Pzena Investment Management LLC Grows Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Pzena Investment Management LLC boosted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,703 shares of the aerospace company's stock after acquiring an additional 7,827 shares during the quarter. Pzena Investment Management LLC owned 0.18% of Leidos worth $31,266,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in shares of Leidos by 9.1% in the 1st quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company's stock worth $131,000 after buying an additional 81 shares during the period. Global Financial Private Client LLC lifted its holdings in shares of Leidos by 1.4% in the 1st quarter. Global Financial Private Client LLC now owns 7,085 shares of the aerospace company's stock worth $956,000 after buying an additional 100 shares during the period. Interchange Capital Partners LLC lifted its holdings in shares of Leidos by 6.7% in the 4th quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company's stock worth $244,000 after buying an additional 106 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Leidos by 9.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,273 shares of the aerospace company's stock worth $172,000 after buying an additional 107 shares during the period. Finally, Syon Capital LLC lifted its holdings in shares of Leidos by 7.8% in the 4th quarter. Syon Capital LLC now owns 1,487 shares of the aerospace company's stock worth $214,000 after buying an additional 108 shares during the period. Hedge funds and other institutional investors own 76.12% of the company's stock.

Analysts Set New Price Targets

LDOS has been the subject of several recent research reports. Royal Bank Of Canada boosted their price target on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. UBS Group boosted their price target on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Truist Financial reduced their price target on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Citigroup reaffirmed a "buy" rating and set a $190.00 target price (up from $186.00) on shares of Leidos in a research report on Monday. Finally, Stifel Nicolaus set a $178.00 target price on Leidos and gave the company a "buy" rating in a research report on Tuesday, June 24th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Leidos currently has an average rating of "Moderate Buy" and a consensus target price of $175.15.

Insider Activity at Leidos

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 completion of the sale, the director owned 20,195 shares of the company's stock, valued at $3,121,137.25. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.96% of the company's stock.

Leidos Price Performance

Shares of NYSE LDOS traded down $0.14 during midday trading on Friday, hitting $162.57. The stock had a trading volume of 466,361 shares, compared to its average volume of 1,271,468. The company has a market capitalization of $20.93 billion, a PE ratio of 16.36, a P/E/G ratio of 1.93 and a beta of 0.64. The stock has a 50 day simple moving average of $154.40 and a 200-day simple moving average of $145.47. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17.

Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating 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 return on equity of 32.62% and a net margin of 7.87%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 earnings per share. On average, sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Leidos's dividend payout ratio is presently 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.