Concentric Capital Strategies LP Acquires Shares of 28,277 Leidos Holdings, Inc. (NYSE:LDOS)

Concentric Capital Strategies LP bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the fourth quarter, HoldingsChannel reports. The firm bought 28,277 shares of the aerospace company’s stock, valued at approximately $4,074,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Leidos by 53.1% in the third quarter. Barclays PLC now owns 576,022 shares of the aerospace company’s stock worth $93,891,000 after buying an additional 199,686 shares in the last quarter. World Investment Advisors LLC raised its holdings in shares of Leidos by 18.3% during the 3rd quarter. World Investment Advisors LLC now owns 3,395 shares of the aerospace company’s stock worth $553,000 after acquiring an additional 526 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Leidos during the 3rd quarter valued at approximately $311,000. Franklin Resources Inc. grew its holdings in shares of Leidos by 30.3% in the third quarter. Franklin Resources Inc. now owns 346,690 shares of the aerospace company’s stock valued at $58,459,000 after purchasing an additional 80,642 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after purchasing an additional 405,256 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LDOS has been the subject of a number of recent research reports. UBS Group dropped their price objective on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. StockNews.com downgraded Leidos from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company cut their price objective on shares of Leidos from $191.00 to $173.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $179.23.

Insider Transactions at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

Leidos Stock Up 4.8 %

Shares of NYSE LDOS opened at $155.03 on Wednesday. The stock has a 50 day moving average price of $138.68 and a 200 day moving average price of $149.59. The firm has a market capitalization of $19.88 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.50. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.29 EPS. Sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. Leidos’s dividend payout ratio is currently 17.32%.

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.