Kathmere Capital Management LLC Increases Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Kathmere Capital Management LLC boosted its position in Leidos Holdings, Inc. (NYSE:LDOS) by 64.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,439 shares of the aerospace company’s stock after buying an additional 1,738 shares during the period. Kathmere Capital Management LLC’s holdings in Leidos were worth $640,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC raised its position in Leidos by 156.5% during the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock worth $165,356,000 after acquiring an additional 691,575 shares during the last quarter. FMR LLC increased its stake in shares of Leidos by 27.8% during the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock worth $392,133,000 after purchasing an additional 522,764 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Leidos by 13.1% during the 3rd 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. International Assets Investment Management LLC lifted its stake in Leidos by 24,194.3% in the 3rd quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock valued at $61,459,000 after buying an additional 375,495 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Leidos by 76.9% during the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock valued at $101,942,000 after buying an additional 303,775 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Performance

Shares of NYSE:LDOS opened at $155.12 on Thursday. The firm has a market capitalization of $20.70 billion, a PE ratio of 17.67, a P/E/G ratio of 1.04 and a beta of 0.66. Leidos Holdings, Inc. has a 12 month low of $107.73 and a 12 month high of $202.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The business has a 50-day moving average of $159.42 and a two-hundred day moving average of $157.91.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. The firm 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 revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 EPS. As a group, research analysts forecast that Leidos Holdings, Inc. will post 9.89 earnings per share for the current year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. This is a boost from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, December 16th. Leidos’s dividend payout ratio is 18.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Robert W. Baird boosted their price target on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Truist Financial reduced their target price on shares of Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Barclays raised their price target on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted 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. Finally, The Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Leidos presently has an average rating of “Moderate Buy” and a consensus price target of $179.07.

Insider Activity at Leidos

In related news, Director Noel B. Geer purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at $322,260. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos 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 sale, the director now owns 6,408 shares in the company, valued at $1,185,095.52. This represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by 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.