Dynamic Advisor Solutions LLC Purchases New Shares in Leidos Holdings, Inc. (NYSE:LDOS)

Dynamic Advisor Solutions LLC purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,159 shares of the aerospace company’s stock, valued at approximately $352,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 1832 Asset Management L.P. bought a new position in Leidos in the 2nd quarter valued at about $34,000. Blue Trust Inc. increased its stake in Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 201 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Leidos by 122.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 169 shares in the last quarter. Family Firm Inc. bought a new stake in Leidos during the second quarter worth $60,000. Finally, Tributary Capital Management LLC acquired a new stake in shares of Leidos in the 1st quarter valued at $64,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Price Performance

Shares of LDOS opened at $167.20 on Friday. The business has a 50-day moving average of $155.38 and a 200-day moving average of $146.69. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. The company has a market capitalization 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 Holdings, Inc. has a 1 year low of $90.30 and a 1 year high of $168.02.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (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 firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the company earned $1.80 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that Leidos Holdings, Inc. will post 8.95 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, September 13th. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup boosted their price target on Leidos from $169.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America increased their target price on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Stifel Nicolaus lifted their price target on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 24th. 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 note on Wednesday, October 2nd. Finally, Barclays upped their price target on shares of Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and an average target price of $166.92.

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.