Oliver Luxxe Assets LLC Buys Shares of 8,526 Leidos Holdings, Inc. (NYSE:LDOS)

Oliver Luxxe Assets LLC bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,526 shares of the aerospace company’s stock, valued at approximately $1,228,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Savant Capital LLC increased its holdings in Leidos by 55.7% in the 2nd quarter. Savant Capital LLC now owns 5,744 shares of the aerospace company’s stock valued at $838,000 after purchasing an additional 2,054 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Leidos by 1,126.9% in the second quarter. Los Angeles Capital Management LLC now owns 45,455 shares of the aerospace company’s stock valued at $6,631,000 after buying an additional 41,750 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Leidos in the 2nd quarter valued at $126,000. Acadian Asset Management LLC acquired a new position in Leidos during the 2nd quarter worth about $37,540,000. Finally, Caprock Group LLC purchased a new position in Leidos during the 2nd quarter valued at about $413,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction 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 trade represents a 12.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Noel B. Geer bought 2,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was bought at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.96% of the stock is owned by company insiders.

Leidos Stock Performance

Shares of LDOS stock opened at $148.25 on Tuesday. The stock’s 50-day moving average is $164.26 and its two-hundred day moving average is $157.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. Leidos Holdings, Inc. has a 1 year low of $107.73 and a 1 year high of $202.90. The firm has a market cap of $19.78 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.04 and a beta of 0.66.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter last year, the business posted $2.03 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts predict that Leidos Holdings, Inc. will post 9.89 earnings per share 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 given a $0.40 dividend. This is an increase 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 1.08%. Leidos’s dividend payout ratio is 18.22%.

Analysts Set New Price Targets

LDOS has been the topic of a number of recent research reports. Citigroup boosted their price target on shares of Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird increased their target price on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. Finally, TD Cowen upgraded Leidos to a “strong-buy” rating in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Leidos presently has an average rating of “Moderate Buy” and a consensus price target of $182.00.

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.