Leidos Holdings, Inc. (NYSE:LDOS) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 3,896.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,239 shares of the aerospace company’s stock after purchasing an additional 1,208 shares during the period. Exchange Traded Concepts LLC’s holdings in Leidos were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LDOS. Twin Tree Management LP acquired a new position in shares of Leidos in the first quarter worth about $2,512,000. Leeward Investments LLC MA boosted its holdings in shares of Leidos by 4.9% in the first quarter. Leeward Investments LLC MA now owns 166,069 shares of the aerospace company’s stock worth $21,770,000 after buying an additional 7,703 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Leidos by 188.2% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company’s stock worth $1,207,000 after buying an additional 5,403 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Leidos by 97.2% in the first quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock worth $1,692,000 after buying an additional 6,360 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Leidos by 76.9% in the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after buying an additional 303,775 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

LDOS has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on shares of Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Stifel Nicolaus 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 Monday, June 24th. 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. Citigroup raised their price target on shares of Leidos from $169.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Truist Financial raised their price objective 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $166.92.

Leidos Trading Up 0.1 %

NYSE:LDOS opened at $169.66 on Tuesday. Leidos Holdings, Inc. has a 12 month low of $90.30 and a 12 month high of $170.15. The firm has a market cap of $22.85 billion, a price-to-earnings ratio of 53.19, a P/E/G ratio of 1.51 and a beta of 0.70. 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’s 50 day moving average is $158.38 and its 200-day moving average is $148.44.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the firm posted $1.80 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts anticipate that Leidos Holdings, Inc. will post 8.96 EPS for the current year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, September 13th. Leidos’s dividend payout ratio (DPR) is currently 47.65%.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 1,000 shares of the business’s 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 transaction, the director now 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’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 transaction, the director now owns 7,455 shares of the company’s stock, valued at approximately $1,082,689.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of the business’s 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 directly owns 11,264 shares in the company, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

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.