Savant Capital LLC Purchases New Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Savant Capital LLC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,861 shares of the aerospace company’s stock, valued at approximately $201,000.

A number of other institutional investors also recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Leidos by 1.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,858 shares of the aerospace company’s stock valued at $1,001,000 after acquiring an additional 122 shares in the last quarter. Signaturefd LLC lifted its position in shares of Leidos by 9.3% during the third quarter. Signaturefd LLC now owns 1,592 shares of the aerospace company’s stock worth $147,000 after purchasing an additional 135 shares during the last quarter. Covestor Ltd grew its stake in Leidos by 10.5% in the third quarter. Covestor Ltd now owns 1,444 shares of the aerospace company’s stock worth $133,000 after purchasing an additional 137 shares in the last quarter. New York Life Investment Management LLC increased its holdings in Leidos by 0.8% in the third quarter. New York Life Investment Management LLC now owns 19,735 shares of the aerospace company’s stock valued at $1,819,000 after buying an additional 148 shares during the last quarter. Finally, Hohimer Wealth Management LLC raised its stake in Leidos by 1.0% during the third quarter. Hohimer Wealth Management LLC now owns 16,257 shares of the aerospace company’s stock valued at $1,498,000 after buying an additional 160 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Argus boosted their price objective on shares of Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Robert W. Baird raised their target price on shares of Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Bank of America lifted their target price on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $145.67.

Leidos Stock Up 0.2 %

LDOS stock opened at $142.85 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24. The stock has a market capitalization of $19.31 billion, a P/E ratio of 61.57, a P/E/G ratio of 1.82 and a beta of 0.66. Leidos Holdings, Inc. has a fifty-two week low of $76.58 and a fifty-two week high of $144.17. The business has a 50-day moving average of $129.78 and a 200-day moving average of $116.23.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the firm posted $1.47 EPS. The business’s revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts anticipate that Leidos Holdings, Inc. will post 8.36 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 1.06%. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Insider Transactions at Leidos

In related news, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the sale, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director David G. Fubini sold 7,874 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the transaction, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Stephen May sold 2,745 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total transaction of $341,725.05. Following the sale, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

About Leidos

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.