Contravisory Investment Management Inc. Has $691,000 Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Contravisory Investment Management Inc. raised its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,796 shares of the aerospace company’s stock after acquiring an additional 95 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Leidos were worth $691,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LDOS. Park Avenue Securities LLC grew its holdings in shares of Leidos by 83.1% during the fourth quarter. Park Avenue Securities LLC now owns 6,064 shares of the aerospace company’s stock valued at $874,000 after buying an additional 2,752 shares during the last quarter. Kathmere Capital Management LLC increased its position in Leidos by 64.3% in the fourth quarter. Kathmere Capital Management LLC now owns 4,439 shares of the aerospace company’s stock worth $640,000 after buying an additional 1,738 shares during the last quarter. Board of the Pension Protection Fund purchased a new position in shares of Leidos in the fourth quarter worth about $908,000. Oak Thistle LLC bought a new stake in Leidos during the 4th quarter valued at $564,000. Finally, Brookstone Capital Management lifted its holdings in Leidos by 16.7% during the 4th quarter. Brookstone Capital Management now owns 4,978 shares of the aerospace company’s stock worth $717,000 after purchasing an additional 714 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Stock Up 1.5 %

LDOS opened at $155.12 on Thursday. The company has a market cap of $20.70 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 0.98 and a beta of 0.66. Leidos Holdings, Inc. has a twelve month low of $107.73 and a twelve month high of $202.90. The company has a 50-day moving average price of $159.42 and a 200 day moving average price of $157.91. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.03 earnings per share. Sell-side analysts expect that Leidos Holdings, Inc. will post 10.03 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.40 dividend. This is an increase from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Monday, December 16th. Leidos’s dividend payout ratio (DPR) is currently 18.22%.

Analysts Set New Price Targets

A number of research firms have weighed in on LDOS. Royal Bank of Canada raised their price target on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Citigroup raised their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price objective on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and decreased their target price for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their price target on Leidos from $205.00 to $199.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.07.

Insider Buying and Selling

In other news, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $3,899,594.97. This represents a 12.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Noel B. Geer purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of $161.13 per share, with a total value of $322,260.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by company insiders.

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.