Fiduciary Alliance LLC Buys Shares of 5,106 Leidos Holdings, Inc. (NYSE:LDOS)

Fiduciary Alliance LLC purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,106 shares of the aerospace company’s stock, valued at approximately $736,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Fiduciary Trust Co raised its holdings in Leidos by 36.4% during the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock worth $3,902,000 after purchasing an additional 6,395 shares during the last quarter. Atria Investments Inc raised its stake in shares of Leidos by 100.1% during the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock worth $1,440,000 after buying an additional 4,421 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Leidos by 51.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock worth $136,491,000 after buying an additional 283,558 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in Leidos by 21.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock valued at $8,992,000 after acquiring an additional 9,710 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in Leidos during the 3rd quarter valued at about $4,622,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Buying and Selling at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the transaction, the director now owns 6,408 shares in the company, valued at $1,185,095.52. The trade was a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Noel B. Geer bought 2,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of $161.13 per share, with a total value of $322,260.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $322,260. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LDOS has been the topic of several recent research reports. TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and reduced their price target for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. UBS Group initiated coverage on Leidos in a report on Monday, December 2nd. They set a “neutral” rating and a $182.00 target price on the stock. The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and cut their price target for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. Royal Bank of Canada increased their price objective on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their target price on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $179.07.

Leidos Stock Performance

NYSE:LDOS opened at $152.71 on Tuesday. Leidos Holdings, Inc. has a fifty-two week low of $107.73 and a fifty-two week high of $202.90. The firm’s 50 day moving average is $160.16 and its two-hundred day moving average is $157.86. The company has a market cap of $20.38 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.04 and a beta of 0.66. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.03 earnings per share. Analysts expect that Leidos Holdings, Inc. will post 9.89 EPS for the current year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.40 dividend. This is a positive change from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 1.05%. Leidos’s dividend payout ratio (DPR) is presently 18.22%.

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.