Summit Global Investments Has $3.33 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Summit Global Investments grew its position in Leidos Holdings, Inc. (NYSE:LDOS) by 124.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,403 shares of the aerospace company’s stock after purchasing an additional 11,313 shares during the period. Summit Global Investments’ holdings in Leidos were worth $3,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LDOS. Ballentine Partners LLC increased its holdings in Leidos by 3.5% in the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock worth $297,000 after buying an additional 62 shares during the last quarter. Key Financial Inc increased its stake in shares of Leidos by 6.5% during the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock worth $166,000 after purchasing an additional 70 shares during the last quarter. Asahi Life Asset Management CO. LTD. increased its stake in shares of Leidos by 3.2% during the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock worth $372,000 after purchasing an additional 70 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Leidos by 2.9% during the 1st quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock valued at $350,000 after purchasing an additional 76 shares in the last quarter. Finally, Somerset Trust Co lifted 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 purchasing an additional 83 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was 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 owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of the business’s 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 sale, the director now owns 11,264 shares of the company’s stock, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Stock Performance

Shares of NYSE:LDOS opened at $192.63 on Friday. The firm has a market cap of $25.70 billion, a PE ratio of 21.94, a PEG ratio of 1.48 and a beta of 0.68. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The company’s 50 day moving average price is $165.11 and its two-hundred day moving average price is $152.75. Leidos Holdings, Inc. has a 12-month low of $102.21 and a 12-month high of $198.99.

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

Leidos Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 0.83%. Leidos’s dividend payout ratio is presently 17.31%.

Analysts Set New Price Targets

Several research firms recently issued reports on LDOS. Truist Financial upped their price objective on shares of Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Bank of America raised their price target on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their price objective on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. TD Cowen raised their target price on Leidos from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird upped their price target on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $191.23.

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.