Hobbs Group Advisors LLC Increases Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Hobbs Group Advisors LLC lifted its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,561 shares of the aerospace company’s stock after buying an additional 222 shares during the quarter. Hobbs Group Advisors LLC’s holdings in Leidos were worth $945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LDOS. Private Advisor Group LLC lifted its stake in Leidos by 83.0% in the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock worth $1,177,000 after purchasing an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Leidos by 39.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock worth $1,800,000 after buying an additional 3,534 shares in the last quarter. Fiduciary Trust Co boosted its stake in Leidos by 36.4% during the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock valued at $3,902,000 after buying an additional 6,395 shares during the last quarter. LGT Fund Management Co Ltd. purchased a new position in Leidos during the 4th quarter valued at approximately $1,979,000. Finally, Rockefeller Capital Management L.P. bought a new stake in Leidos in the 3rd quarter worth approximately $4,622,000. Institutional investors own 76.12% of the company’s stock.

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This represents a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction 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 completion of the transaction, the director now owns 6,408 shares in the company, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Trading Down 1.3 %

NYSE LDOS opened at $133.95 on Friday. The stock has a market cap of $17.17 billion, a PE ratio of 14.50, a PEG ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90. The company’s 50-day moving average price is $137.51 and its 200-day moving average price is $153.65. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

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

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, March 14th. Leidos’s dividend payout ratio (DPR) is presently 17.32%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LDOS. UBS Group lowered their target price on Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. StockNews.com cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th. Truist Financial decreased their target price on shares of Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and dropped their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group downgraded Leidos from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $178.07.

Leidos Company 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.