Leidos Holdings, Inc. (NYSE:LDOS) Shares Purchased by Renaissance Investment Group LLC

Key Points

• Renaissance Investment Group LLC increased its stake in Leidos Holdings by 3.7% to own a total of 71,998 shares, making it the 17th largest holding in their portfolio.
• Several institutional investors significantly raised their investments in Leidos, with Alliancebernstein L.P. increasing holdings by 510.6% in the fourth quarter and Pacer Advisors Inc. growing holdings by 3,450.0% in the first quarter.
• Leidos reported a quarterly EPS of $2.97, exceeding analysts' expectations, along with a dividend of $0.40 per share, reflecting a 1.00% yield for investors.

Renaissance Investment Group LLC raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,998 shares of the aerospace company's stock after acquiring an additional 2,575 shares during the period. Leidos makes up 2.4% of Renaissance Investment Group LLC's investment portfolio, making the stock its 17th largest position. Renaissance Investment Group LLC owned about 0.06% of Leidos worth $9,715,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Leidos during the 4th quarter valued at about $25,000. REAP Financial Group LLC raised its holdings in shares of Leidos by 422.2% during the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after buying an additional 152 shares in the last quarter. MCF Advisors LLC purchased a new position in shares of Leidos during the 1st quarter valued at about $27,000. Optimum Investment Advisors raised its holdings in shares of Leidos by 260.0% during the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock valued at $32,000 after buying an additional 169 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Leidos during the 1st quarter valued at about $54,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Buying and Selling

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director directly owned 20,195 shares in the company, valued at $3,121,137.25. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LDOS has been the topic of a number of analyst reports. Baird R W cut Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. UBS Group boosted 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. Truist Financial reduced their target price on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus set a $178.00 target price on Leidos and gave the company a "buy" rating in a research note on Tuesday, June 24th. Finally, Citigroup reissued a "buy" rating and set a $190.00 target price (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Leidos currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.15.

Leidos Trading Down 0.1%

Shares of NYSE:LDOS traded down $0.18 during trading on Friday, hitting $159.48. The company had a trading volume of 517,276 shares, compared to its average volume of 1,394,477. The stock has a market cap of $20.53 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.93 and a beta of 0.64. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The company has a fifty day simple moving average of $155.29 and a two-hundred day simple moving average of $146.51. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42.

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

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.