Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. lifted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,106 shares of the aerospace company’s stock after acquiring an additional 177 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Leidos were worth $303,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FMR LLC boosted its stake in Leidos by 27.8% in the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock worth $392,133,000 after purchasing an additional 522,764 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after buying an additional 405,256 shares during the period. International Assets Investment Management LLC lifted its stake in Leidos by 24,194.3% in the 3rd quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock worth $61,459,000 after acquiring an additional 375,495 shares in the last quarter. Van ECK Associates Corp boosted its position in Leidos by 39.9% during the 4th quarter. Van ECK Associates Corp now owns 841,479 shares of the aerospace company’s stock worth $121,223,000 after acquiring an additional 239,846 shares during the period. Finally, Barclays PLC grew its stake in Leidos by 53.1% during the 3rd quarter. Barclays PLC now owns 576,022 shares of the aerospace company’s stock valued at $93,891,000 after acquiring an additional 199,686 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Performance

NYSE:LDOS opened at $126.66 on Friday. The firm’s 50-day moving average is $144.89 and its 200-day moving average is $156.76. The company has a market cap of $16.61 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.67 and a beta of 0.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. Leidos Holdings, Inc. has a 52-week low of $123.22 and a 52-week high of $202.90.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. Leidos’s payout ratio is 17.32%.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 2,128 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This represents a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now directly owns 6,408 shares in the company, valued at $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Analyst Ratings Changes

LDOS has been the subject of a number of research analyst reports. William Blair lowered shares of Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday. Wells Fargo & Company dropped their target price on Leidos from $199.00 to $197.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Cantor Fitzgerald assumed coverage on shares of Leidos in a report on Friday, February 7th. They set an “overweight” rating and a $185.00 price target on the stock. Robert W. Baird boosted their price target on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Leidos from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $176.27.

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.