Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by Running Oak Capital LLC

Running Oak Capital LLC grew its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 5.6% in the fourth quarter, Holdings Channel reports. The fund owned 90,618 shares of the aerospace company’s stock after purchasing an additional 4,836 shares during the period. Running Oak Capital LLC’s holdings in Leidos were worth $13,054,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LDOS. Sei Investments Co. raised its position in shares of Leidos by 10.3% during the 2nd quarter. Sei Investments Co. now owns 44,132 shares of the aerospace company’s stock valued at $6,438,000 after buying an additional 4,106 shares during the period. 1832 Asset Management L.P. acquired a new position in shares of Leidos in the 2nd quarter valued at $34,000. Gabelli Funds LLC purchased a new position in shares of Leidos during the 2nd quarter worth $209,000. Public Sector Pension Investment Board increased its position in shares of Leidos by 58.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 6,357 shares of the aerospace company’s stock worth $927,000 after purchasing an additional 2,355 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Leidos by 4.0% in the 2nd quarter. Bank of Montreal Can now owns 108,572 shares of the aerospace company’s stock valued at $16,126,000 after buying an additional 4,143 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Analyst Ratings Changes

Several research 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 research note on Monday, November 4th. Truist Financial dropped their target price on shares of Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a report on Friday, November 22nd. The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. TD Cowen cut Leidos from a “buy” rating to a “hold” rating and dropped their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their price objective on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $179.07.

Insider Activity

In related news, Director Noel B. Geer acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was bought at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $322,260. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the sale, the director now owns 20,001 shares in the company, valued at $3,899,594.97. This trade represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Stock Down 2.0 %

Shares of Leidos stock opened at $145.97 on Friday. Leidos Holdings, Inc. has a 52-week low of $108.95 and a 52-week high of $202.90. The company has a 50 day moving average of $153.95 and a 200 day moving average of $158.23. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $19.48 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.06 and a beta of 0.66.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts forecast that Leidos Holdings, Inc. will post 10.03 EPS for the current fiscal year.

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.