Atomi Financial Group Inc. Buys 138 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Atomi Financial Group Inc. raised its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 8.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,794 shares of the aerospace company’s stock after acquiring an additional 138 shares during the quarter. Atomi Financial Group Inc.’s holdings in Leidos were worth $292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 1832 Asset Management L.P. purchased a new stake in Leidos in the second quarter worth $34,000. Blue Trust Inc. boosted its holdings in shares of Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after buying an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Leidos by 122.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after buying an additional 169 shares during the period. Family Firm Inc. bought a new position in shares of Leidos in the 2nd quarter worth about $60,000. Finally, Tributary Capital Management LLC purchased a new position in Leidos during the 1st quarter valued at about $64,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Activity

In other Leidos news, CEO Thomas Arthur Bell acquired 1,712 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of $145.04 per share, with a total value of $248,308.48. Following the completion of the acquisition, the chief executive officer now owns 22,398 shares in the company, valued at $3,248,605.92. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the company’s 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 completion of the sale, the director now 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Arthur Bell acquired 1,712 shares of the stock in a transaction dated Thursday, August 1st. The shares were bought at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the transaction, the chief executive officer now owns 22,398 shares in the company, valued at approximately $3,248,605.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LDOS shares. Wells Fargo & Company raised their target price on shares of Leidos from $172.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Stifel Nicolaus lifted their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Truist Financial increased their target price on Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Barclays lifted their price target on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $166.92.

Leidos Stock Up 1.6 %

Shares of Leidos stock opened at $167.20 on Friday. Leidos Holdings, Inc. has a twelve month low of $90.30 and a twelve month high of $168.02. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $155.38 and its 200 day moving average is $146.69. The company has a market cap of $22.61 billion, a price-to-earnings ratio of 72.07, a price-to-earnings-growth ratio of 1.50 and a beta of 0.70.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.36. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the firm earned $1.80 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Research analysts anticipate that Leidos Holdings, Inc. will post 8.95 EPS for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.91%. Leidos’s dividend payout ratio is currently 65.52%.

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.