Empowered Funds LLC Buys 72,456 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Empowered Funds LLC lifted its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 2,141.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,840 shares of the aerospace company’s stock after acquiring an additional 72,456 shares during the period. Empowered Funds LLC’s holdings in Leidos were worth $10,926,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB boosted its stake in shares of Leidos by 6.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,030 shares of the aerospace company’s stock worth $292,000 after acquiring an additional 120 shares during the period. Realta Investment Advisors boosted its stake in Leidos by 5.1% during the fourth quarter. Realta Investment Advisors now owns 3,227 shares of the aerospace company’s stock valued at $475,000 after buying an additional 157 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Leidos during the fourth quarter valued at approximately $79,000. Lecap Asset Management Ltd. bought a new position in Leidos during the fourth quarter valued at approximately $3,724,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Leidos by 2.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,718 shares of the aerospace company’s stock valued at $2,120,000 after buying an additional 340 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Up 1.1 %

Shares of NYSE:LDOS opened at $142.34 on Friday. Leidos Holdings, Inc. has a 52-week low of $112.53 and a 52-week high of $202.90. The stock has a market cap of $18.99 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66. The business’s 50 day moving average is $149.74 and its 200 day moving average is $157.71. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.12%. Leidos’s dividend payout ratio (DPR) is currently 18.22%.

Analyst Ratings Changes

A number of equities analysts recently commented on LDOS shares. Citigroup increased their price target on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and dropped their price target for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. UBS Group started coverage on Leidos in a research note on Monday, December 2nd. They set a “neutral” rating and a $182.00 price target for the company. Cantor Fitzgerald assumed coverage on Leidos in a research note on Friday. They set an “overweight” rating and a $185.00 price target for the company. Finally, Truist Financial decreased their price objective on Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $179.47.

Insider Buying and Selling

In related news, Director Noel B. Geer bought 2,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average price of $161.13 per share, with a total value of $322,260.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $322,260. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is owned by 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.