FCF Advisors LLC Acquires New Position in Leidos Holdings, Inc. (NYSE:LDOS)

FCF Advisors LLC acquired a new position in Leidos Holdings, Inc. (NYSE:LDOS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,998 shares of the aerospace company’s stock, valued at approximately $2,282,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LDOS. 1832 Asset Management L.P. acquired a new position in shares of Leidos in the 2nd quarter valued at $34,000. Blue Trust Inc. raised its position 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 acquiring an additional 201 shares during the period. Massmutual Trust Co. FSB ADV raised its position 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 acquiring an additional 169 shares during the period. Family Firm Inc. acquired a new position in Leidos during the second quarter worth $60,000. Finally, Tributary Capital Management LLC acquired a new position in Leidos during the first quarter worth $64,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Activity

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $145.23, for a total value of $153,798.57. Following the completion of the sale, the director now directly owns 7,455 shares in the company, valued at $1,082,689.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was 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 directly owns 7,455 shares of the company’s stock, valued at approximately $1,082,689.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. 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 insiders.

Leidos Stock Performance

Shares of LDOS stock traded down $0.07 during trading on Tuesday, reaching $166.59. The company had a trading volume of 88,700 shares, compared to its average volume of 860,520. The firm’s 50 day simple moving average is $153.40 and its two-hundred day simple moving average is $145.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. Leidos Holdings, Inc. has a one year low of $90.30 and a one year high of $168.02. The company has a market capitalization of $22.52 billion, a PE ratio of 71.84, a PEG ratio of 1.47 and a beta of 0.70.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.27 by $0.36. The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.80 EPS. Sell-side analysts forecast that Leidos Holdings, Inc. will post 8.95 earnings per share for the current year.

Leidos Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LDOS shares. JPMorgan Chase & Co. upped their price objective on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Bank of America upped their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Royal Bank of Canada increased their target price on shares of Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus increased their price target on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Finally, Wells Fargo & Company raised their target price on shares of Leidos from $172.00 to $183.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and a consensus price target 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.