Sanctuary Advisors LLC Acquires Shares of 13,826 Leidos Holdings, Inc. (NYSE:LDOS)

Sanctuary Advisors LLC acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,826 shares of the aerospace company’s stock, valued at approximately $2,017,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 1832 Asset Management L.P. bought a new stake in Leidos in the second quarter worth $34,000. Blue Trust Inc. raised its stake 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 period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Leidos by 122.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 169 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Leidos during the 2nd quarter worth about $60,000. Finally, Tributary Capital Management LLC bought a new position in Leidos during the 1st quarter valued at about $64,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Trading Down 0.0 %

NYSE:LDOS opened at $166.62 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21. The firm has a 50-day simple moving average of $153.67 and a 200-day simple moving average of $145.75. Leidos Holdings, Inc. has a one year low of $90.30 and a one year high of $168.02. The firm has a market cap of $22.53 billion, a P/E ratio of 71.60, a P/E/G ratio of 1.47 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. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. Leidos’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.80 earnings per share. Equities analysts anticipate that Leidos Holdings, Inc. will post 8.95 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 0.91%. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Insiders Place Their Bets

In other news, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Gary Stephen May sold 1,000 shares of the 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 completion of the sale, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s 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 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 disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup boosted their target price on Leidos from $165.00 to $169.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their price objective on Leidos from $172.00 to $183.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Stifel Nicolaus increased their target price on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Bank of America lifted their target price on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a report 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 given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.83.

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.