the aerospace company’s stock worth $795,000 after buying an additional 524 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Leidos by 24,194.3% in the third quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock worth $61,459,000 after buying an additional 375,495 shares during the last quarter. Axecap Investments LLC bought a new position in shares of Leidos in the third quarter worth approximately $3,886,000. Finally, Foundations Investment Advisors LLC grew its holdings in shares of Leidos by 6.3% during the third quarter. Foundations Investment Advisors LLC now owns 1,679 shares of the aerospace company’s stock valued at $274,000 after buying an additional 99 shares during the last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Trading Up 0.6 %

NYSE:LDOS opened at $169.73 on Tuesday. The firm has a market capitalization of $22.86 billion, a price-to-earnings ratio of 53.21, a price-to-earnings-growth ratio of 1.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. The business has a fifty day moving average price of $160.48 and a 200-day moving average price of $149.88. Leidos Holdings, Inc. has a one year low of $90.53 and a one year high of $171.35.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. The business had revenue of $4.13 billion during 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%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.80 earnings per share. Sell-side analysts forecast that Leidos Holdings, Inc. will post 8.96 EPS for the current year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. This is a boost from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. Leidos’s dividend payout ratio (DPR) is presently 47.65%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LDOS shares. Barclays upped their price objective on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Truist Financial upped their price target on Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Royal Bank of Canada lifted their price objective on Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Citigroup upped their target price on shares of Leidos from $169.00 to $194.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Two equities 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 stock. According to data from MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and an average price target of $166.92.

Insider Buying and Selling at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $145.23, for a total value of $153,798.57. Following the completion of the sale, the director now directly owns 7,455 shares of the company’s stock, valued at $1,082,689.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the sale, the director now owns 7,455 shares in the company, valued at approximately $1,082,689.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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, for a total transaction of $248,308.48. Following the purchase, the chief executive officer now directly owns 22,398 shares in the company, valued at $3,248,605.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.96% of the company’s stock.

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.