Quantinno Capital Management LP increased its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 94.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 32,164 shares of the aerospace company's stock after purchasing an additional 15,634 shares during the period. Quantinno Capital Management LP's holdings in Leidos were worth $5,243,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Redwood Investment Management LLC increased its stake in Leidos by 2.6% in the third quarter. Redwood Investment Management LLC now owns 15,074 shares of the aerospace company's stock valued at $2,425,000 after purchasing an additional 384 shares during the period. Maven Securities LTD purchased a new position in shares of Leidos during the third quarter worth about $388,000. Morse Asset Management Inc increased its position in Leidos by 92.0% in the 3rd quarter. Morse Asset Management Inc now owns 5,175 shares of the aerospace company's stock valued at $844,000 after acquiring an additional 2,480 shares during the period. Integrated Wealth Concepts LLC raised its stake in Leidos by 77.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,876 shares of the aerospace company's stock valued at $1,610,000 after acquiring an additional 4,325 shares during the last quarter. Finally, Investment Management Corp of Ontario lifted its position in Leidos by 53.1% during the 3rd quarter. Investment Management Corp of Ontario now owns 4,324 shares of the aerospace company's stock worth $705,000 after acquiring an additional 1,500 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.
In other Leidos news, Director Noel B. Geer purchased 2,000 shares of Leidos stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of $161.13 per share, with a total value of $322,260.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $322,260. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the sale, the director now directly owns 20,001 shares of the company's stock, valued at approximately $3,899,594.97. This represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently commented on the company. The Goldman Sachs Group upped their price target on Leidos from $205.00 to $228.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their target price on shares of Leidos from $145.00 to $180.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. Truist Financial dropped their price target on shares of Leidos from $205.00 to $185.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Wells Fargo & Company reduced their price objective on shares of Leidos from $230.00 to $205.00 and set an "overweight" rating for the company in a research report on Tuesday, November 26th. Finally, Robert W. Baird boosted their target price on Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Leidos has a consensus rating of "Moderate Buy" and an average target price of $187.36.
View Our Latest Report on LDOS
Leidos stock opened at $163.15 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The firm's 50-day simple moving average is $171.81 and its 200 day simple moving average is $157.41. Leidos Holdings, Inc. has a 52 week low of $105.52 and a 52 week high of $202.90. The firm has a market capitalization of $21.77 billion, a PE ratio of 18.58, a P/E/G ratio of 1.11 and a beta of 0.64.
Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating the consensus estimate of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.03 earnings per share. On average, equities research analysts predict that Leidos Holdings, Inc. will post 10.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from Leidos's previous quarterly dividend of $0.38. Leidos's dividend payout ratio (DPR) is presently 18.22%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Leidos, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Leidos wasn't on the list.
While Leidos currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.