8,526 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,526 shares of the aerospace company’s stock, valued at approximately $1,228,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. grew its stake in Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 146 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Leidos in the 3rd quarter valued at $29,000. Northwest Investment Counselors LLC bought a new position in shares of Leidos in the third quarter worth $30,000. 1832 Asset Management L.P. purchased a new stake in shares of Leidos in the second quarter worth $34,000. Finally, Kathleen S. Wright Associates Inc. bought a new stake in Leidos during the third quarter valued at $46,000. 76.12% of the stock is currently owned by institutional investors.

Leidos Stock Down 7.6 %

Shares of LDOS stock opened at $148.81 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The stock has a market cap of $19.86 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.06 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 company has a 50 day simple moving average of $154.62 and a two-hundred day simple moving average of $158.29.

Leidos (NYSE:LDOS) last posted its quarterly 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 net margin of 7.37% and a return on equity of 30.31%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the business posted $2.03 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. On average, research analysts expect that Leidos Holdings, Inc. will post 10.03 earnings per share for the current year.

Wall Street Analyst Weigh In

LDOS has been the subject of a number of research analyst reports. Citigroup lifted their price target on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group cut shares of Leidos from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. UBS Group assumed coverage on Leidos in a research report on Monday, December 2nd. They set a “neutral” rating and a $182.00 price target on the stock. Wells Fargo & Company cut their price objective on Leidos from $205.00 to $199.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird upped their target price on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $179.07.

Insider Activity at Leidos

In other Leidos news, Director Noel B. Geer acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average cost of $161.13 per share, with a total value of $322,260.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $322,260. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the transaction, the director now directly owns 20,001 shares in the company, valued at approximately $3,899,594.97. The trade was a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Leidos Company 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.