Hobbs Group Advisors LLC Grows Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Hobbs Group Advisors LLC grew its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,561 shares of the aerospace company’s stock after purchasing an additional 222 shares during the period. Hobbs Group Advisors LLC’s holdings in Leidos were worth $945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allstate Corp acquired a new position in Leidos during the 4th quarter valued at approximately $538,000. Horizon Investment Services LLC increased its position in shares of Leidos by 18.6% in the 4th quarter. Horizon Investment Services LLC now owns 15,333 shares of the aerospace company’s stock valued at $2,209,000 after acquiring an additional 2,405 shares during the period. denkapparat Operations GmbH purchased a new position in Leidos in the 4th quarter worth $277,000. Pictet Asset Management Holding SA lifted its position in Leidos by 2.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 65,452 shares of the aerospace company’s stock worth $9,429,000 after acquiring an additional 1,852 shares during the period. Finally, New Age Alpha Advisors LLC grew its stake in Leidos by 2,079.2% during the 4th quarter. New Age Alpha Advisors LLC now owns 2,310 shares of the aerospace company’s stock valued at $333,000 after purchasing an additional 2,204 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Trading Down 1.3 %

Shares of Leidos stock opened at $133.95 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a twelve month low of $123.23 and a twelve month high of $202.90. The firm has a market capitalization of $17.17 billion, a PE ratio of 14.50, a P/E/G ratio of 1.65 and a beta of 0.72. The firm’s 50-day moving average price is $137.51 and its 200 day moving average price is $153.65.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. On average, sell-side analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, March 14th. Leidos’s dividend payout ratio (DPR) is 17.32%.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. The trade was a 19.08 % 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

Several research analysts have recently issued reports on the company. The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and cut their price objective for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. UBS Group decreased their target price on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Finally, William Blair lowered shares of Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $178.07.

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.