Leidos Holdings, Inc. (NYSE:LDOS) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,311 shares of the aerospace company’s stock after purchasing an additional 1,111 shares during the period. QRG Capital Management Inc.’s holdings in Leidos were worth $3,963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LDOS. Northwest Investment Counselors LLC acquired a new position in Leidos in the third quarter worth about $30,000. 1832 Asset Management L.P. bought a new stake in shares of Leidos in the 2nd quarter valued at approximately $34,000. Blue Trust Inc. raised its position 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 acquiring an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Leidos by 122.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 169 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in Leidos in the third quarter worth $46,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the transaction, the director now directly owns 6,408 shares in the company, valued at approximately $1,185,095.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares of the company’s stock, valued at $1,185,095.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on LDOS shares. Barclays increased their target price on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday. Bank of America increased their price objective on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Truist Financial lifted their target price on Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, TD Cowen boosted their price objective on Leidos from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and an average price target of $191.23.

Leidos Trading Up 2.2 %

NYSE:LDOS opened at $194.20 on Thursday. The stock has a market cap of $25.91 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.48 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. Leidos Holdings, Inc. has a 1 year low of $102.21 and a 1 year high of $198.99. The business has a fifty day moving average of $165.11 and a 200-day moving average of $152.75.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.97. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.03 earnings per share. Equities analysts predict that Leidos Holdings, Inc. will post 10.07 earnings per share for the current year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.40 per share. This is a boost from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. This represents a $1.60 annualized dividend and a yield of 0.82%. Leidos’s payout ratio is presently 17.31%.

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.