124,547 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Purchased by Twinbeech Capital LP

Twinbeech Capital LP purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 124,547 shares of the aerospace company's stock, valued at approximately $17,942,000. Twinbeech Capital LP owned 0.09% of Leidos as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of LDOS. Private Advisor Group LLC increased its holdings in Leidos by 83.0% in the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company's stock valued at $1,177,000 after buying an additional 3,703 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Leidos by 39.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company's stock valued at $1,800,000 after buying an additional 3,534 shares during the period. LGT Fund Management Co Ltd. bought a new position in Leidos in the 4th quarter valued at about $1,979,000. HM Payson & Co. increased its holdings in Leidos by 959.8% in the 4th quarter. HM Payson & Co. now owns 2,374 shares of the aerospace company's stock valued at $342,000 after buying an additional 2,150 shares during the period. Finally, Teamwork Financial Advisors LLC increased its holdings in Leidos by 497.9% in the 4th quarter. Teamwork Financial Advisors LLC now owns 70,566 shares of the aerospace company's stock valued at $10,166,000 after buying an additional 58,763 shares during the period. 76.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Truist Financial decreased their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. William Blair downgraded shares of Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. StockNews.com downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 30th. Wells Fargo & Company raised their price target on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Royal Bank of Canada raised their price target on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $180.69.

Leidos Stock Up 0.3%

NYSE:LDOS opened at $159.43 on Tuesday. The firm's 50 day simple moving average is $142.74 and its 200 day simple moving average is $148.22. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The company has a market cap of $20.52 billion, a PE ratio of 17.25, a P/E/G ratio of 1.65 and a beta of 0.65.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.47 by $0.50. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The firm's revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $2.29 EPS. On average, research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.00%. Leidos's dividend payout ratio (DPR) is currently 16.10%.

Insider Transactions at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the transaction, the director now owns 20,195 shares in the company, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.

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