Focus Financial Network Inc. Trims Position in Leidos Holdings, Inc. (NYSE:LDOS)

Focus Financial Network Inc. decreased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,652 shares of the aerospace company’s stock after selling 189 shares during the quarter. Focus Financial Network Inc.’s holdings in Leidos were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of LDOS. Financial Advocates Investment Management boosted its holdings in Leidos by 57.8% in the 3rd quarter. Financial Advocates Investment Management now owns 3,601 shares of the aerospace company’s stock valued at $587,000 after purchasing an additional 1,319 shares during the last quarter. Cutter & CO Brokerage Inc. raised its position in shares of Leidos by 5.1% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 2,489 shares of the aerospace company’s stock valued at $406,000 after buying an additional 121 shares during the period. abrdn plc lifted its holdings in Leidos by 30.2% in the third quarter. abrdn plc now owns 68,460 shares of the aerospace company’s stock valued at $11,092,000 after acquiring an additional 15,867 shares during the last quarter. Pallas Capital Advisors LLC acquired a new position in Leidos in the third quarter valued at approximately $364,000. Finally, TCI Wealth Advisors Inc. purchased a new position in Leidos in the third quarter worth approximately $219,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Stock Down 0.1 %

Shares of NYSE:LDOS opened at $182.97 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. Leidos Holdings, Inc. has a fifty-two week low of $100.17 and a fifty-two week high of $188.36. The stock has a market cap of $24.41 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.45 and a beta of 0.68. The firm’s 50 day moving average price is $163.05 and its 200 day moving average price is $151.56.

Leidos (NYSE:LDOS) last issued its 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. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 10.07 earnings per share for the current fiscal 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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Friday, December 13th. This is a positive change from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio (DPR) is 17.31%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group lifted their target price on Leidos from $205.00 to $228.00 and gave the company 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 stock a “buy” rating in a research note on Wednesday, August 7th. Wells Fargo & Company lifted their price target on shares of Leidos from $183.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Citigroup upped their price objective on shares of Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Truist Financial boosted their target price on Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $187.77.

Insider Activity at Leidos

In other Leidos news, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. 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 can be accessed through this link. In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value 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 approximately $1,185,095.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. The trade was 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.

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.