Howard Capital Management Group LLC Acquires 230 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Howard Capital Management Group LLC increased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOSFree Report) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,263 shares of the aerospace company’s stock after purchasing an additional 230 shares during the period. Leidos makes up 2.1% of Howard Capital Management Group LLC’s portfolio, making the stock its 18th biggest position. Howard Capital Management Group LLC owned approximately 0.16% of Leidos worth $30,723,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. lifted its stake in Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after buying an additional 146 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Leidos during the third quarter worth $29,000. Northwest Investment Counselors LLC bought a new stake in Leidos in the 3rd quarter valued at $30,000. 1832 Asset Management L.P. acquired a new position in Leidos in the 2nd quarter worth $34,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in Leidos in the 3rd quarter worth $46,000. Institutional investors own 76.12% of the company’s stock.

Leidos Price Performance

NYSE:LDOS opened at $160.60 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $21.43 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.02 and a beta of 0.66. Leidos Holdings, Inc. has a 12-month low of $108.95 and a 12-month high of $202.90. The stock’s 50 day moving average price is $156.10 and its two-hundred day moving average price is $158.16.

Leidos (NYSE:LDOSGet Free Report) last released its quarterly earnings data 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 firm 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 company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.03 earnings per share. On average, analysts anticipate that Leidos Holdings, Inc. will post 10.03 earnings per share for the current year.

Leidos Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.40 dividend. This is a boost from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Monday, December 16th. Leidos’s dividend payout ratio is currently 18.22%.

Insiders Place Their Bets

In related news, Director Surya N. Mohapatra sold 2,748 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now directly owns 20,001 shares of the company’s stock, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’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 completion of the sale, the director now directly owns 6,408 shares of the company’s stock, valued at $1,185,095.52. This represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on LDOS shares. Robert W. Baird boosted their price target on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company reduced their price target on Leidos from $205.00 to $199.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Truist Financial lowered their price objective on shares of Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. UBS Group initiated coverage on shares of Leidos in a report on Monday, December 2nd. They set a “neutral” rating and a $182.00 target price for the company. Finally, The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and decreased their target price for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.07.

Read Our Latest Report on Leidos

Leidos Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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