Leidos Holdings, Inc. (NYSE:LDOS) Position Raised by Rafferty Asset Management LLC

Rafferty Asset Management LLC increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,460 shares of the aerospace company’s stock after purchasing an additional 1,164 shares during the period. Rafferty Asset Management LLC’s holdings in Leidos were worth $1,795,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Leidos during the fourth quarter worth approximately $25,000. Duncker Streett & Co. Inc. acquired a new position in shares of Leidos in the 4th quarter worth $27,000. Berbice Capital Management LLC acquired a new stake in Leidos during the 4th quarter worth about $29,000. Mather Group LLC. raised its holdings in Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after buying an additional 156 shares during the period. Finally, Human Investing LLC purchased a new stake in Leidos during the fourth quarter valued at about $52,000. Institutional investors own 76.12% of the company’s stock.

Analysts Set New Price Targets

LDOS has been the topic of a number of recent analyst reports. Truist Financial cut their price target on shares of Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, April 14th. William Blair cut shares of Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. UBS Group boosted their target price on shares of Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company lifted their price target on Leidos from $173.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus target price of $180.69.

Leidos Stock Performance

Shares of LDOS stock opened at $160.27 on Wednesday. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The stock’s 50-day moving average is $143.29 and its two-hundred day moving average is $148.31. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The firm has a market cap of $20.63 billion, a P/E ratio of 17.35, a PEG ratio of 1.65 and a beta of 0.65.

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

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. Leidos’s payout ratio is 16.10%.

Insider Activity at Leidos

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the sale, the director now owns 20,195 shares of the company’s stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.96% of the stock is currently owned by company insiders.

Leidos Company 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.