Leidos Holdings, Inc. (NYSE:LDOS) Stake Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 24,194.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,047 shares of the aerospace company’s stock after acquiring an additional 375,495 shares during the period. International Assets Investment Management LLC owned approximately 0.28% of Leidos worth $61,459,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in shares of Leidos in the third quarter valued at approximately $30,000. 1832 Asset Management L.P. bought a new stake in Leidos during the second quarter worth approximately $34,000. Blue Trust Inc. boosted its holdings in Leidos by 251.3% during the second 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 holdings in Leidos by 122.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after buying an additional 169 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in Leidos during the third quarter worth approximately $46,000. 76.12% of the stock is currently owned by institutional investors.

Leidos Stock Down 0.0 %

LDOS stock opened at $168.71 on Friday. Leidos Holdings, Inc. has a 12-month low of $90.30 and a 12-month high of $171.35. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The company has a market cap of $22.73 billion, a price-to-earnings ratio of 52.89, a PEG ratio of 1.49 and a beta of 0.70. The company has a 50 day moving average of $160.08 and a two-hundred day moving average of $149.26.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (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 company had revenue of $4.13 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. On average, equities analysts anticipate that Leidos Holdings, Inc. will post 8.96 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. This is a positive change from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Leidos’s dividend payout ratio is 47.65%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LDOS. Citigroup raised their target price on shares of Leidos from $169.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Barclays raised their target price on shares of Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Bank of America raised their target price on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. TD Cowen raised their target price on shares of Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Truist Financial upped their price target on shares of Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $166.92.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the firm’s 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 transaction, the director now directly owns 7,455 shares in the company, valued at approximately $1,082,689.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, 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 value of $144,020.00. Following the transaction, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the firm’s stock in a transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

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.