Harbor Capital Advisors Inc. Increases Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Harbor Capital Advisors Inc. grew its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2,940.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,159 shares of the aerospace company's stock after purchasing an additional 2,088 shares during the period. Harbor Capital Advisors Inc.'s holdings in Leidos were worth $291,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LDOS. Vanguard Group Inc. grew its stake in shares of Leidos by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock worth $2,225,784,000 after acquiring an additional 84,003 shares in the last quarter. Geode Capital Management LLC grew its stake in Leidos by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock worth $487,649,000 after purchasing an additional 27,410 shares in the last quarter. Invesco Ltd. increased its holdings in Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after purchasing an additional 682,532 shares during the period. First Trust Advisors LP raised its position in Leidos by 8.9% in the 4th quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company's stock valued at $273,920,000 after purchasing an additional 155,481 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Leidos in the 4th quarter valued at about $266,419,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Activity

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the sale, the director now owns 20,195 shares in the company, valued at $3,121,137.25. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.69% of the company's stock.

Leidos Trading Up 0.7%

NYSE:LDOS opened at $149.12 on Friday. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The stock's 50 day simple moving average is $147.91 and its 200-day simple moving average is $144.76. The firm has a market cap of $19.19 billion, a P/E ratio of 16.14, a PEG ratio of 1.65 and a beta of 0.63.

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

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Monday, June 16th. Leidos's dividend payout ratio (DPR) is 16.10%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Wells Fargo & Company lifted their price objective on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Royal Bank of Canada increased their target price on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Finally, William Blair downgraded Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Leidos currently has an average rating of "Moderate Buy" and a consensus target price of $176.46.

Leidos 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.

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