Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC lowered its position in Leidos Holdings, Inc. (NYSE:LDOS) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,100 shares of the aerospace company’s stock after selling 14,000 shares during the quarter. Hardman Johnston Global Advisors LLC owned about 0.07% of Leidos worth $14,686,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Millennium Management LLC grew its holdings in Leidos by 156.5% in the 2nd quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock worth $165,356,000 after buying an additional 691,575 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Leidos by 1,184.3% in the second quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock worth $73,213,000 after purchasing an additional 462,792 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Leidos by 24,194.3% in the third quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock worth $61,459,000 after purchasing an additional 375,495 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock valued at $101,942,000 after purchasing an additional 303,775 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Leidos by 138.5% in the first 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 in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

LDOS has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their target price on Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays boosted their price objective on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday. TD Cowen raised their target price on Leidos from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target 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, Robert W. Baird upped their price target on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $191.23.

Insider Activity

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

Leidos Trading Up 2.0 %

Leidos stock opened at $190.07 on Wednesday. Leidos Holdings, Inc. has a 52 week low of $102.21 and a 52 week high of $190.25. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The firm has a market capitalization of $25.36 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 1.45 and a beta of 0.68. The company has a 50 day moving average price of $164.36 and a 200 day moving average price of $152.46.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping the consensus estimate of $1.96 by $0.97. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. Leidos’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.03 earnings per share. Research analysts forecast that Leidos Holdings, Inc. will post 10.07 EPS for the current year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, December 13th. This is a boost from Leidos’s previous quarterly dividend of $0.38. Leidos’s payout ratio is 17.31%.

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.