Brooklyn Investment Group Takes $95,000 Position in Leidos Holdings, Inc. (NYSE:LDOS)

Brooklyn Investment Group acquired a new position in Leidos Holdings, Inc. (NYSE:LDOS) during the third quarter, Holdings Channel reports. The firm acquired 581 shares of the aerospace company’s stock, valued at approximately $95,000.

Other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. raised its holdings in shares of Leidos by 1,460.0% in the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 146 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Leidos in the third quarter worth approximately $29,000. Northwest Investment Counselors LLC bought a new position in shares of Leidos in the third quarter valued at $30,000. 1832 Asset Management L.P. acquired a new stake in shares of Leidos during the 2nd quarter valued at $34,000. Finally, Blue Trust Inc. boosted its stake in shares of Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analysts Set New Price Targets

LDOS has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their target price on Leidos from $230.00 to $205.00 and set an “overweight” rating on the stock in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Barclays boosted their price target on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, TD Cowen upped their price target 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. 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

Insider Activity at Leidos

In related news, Director Noel B. Geer purchased 2,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Surya N. Mohapatra sold 2,748 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was 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 owns 20,001 shares of the company’s stock, valued at $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 company insiders.

Leidos Stock Performance

Shares of NYSE LDOS opened at $164.02 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a one year low of $105.52 and a one year high of $202.90. The business’s 50-day moving average price is $170.97 and its two-hundred day moving average price is $156.62. The company has a market capitalization of $21.89 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.10 and a beta of 0.68.

Leidos (NYSE:LDOS) 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 for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.03 earnings per share. Analysts anticipate that Leidos Holdings, Inc. will post 10.04 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 issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio (DPR) is currently 17.31%.

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.