Heritage Oak Wealth Advisors LLC Takes $263,000 Position in Leidos Holdings, Inc. (NYSE:LDOS)

Heritage Oak Wealth Advisors LLC acquired a new position in Leidos Holdings, Inc. (NYSE:LDOS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,615 shares of the aerospace company’s stock, valued at approximately $263,000.

Other large investors also recently added to or reduced their stakes in the company. Twin Tree Management LP purchased a new position in shares of Leidos during the 1st quarter worth $2,512,000. Allspring Global Investments Holdings LLC lifted its position in Leidos by 51.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock valued at $136,491,000 after purchasing an additional 283,558 shares in the last quarter. Leeward Investments LLC MA grew its holdings in Leidos by 4.9% during the first quarter. Leeward Investments LLC MA now owns 166,069 shares of the aerospace company’s stock valued at $21,770,000 after purchasing an additional 7,703 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in Leidos by 188.2% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company’s stock worth $1,207,000 after buying an additional 5,403 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in Leidos by 97.2% in the first quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock worth $1,692,000 after buying an additional 6,360 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LDOS. Truist Financial increased their target price on shares of Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Wells Fargo & Company increased their price objective on shares of Leidos from $172.00 to $183.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Barclays lifted their target price on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their price target on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Bank of America lifted their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $166.92.

Leidos Stock Down 0.0 %

Shares of NYSE LDOS opened at $168.71 on Friday. Leidos Holdings, Inc. has a 52-week low of $90.30 and a 52-week high of $171.35. The firm has a market capitalization of $22.73 billion, a price-to-earnings ratio of 52.89, a PEG ratio of 1.49 and a beta of 0.70. The stock has a 50 day moving average price of $160.08 and a 200 day moving average price of $149.26. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the firm posted $1.80 earnings per share. Leidos’s revenue for the quarter was up 7.7% compared to the same quarter last year. Sell-side analysts expect that Leidos Holdings, Inc. will post 8.96 earnings per share for the current year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.40 dividend. This is a boost from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Leidos’s dividend payout ratio (DPR) is currently 47.65%.

Insider Buying and Selling

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of Leidos stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $145.23, for a total value of $153,798.57. Following the transaction, the director now directly owns 7,455 shares of the company’s stock, valued at approximately $1,082,689.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Leidos news, CEO Thomas Arthur Bell acquired 1,712 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were purchased at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the purchase, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $145.23, for a total value of $153,798.57. Following the sale, the director now directly owns 7,455 shares in the company, valued at $1,082,689.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company 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.