Leidos Holdings, Inc. (NYSE:LDOS) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 52.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 104,509 shares of the aerospace company’s stock after acquiring an additional 35,990 shares during the quarter. Ensign Peak Advisors Inc owned 0.08% of Leidos worth $15,246,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in shares of 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 during the period. Massmutual Trust Co. FSB ADV boosted 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 acquiring an additional 169 shares during the period. Family Firm Inc. acquired a new position in Leidos in the 2nd quarter valued at about $60,000. Tributary Capital Management LLC purchased a new stake in Leidos during the first quarter worth about $64,000. Finally, Versant Capital Management Inc lifted its position in shares of Leidos by 257.7% during the second quarter. Versant Capital Management Inc now owns 440 shares of the aerospace company’s stock worth $64,000 after purchasing an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Analysts Set New Price Targets

LDOS has been the subject of a number of research reports. Royal Bank of Canada lifted their price objective on shares of Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. Truist Financial upped their price objective on Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Citigroup lifted their target price on Leidos from $165.00 to $169.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company upped their price target on Leidos from $168.00 to $172.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Bank of America lifted their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Leidos presently has a consensus rating of “Moderate Buy” and an average target price of $163.08.

Leidos Trading Up 1.7 %

NYSE LDOS opened at $159.66 on Tuesday. The firm’s fifty day moving average price is $151.47 and its 200 day moving average price is $143.30. Leidos Holdings, Inc. has a 12 month low of $89.22 and a 12 month high of $160.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. The company has a market capitalization of $21.59 billion, a price-to-earnings ratio of 68.82, a price-to-earnings-growth ratio of 1.38 and a beta of 0.70.

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. The business had revenue of $4.13 billion for 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 business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 earnings per share. On average, sell-side analysts expect that Leidos Holdings, Inc. will post 8.95 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, September 13th. Leidos’s payout ratio is currently 65.52%.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 1,000 shares of the 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 completion of the sale, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Thomas Arthur Bell purchased 1,712 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was acquired at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the purchase, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $144,020.00. Following the sale, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The disclosure for this sale can be found here. 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.