Atria Investments Inc Grows Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Atria Investments Inc raised its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 100.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,837 shares of the aerospace company’s stock after buying an additional 4,421 shares during the period. Atria Investments Inc’s holdings in Leidos were worth $1,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Boston Partners boosted its position in 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 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 purchasing an additional 691,575 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Leidos by 51.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock worth $136,491,000 after purchasing an additional 283,558 shares during the period. Panagora Asset Management Inc. lifted its position in shares of Leidos by 39.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 782,161 shares of the aerospace company’s stock worth $114,102,000 after purchasing an additional 222,179 shares during the period. Finally, 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 purchasing an additional 303,775 shares during the period. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Leidos

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 completion of the sale, the director now directly owns 20,001 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction 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 14.04 % 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.

Analysts Set New Price Targets

LDOS has been the subject of several research reports. The Goldman Sachs Group upped their price target on shares of Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Bank of America increased their target price 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. Barclays increased their target price on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. TD Cowen increased their target price on shares of Leidos from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird upped their price target on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.23.

Leidos Stock Performance

LDOS opened at $160.63 on Friday. 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 company has a market cap of $21.43 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.30 and a beta of 0.68. Leidos Holdings, Inc. has a 52-week low of $104.63 and a 52-week high of $202.90. The firm’s fifty day simple moving average is $169.39 and its two-hundred day simple moving average is $155.25.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $2.03 earnings per share. Equities analysts anticipate that Leidos Holdings, Inc. will post 10.07 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. This is an increase from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, December 13th. Leidos’s dividend payout ratio (DPR) is currently 17.31%.

About Leidos

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.