Axecap Investments LLC Acquires Shares of 23,841 Leidos Holdings, Inc. (NYSE:LDOS)

Axecap Investments LLC acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,841 shares of the aerospace company’s stock, valued at approximately $3,886,000. Leidos comprises about 2.9% of Axecap Investments LLC’s portfolio, making the stock its 6th biggest holding.

A number of other large investors also recently modified their holdings of LDOS. Millennium Management LLC lifted its position in shares of Leidos by 156.5% in the 2nd 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 during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Leidos by 1,184.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock worth $73,213,000 after buying an additional 462,792 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Leidos by 76.9% in the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after buying an additional 303,775 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Leidos by 138.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company’s stock worth $67,840,000 after buying an additional 300,486 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Leidos by 51.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock valued at $136,491,000 after purchasing an additional 283,558 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Thomas Arthur Bell purchased 1,712 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the acquisition, the chief executive officer now owns 22,398 shares in the company, valued at $3,248,605.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Leidos news, CEO Thomas Arthur Bell bought 1,712 shares of Leidos stock in a transaction on Thursday, August 1st. The stock was purchased at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the purchase, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of Leidos stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the sale, the director now owns 7,455 shares of the company’s stock, valued at $1,082,689.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LDOS. Barclays lifted their price objective on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Truist Financial lifted their price objective on shares of Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Wells Fargo & Company lifted their price objective on shares of Leidos from $172.00 to $183.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. TD Cowen raised their target price on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and a consensus price target of $166.92.

Leidos Stock Performance

Shares of LDOS opened at $168.33 on Thursday. Leidos Holdings, Inc. has a one year low of $90.30 and a one year high of $170.15. The company has a 50-day moving average of $159.25 and a two-hundred day moving average of $148.85. The stock has a market cap of $22.76 billion, a price-to-earnings ratio of 72.56, a PEG ratio of 1.51 and a beta of 0.70. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.27 by $0.36. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $1.80 earnings per share. On average, equities research analysts expect that Leidos Holdings, Inc. will post 8.96 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, September 13th. Leidos’s dividend payout ratio is currently 65.52%.

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.