Leidos Holdings, Inc. (NYSE:LDOS) Position Increased by Redwood Investment Management LLC

Redwood Investment Management LLC lifted its position in Leidos Holdings, Inc. (NYSE:LDOS) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,209 shares of the aerospace company’s stock after acquiring an additional 135 shares during the period. Redwood Investment Management LLC’s holdings in Leidos were worth $2,191,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Barclays PLC raised its position in Leidos by 53.1% during the third quarter. Barclays PLC now owns 576,022 shares of the aerospace company’s stock valued at $93,891,000 after buying an additional 199,686 shares during the period. JPMorgan Chase & Co. grew its stake in Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after acquiring an additional 405,256 shares in the last quarter. Czech National Bank increased its holdings in shares of Leidos by 5.4% in the 4th quarter. Czech National Bank now owns 28,931 shares of the aerospace company’s stock valued at $4,168,000 after purchasing an additional 1,489 shares during the period. Brookstone Capital Management lifted its position in shares of Leidos by 16.7% in the fourth quarter. Brookstone Capital Management now owns 4,978 shares of the aerospace company’s stock worth $717,000 after purchasing an additional 714 shares in the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Leidos during the fourth quarter worth approximately $564,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Performance

LDOS opened at $153.23 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market cap of $19.72 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. The stock has a 50-day moving average of $141.33 and a 200-day moving average of $149.16. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.50. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. Leidos’s payout ratio is presently 16.10%.

Insider Buying and Selling

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the transaction, the director now directly owns 20,195 shares in the company, valued at $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the firm’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 approximately $1,478,287.36. The trade was a 15.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LDOS shares. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. Royal Bank of Canada upped their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. UBS Group lifted their price objective on Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their target price on Leidos from $173.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Five equities research 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $180.69.

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.