Rhumbline Advisers Acquires 21,848 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Rhumbline Advisers boosted its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 232,046 shares of the aerospace company's stock after buying an additional 21,848 shares during the quarter. Rhumbline Advisers owned 0.18% of Leidos worth $31,312,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after purchasing an additional 405,256 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in Leidos by 2.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company's stock worth $749,000 after purchasing an additional 100 shares during the period. DAVENPORT & Co LLC boosted its stake in Leidos by 328.1% in the 4th quarter. DAVENPORT & Co LLC now owns 12,020 shares of the aerospace company's stock worth $1,722,000 after purchasing an additional 9,212 shares during the period. Mather Group LLC. boosted its stake in shares of Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after buying an additional 156 shares during the period. Finally, 1858 Wealth Management LLC acquired a new stake in shares of Leidos during the 4th quarter valued at $727,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LDOS. Wells Fargo & Company lifted their target price on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Royal Bank of Canada lifted their target price on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. William Blair downgraded shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. UBS Group raised their price target on shares of Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.46.

Leidos Stock Performance

Shares of LDOS traded up $0.88 during midday trading on Thursday, reaching $145.30. The stock had a trading volume of 988,988 shares, compared to its average volume of 1,251,368. The firm has a 50 day simple moving average of $146.39 and a 200-day simple moving average of $145.66. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The firm has a market cap of $18.70 billion, a PE ratio of 15.73, a P/E/G ratio of 1.65 and a beta of 0.65. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter last year, the firm posted $2.29 EPS. The company's quarterly revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts anticipate 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 will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, June 16th. Leidos's payout ratio is 16.10%.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director now owns 20,195 shares of the company's stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.96% of the stock is currently owned by insiders.

Leidos Company 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.