Lee Johnson Capital Management LLC Invests $4.37 Million in Leidos Holdings, Inc. (NYSE:LDOS)

Lee Johnson Capital Management LLC purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,784 shares of the aerospace company’s stock, valued at approximately $4,366,000. Leidos accounts for about 2.2% of Lee Johnson Capital Management LLC’s holdings, making the stock its 8th largest position.

Other hedge funds have also made changes to their positions in the company. Key Financial Inc lifted its position in shares of Leidos by 6.5% in the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock worth $166,000 after acquiring an additional 70 shares during the period. Bleakley Financial Group LLC increased its holdings in Leidos by 2.9% in the 1st quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock valued at $350,000 after buying an additional 76 shares during the period. Somerset Trust Co raised its stake in shares of Leidos by 3.5% in the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after buying an additional 83 shares in the last quarter. Apella Capital LLC raised its stake in shares of Leidos by 0.8% in the 3rd quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock valued at $1,878,000 after buying an additional 89 shares in the last quarter. Finally, Fulton Bank N.A. lifted its holdings in shares of Leidos by 3.2% during the 3rd quarter. Fulton Bank N.A. now owns 3,358 shares of the aerospace company’s stock worth $547,000 after acquiring an additional 105 shares during the period. 76.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LDOS shares. Barclays increased their target price on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Wells Fargo & Company raised their target price on Leidos from $172.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. TD Cowen raised their price objective on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada raised their price target on shares of Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.92.

Leidos Trading Up 0.7 %

Shares of LDOS traded up $1.17 during trading hours on Friday, reaching $169.52. The stock had a trading volume of 579,795 shares, compared to its average volume of 852,110. The firm has a 50-day moving average of $157.88 and a 200 day moving average of $148.02. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The company has a market cap of $22.92 billion, a P/E ratio of 73.07, a P/E/G ratio of 1.51 and a beta of 0.70. Leidos Holdings, Inc. has a 52 week low of $90.30 and a 52 week high of $170.08.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.36. The business had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. Leidos’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.80 EPS. On average, sell-side analysts expect that Leidos Holdings, Inc. will post 8.95 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.38 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 0.90%. Leidos’s dividend payout ratio is currently 65.52%.

Insider Activity at Leidos

In other Leidos news, CEO Thomas Arthur Bell bought 1,712 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $145.04 per share, with a total value of $248,308.48. Following the completion of the transaction, the chief executive officer now owns 22,398 shares in the company, valued at approximately $3,248,605.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Thomas Arthur Bell purchased 1,712 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the purchase, the chief executive officer now directly owns 22,398 shares in the company, valued at $3,248,605.92. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their position. 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.