Heartland Advisors Inc. Has $13.14 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• Heartland Advisors Inc. has increased its holdings in Leidos Holdings, Inc. by 3.7%, bringing its total shares to 97,360, valued at approximately $13.14 million.
• Leidos reported a quarterly earnings per share of $2.97, exceeding analysts' expectations and showing a 6.8% year-over-year revenue increase to $4.25 billion.
• The company also declared a quarterly dividend of $0.40 per share, representing an annualized rate of $1.60 and a dividend yield of 0.98%.

Heartland Advisors Inc. lifted its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 3.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,360 shares of the aerospace company's stock after purchasing an additional 3,481 shares during the period. Heartland Advisors Inc. owned 0.08% of Leidos worth $13,138,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Syntax Research Inc. bought a new stake in shares of Leidos in the first quarter valued at about $2,024,000. Longbow Finance SA acquired a new position in Leidos in the 1st quarter valued at approximately $2,727,000. Pacer Advisors Inc. lifted its position in shares of Leidos by 3,450.0% in the 1st quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company's stock worth $95,012,000 after acquiring an additional 684,272 shares during the period. Assetmark Inc. lifted its position in shares of Leidos by 0.8% in the 1st quarter. Assetmark Inc. now owns 15,891 shares of the aerospace company's stock worth $2,144,000 after acquiring an additional 133 shares during the period. Finally, Brookwood Investment Group LLC acquired a new stake in shares of Leidos during the 1st quarter worth approximately $1,099,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Price Performance

NYSE LDOS traded up $0.65 during trading hours on Tuesday, reaching $161.00. 210,582 shares of the company's stock were exchanged, compared to its average volume of 1,408,009. The firm has a fifty day moving average of $155.20 and a 200-day moving average of $146.26. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The stock has a market cap of $20.72 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.95 and a beta of 0.64. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17.

Leidos (NYSE:LDOS - Get Free Report) last announced 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. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The company had revenue of $4.25 billion for 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 business's revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Monday, June 16th. Leidos's payout ratio is presently 16.10%.

Insider Buying and Selling at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the sale, the director directly owned 20,195 shares of the company's stock, valued at $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. UBS Group upped their target price on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Stifel Nicolaus set a $178.00 price objective on shares of Leidos and gave the company a "buy" rating in a research note on Tuesday, June 24th. Wall Street Zen raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Robert W. Baird cut shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a research note on Tuesday, May 27th. Finally, Royal Bank Of Canada increased their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $175.15.

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.