Choreo LLC Has $454,000 Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Choreo LLC lifted its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 13.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,116 shares of the aerospace company’s stock after acquiring an additional 378 shares during the quarter. Choreo LLC’s holdings in Leidos were worth $454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tidemark LLC acquired a new stake in shares of Leidos in the fourth quarter valued at about $41,000. Blue Trust Inc. increased its position in shares of Leidos by 251.3% in the second 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 last quarter. Massmutual Trust Co. FSB ADV increased its position 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 valued at $45,000 after acquiring an additional 169 shares during the last quarter. Principal Securities Inc. bought a new position in Leidos during the fourth quarter worth about $49,000. Finally, Family Firm Inc. bought a new position in Leidos during the second quarter worth about $60,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LDOS shares. JPMorgan Chase & Co. lifted their price target on Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Barclays lifted their price target on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Citigroup lifted their price target on Leidos from $165.00 to $169.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen lifted their price target on Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada boosted 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. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Leidos presently has an average rating of “Moderate Buy” and a consensus target price of $163.08.

Leidos Trading Up 0.9 %

Shares of LDOS stock opened at $155.50 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. The stock has a market cap of $20.95 billion, a P/E ratio of 67.03, a price-to-earnings-growth ratio of 1.37 and a beta of 0.70. The stock has a 50 day simple moving average of $150.50 and a 200 day simple moving average of $142.16. Leidos Holdings, Inc. has a 1 year low of $89.22 and a 1 year high of $159.10.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 earnings per share. On average, research analysts predict 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 will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 0.98%. Leidos’s dividend payout ratio is currently 65.52%.

Insider Buying and Selling at Leidos

In other news, CEO Thomas Arthur Bell acquired 1,712 shares of the stock in a transaction on 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 in the company, valued at $3,248,605.92. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Thomas Arthur Bell purchased 1,712 shares of the stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the acquisition, the chief executive officer now owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gary Stephen May sold 1,000 shares of the company’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 transaction, the director now owns 11,264 shares of the company’s stock, valued at $1,622,241.28. 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.