Migdal Insurance & Financial Holdings Ltd. Sells 2,267 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Migdal Insurance & Financial Holdings Ltd. trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 16.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,233 shares of the aerospace company’s stock after selling 2,267 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Leidos were worth $1,831,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LDOS. Millennium Management LLC lifted its stake in Leidos by 156.5% in the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock valued at $165,356,000 after purchasing an additional 691,575 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Leidos by 1,184.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock valued at $73,213,000 after buying an additional 462,792 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Leidos by 24,194.3% during the 3rd quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock worth $61,459,000 after acquiring an additional 375,495 shares during the period. AQR Capital Management LLC increased its holdings in Leidos by 76.9% in the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after acquiring an additional 303,775 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Leidos by 138.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company’s stock valued at $67,840,000 after acquiring an additional 300,486 shares during the period. 76.12% of the stock is currently owned by institutional investors.

Leidos Price Performance

LDOS traded up $5.79 on Friday, reaching $198.42. The company had a trading volume of 923,187 shares, compared to its average volume of 873,043. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. Leidos Holdings, Inc. has a 52-week low of $102.27 and a 52-week high of $199.11. The company has a market cap of $26.48 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 1.57 and a beta of 0.68. The business has a 50 day simple moving average of $166.61 and a 200 day simple moving average of $153.53.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the business earned $2.03 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.09 EPS for the current year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.40 dividend. This is an increase from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.81%. Leidos’s payout ratio is presently 17.31%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LDOS shares. Truist Financial increased their target price on shares of Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective 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 target price on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Wells Fargo & Company raised their price target on Leidos from $183.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, 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. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $191.23.

Insiders Place Their Bets

In related news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the completion of the transaction, the director now owns 6,408 shares in the company, valued at $1,185,095.52. The trade was 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 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.