WESPAC Advisors LLC Has $659,000 Stake in Leidos Holdings, Inc. (NYSE:LDOS)

WESPAC Advisors LLC raised its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 6.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,044 shares of the aerospace company’s stock after acquiring an additional 258 shares during the period. WESPAC Advisors LLC’s holdings in Leidos were worth $659,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LDOS. Boston Partners increased its position in shares of Leidos by 5.8% during the 1st quarter. Boston Partners now owns 3,430,264 shares of the aerospace company’s stock worth $449,592,000 after purchasing an additional 188,458 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Leidos by 2.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company’s stock worth $351,007,000 after buying an additional 53,307 shares during the last quarter. Millennium Management LLC increased its holdings in shares of 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 buying an additional 691,575 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Leidos by 51.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock valued at $136,491,000 after acquiring an additional 283,558 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of Leidos by 39.7% in the second quarter. Panagora Asset Management Inc. now owns 782,161 shares of the aerospace company’s stock valued at $114,102,000 after acquiring an additional 222,179 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Price Performance

Shares of LDOS stock opened at $165.51 on Friday. The firm’s 50 day moving average price is $170.36 and its two-hundred day moving average price is $156.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. Leidos Holdings, Inc. has a 52-week low of $105.52 and a 52-week high of $202.90. The stock has a market cap of $22.08 billion, a PE ratio of 18.85, a PEG ratio of 1.11 and a beta of 0.68.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. During the same period last year, the company earned $2.03 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, analysts forecast that Leidos Holdings, Inc. will post 10.04 EPS for the current year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 16th. Leidos’s dividend payout ratio (DPR) is currently 17.31%.

Wall Street Analyst Weigh In

A number of research firms recently commented on LDOS. JPMorgan Chase & Co. increased their price target on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Robert W. Baird increased their target price on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Barclays raised their target price on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. The Goldman Sachs Group upped their price target on shares of Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Truist Financial lowered their price objective on shares of Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $189.69.

Insider Buying and Selling

In related news, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the sale, the director now owns 20,001 shares in the company, valued at $3,899,594.97. This represents a 12.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Noel B. Geer bought 2,000 shares of Leidos stock in a transaction on Wednesday, November 20th. The shares were acquired at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $322,260. This represents a ∞ increase in their position. The disclosure for this purchase 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.