AQR Capital Management LLC Has $101.94 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)

AQR Capital Management LLC grew its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 76.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 698,807 shares of the aerospace company’s stock after buying an additional 303,775 shares during the period. AQR Capital Management LLC’s holdings in Leidos were worth $101,942,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. 1832 Asset Management L.P. bought a new position in Leidos during the second quarter valued at about $34,000. Blue Trust Inc. grew its holdings in shares of Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings 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 worth $45,000 after purchasing an additional 169 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Leidos during the second quarter valued at approximately $60,000. Finally, Versant Capital Management Inc raised its stake in shares of Leidos by 257.7% in the second quarter. Versant Capital Management Inc now owns 440 shares of the aerospace company’s stock valued at $64,000 after purchasing an additional 317 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Performance

Shares of NYSE:LDOS opened at $158.43 on Friday. The business has a fifty day moving average of $151.76 and a 200-day moving average of $143.61. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21. Leidos Holdings, Inc. has a twelve month low of $89.22 and a twelve month high of $160.32. The firm has a market cap of $21.42 billion, a PE ratio of 68.29, a price-to-earnings-growth ratio of 1.43 and a beta of 0.70.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts predict that Leidos Holdings, Inc. will post 8.95 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.96%. The ex-dividend date is Friday, September 13th. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Citigroup lifted their target price on shares of Leidos from $165.00 to $169.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. TD Cowen increased their price target on shares of Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Barclays raised their price target on shares of Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus upped their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and an average price target of $163.08.

Insiders Place Their Bets

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

About Leidos

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.