Interchange Capital Partners LLC Purchases Shares of 1,584 Leidos Holdings, Inc. (NYSE:LDOS)

Interchange Capital Partners LLC purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,584 shares of the aerospace company’s stock, valued at approximately $258,000.

Other institutional investors also recently modified their holdings of the company. Ballentine Partners LLC raised its stake in Leidos by 3.5% during the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after purchasing an additional 62 shares during the period. Key Financial Inc raised its stake in Leidos by 6.5% during the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock valued at $166,000 after purchasing an additional 70 shares during the period. Asahi Life Asset Management CO. LTD. raised its stake in Leidos by 3.2% during the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after purchasing an additional 70 shares during the period. Bleakley Financial Group LLC raised its stake in Leidos by 2.9% during the 1st quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock valued at $350,000 after purchasing an additional 76 shares during the period. Finally, Somerset Trust Co raised its stake in Leidos by 3.5% during the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after purchasing an additional 83 shares during the period. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Down 0.1 %

LDOS stock opened at $182.97 on Friday. Leidos Holdings, Inc. has a twelve month low of $100.17 and a twelve month high of $188.36. The company has a market cap of $24.41 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.50 and a beta of 0.70. The business’s 50-day simple moving average is $163.05 and its 200 day simple moving average is $151.19. The company has a quick ratio of 1.11, a current ratio of 1.23 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $2.03 earnings per share. On average, research analysts anticipate that Leidos Holdings, Inc. will post 9.9 earnings per share for the current year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. This is a boost from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. Leidos’s dividend payout ratio (DPR) is currently 17.31%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LDOS. Barclays upped their price target on shares of Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Bank of America upped their price target 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 upped their price target on shares of Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird upped their price target on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Leidos currently has an average rating of “Moderate Buy” and a consensus target price of $187.77.

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.