Interchange Capital Partners LLC Takes Position in Leidos Holdings, Inc. (NYSE:LDOS)

Interchange Capital Partners LLC purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS) in the 3rd quarter, Holdings Channel reports. The firm purchased 1,584 shares of the aerospace company’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners grew its holdings in shares of Leidos by 5.8% in the 1st quarter. Boston Partners now owns 3,430,264 shares of the aerospace company’s stock valued at $449,592,000 after buying an additional 188,458 shares during the period. Millennium Management LLC lifted its position in Leidos by 156.5% in the 2nd quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock valued at $165,356,000 after acquiring an additional 691,575 shares in the last quarter. 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 acquiring an additional 283,558 shares in the last quarter. Panagora Asset Management Inc. lifted its position in Leidos by 39.7% in the 2nd 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 in the last quarter. Finally, AQR Capital Management LLC lifted its position in Leidos by 76.9% in the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock valued at $101,942,000 after acquiring an additional 303,775 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on LDOS shares. TD Cowen boosted their price objective on shares of Leidos from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America boosted their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Truist Financial boosted their price objective on shares of Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday. Robert W. Baird boosted their price target on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Barclays boosted their price target on shares of Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $187.77.

Insider Activity

In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’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 transaction, the director now directly owns 6,408 shares of the company’s stock, valued at $1,185,095.52. This trade 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 at this link. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos 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 of the company’s stock, valued at approximately $1,185,095.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary Stephen May sold 1,000 shares of Leidos 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 completion of the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Leidos Trading Down 0.1 %

NYSE:LDOS opened at $182.97 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.11 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $24.41 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.50 and a beta of 0.70. The firm has a fifty day simple moving average of $163.05 and a two-hundred day simple moving average of $151.19. Leidos Holdings, Inc. has a 12 month low of $100.17 and a 12 month high of $188.36.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping 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 net margin of 7.37% and a return on equity of 30.31%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $2.03 earnings per share. Analysts expect that Leidos Holdings, Inc. will post 9.9 EPS for the current fiscal year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. This is a boost from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, December 13th. Leidos’s dividend payout ratio (DPR) is currently 17.31%.

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.