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

WESPAC Advisors LLC lifted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 6.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,044 shares of the aerospace company’s stock after purchasing an additional 258 shares during the quarter. WESPAC Advisors LLC’s holdings in Leidos were worth $659,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Millennium Management LLC grew its position in Leidos by 156.5% in the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock valued at $165,356,000 after purchasing an additional 691,575 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Leidos by 1,184.3% in the second quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock valued at $73,213,000 after acquiring an additional 462,792 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Leidos by 24,194.3% during the third quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock worth $61,459,000 after acquiring an additional 375,495 shares in the last quarter. AQR Capital Management LLC boosted its position in Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock valued at $101,942,000 after purchasing an additional 303,775 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Leidos by 138.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company’s stock valued at $67,840,000 after purchasing an additional 300,486 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Noel B. Geer purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $322,260. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the sale, the director now directly 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 disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Leidos Stock Performance

NYSE:LDOS opened at $165.51 on Friday. The stock has a 50 day simple moving average of $170.36 and a 200 day simple moving average of $156.24. The stock has a market cap of $22.08 billion, a P/E ratio of 18.85, a PEG ratio of 1.11 and a beta of 0.68. Leidos Holdings, Inc. has a 1-year low of $105.52 and a 1-year high of $202.90. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87.

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

Leidos Increases Dividend

The firm also recently announced 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. The ex-dividend date is Monday, December 16th. This is a boost from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. Leidos’s dividend payout ratio (DPR) is currently 17.31%.

Analyst Ratings Changes

LDOS has been the topic of a number of analyst reports. Barclays upped their price objective on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their price target 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. Royal Bank of Canada lifted their price objective on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Robert W. Baird upped their target price on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price target on Leidos from $183.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Two 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 stock. Based on data from MarketBeat, Leidos presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.69.

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.