Intact Investment Management Inc. Takes $75,000 Position in Leidos Holdings, Inc. (NYSE:LDOS)

Intact Investment Management Inc. acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 460 shares of the aerospace company’s stock, valued at approximately $75,000.

Other hedge funds also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in Leidos during the 3rd quarter valued at $30,000. 1832 Asset Management L.P. bought a new stake in Leidos during the 2nd quarter valued at $34,000. Blue Trust Inc. increased its stake in Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 201 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in Leidos during the 3rd quarter valued at $46,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Leidos by 122.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Insider Buying and Selling at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company’s stock in a transaction dated 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 directly owns 6,408 shares of the company’s stock, valued at $1,185,095.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the sale, the director now owns 6,408 shares in the company, valued at approximately $1,185,095.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LDOS. Bank of America boosted their price target on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. TD Cowen upped their target price on shares of Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird upped their target price on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial upped their target price on shares of Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Barclays upped 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. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $191.23.

Leidos Price Performance

Shares of NYSE:LDOS opened at $190.07 on Wednesday. The company’s 50-day moving average is $164.36 and its 200 day moving average is $152.46. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The company has a market capitalization of $25.36 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 1.45 and a beta of 0.68. Leidos Holdings, Inc. has a fifty-two week low of $102.21 and a fifty-two week high of $190.25.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating the consensus estimate 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 net margin of 7.37% and a return on equity of 30.31%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.03 earnings per share. On average, equities research analysts forecast that Leidos Holdings, Inc. will post 10.07 earnings per share for the current year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, December 13th. This is an increase from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 0.84%. Leidos’s dividend payout ratio is 17.31%.

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.