2,018 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Purchased by ZEGA Investments LLC

ZEGA Investments LLC bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,018 shares of the aerospace company’s stock, valued at approximately $294,000.

Several other institutional investors also recently added to or reduced their stakes in LDOS. Private Advisor Group LLC raised its stake in Leidos by 83.0% during the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock valued at $1,177,000 after purchasing an additional 3,703 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Leidos by 39.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock valued at $1,800,000 after buying an additional 3,534 shares during the last quarter. Fiduciary Trust Co lifted its stake in shares of Leidos by 36.4% in the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock valued at $3,902,000 after buying an additional 6,395 shares during the period. LGT Fund Management Co Ltd. acquired a new stake in Leidos during the fourth quarter worth about $1,979,000. Finally, Rockefeller Capital Management L.P. bought a new position in Leidos during the third quarter valued at about $4,622,000. 76.12% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the transaction, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now directly owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LDOS shares. TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price target on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. William Blair cut shares of Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Finally, Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.07.

Leidos Stock Down 0.9 %

Shares of LDOS stock opened at $133.66 on Friday. The firm’s fifty day moving average price is $139.37 and its two-hundred day moving average price is $154.31. Leidos Holdings, Inc. has a 1 year low of $123.23 and a 1 year high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $17.14 billion, a P/E ratio of 14.46, a PEG ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. On average, equities analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. Leidos’s payout ratio is 17.32%.

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.