Hartford Investment Management Co. Has $1.39 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Hartford Investment Management Co. cut its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,511 shares of the aerospace company’s stock after selling 169 shares during the period. Hartford Investment Management Co.’s holdings in Leidos were worth $1,387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LDOS. Northwest Investment Counselors LLC acquired a new position in Leidos during the third quarter worth approximately $30,000. 1832 Asset Management L.P. acquired a new position in shares of Leidos during the 2nd quarter worth approximately $34,000. Blue Trust Inc. raised its stake in Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 201 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in 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 purchasing an additional 169 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new position in Leidos during the third quarter worth $46,000. 76.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on LDOS shares. Royal Bank of Canada upped their price target on shares of Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. TD Cowen raised 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. Truist Financial raised their target price on shares of Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Citigroup boosted their price target on 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. raised their price objective on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.92.

Leidos Price Performance

Shares of LDOS stock opened at $168.71 on Friday. The business has a fifty day simple moving average of $160.08 and a 200 day simple moving average of $149.26. The company has a market cap of $22.73 billion, a P/E ratio of 52.89, a P/E/G ratio of 1.49 and a beta of 0.70. 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 twelve month low of $90.30 and a twelve month high of $171.35.

Leidos (NYSE:LDOS) last posted its 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. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.80 earnings per share. On average, sell-side analysts forecast that Leidos Holdings, Inc. will post 8.96 EPS for the current fiscal year.

Leidos Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. This is a positive change from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio (DPR) is currently 47.65%.

Insiders Place Their Bets

In related news, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now owns 11,264 shares of the company’s stock, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Leidos news, CEO Thomas Arthur Bell bought 1,712 shares of Leidos stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $145.04 per share, with a total value of $248,308.48. Following the acquisition, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

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.