Clear Harbor Asset Management LLC Has $11.16 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Clear Harbor Asset Management LLC increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,439 shares of the aerospace company’s stock after buying an additional 4,781 shares during the quarter. Leidos accounts for about 0.9% of Clear Harbor Asset Management LLC’s portfolio, making the stock its 24th biggest holding. Clear Harbor Asset Management LLC’s holdings in Leidos were worth $11,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sugar Maple Asset Management LLC acquired a new position in shares of Leidos during the 4th quarter worth about $259,000. Atwood & Palmer Inc. boosted its position in Leidos by 0.5% during the fourth quarter. Atwood & Palmer Inc. now owns 256,734 shares of the aerospace company’s stock valued at $36,985,000 after purchasing an additional 1,187 shares during the last quarter. Pure Financial Advisors LLC grew its stake in Leidos by 16.6% in the fourth quarter. Pure Financial Advisors LLC now owns 26,980 shares of the aerospace company’s stock valued at $3,887,000 after purchasing an additional 3,840 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in shares of Leidos by 3,500.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,520 shares of the aerospace company’s stock worth $363,000 after purchasing an additional 2,450 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Leidos by 5.4% in the 4th quarter. UMB Bank n.a. now owns 3,763 shares of the aerospace company’s stock valued at $542,000 after buying an additional 194 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Up 0.1 %

NYSE LDOS opened at $155.19 on Tuesday. Leidos Holdings, Inc. has a fifty-two week low of $107.73 and a fifty-two week high of $202.90. The business has a fifty day moving average price of $157.02 and a two-hundred day moving average price of $158.10. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The stock has a market capitalization of $20.71 billion, a PE ratio of 17.67, a PEG ratio of 1.02 and a beta of 0.66.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the firm earned $2.03 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts expect that Leidos Holdings, Inc. will post 10.03 earnings per share for the current fiscal year.

Leidos Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Monday, December 16th. This is a boost from Leidos’s previous quarterly dividend of $0.38. Leidos’s payout ratio is presently 18.22%.

Insider Activity

In related news, Director Noel B. Geer purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of $161.13 per share, with a total value of $322,260.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at approximately $322,260. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the transaction, the director now owns 6,408 shares of the company’s stock, valued at $1,185,095.52. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LDOS has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Leidos from $205.00 to $199.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Citigroup lifted their price target on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada boosted their target price on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.07.

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.