Heritage Investors Management Corp Has $14.38 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Heritage Investors Management Corp boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 8.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,545 shares of the aerospace company's stock after buying an additional 8,689 shares during the quarter. Heritage Investors Management Corp owned approximately 0.08% of Leidos worth $14,377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LDOS. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Leidos by 2.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,306 shares of the aerospace company's stock valued at $1,391,000 after purchasing an additional 205 shares during the period. IFP Advisors Inc lifted its stake in shares of Leidos by 12.3% in the 1st quarter. IFP Advisors Inc now owns 11,807 shares of the aerospace company's stock valued at $1,593,000 after purchasing an additional 1,297 shares during the period. Cassaday & Co Wealth Management LLC lifted its stake in shares of Leidos by 2.0% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 15,879 shares of the aerospace company's stock valued at $2,143,000 after purchasing an additional 318 shares during the period. South Dakota Investment Council acquired a new position in shares of Leidos in the 1st quarter valued at about $567,000. Finally, Impact Partnership Wealth LLC lifted its stake in shares of Leidos by 5.5% in the 1st quarter. Impact Partnership Wealth LLC now owns 3,463 shares of the aerospace company's stock valued at $467,000 after purchasing an additional 182 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LDOS has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Citigroup reaffirmed a "buy" rating and set a $190.00 price target (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Wall Street Zen raised Leidos from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Truist Financial dropped their price target on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, UBS Group boosted their price objective on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Leidos has an average rating of "Moderate Buy" and a consensus price target of $175.15.

Insider Buying and Selling at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction 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 owned 20,195 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Insiders own 0.96% of the company's stock.

Leidos Price Performance

Leidos stock opened at $162.57 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 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. The business's 50 day simple moving average is $154.54 and its 200 day simple moving average is $145.61. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.95 and a beta of 0.64.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.50. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.29 earnings per share. Sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a dividend of $0.40 per share. The ex-dividend date was Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Leidos's dividend payout ratio is currently 16.10%.

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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