Leidos Holdings, Inc. (NYSE:LDOS) Shares Acquired by City Holding Co.

City Holding Co. lifted its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 124.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 561 shares of the aerospace company’s stock after purchasing an additional 311 shares during the quarter. City Holding Co.’s holdings in Leidos were worth $81,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ballentine Partners LLC grew its stake in shares of Leidos by 3.5% in the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after buying an additional 62 shares during the period. Asahi Life Asset Management CO. LTD. grew its position in Leidos by 3.2% in the third quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock worth $372,000 after acquiring an additional 70 shares during the period. Somerset Trust Co raised its position in Leidos by 3.5% in the third 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 period. Apella Capital LLC lifted 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 purchasing an additional 89 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its holdings in shares of Leidos by 2.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock worth $691,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Buying and Selling at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the transaction, the director now owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. This trade represents a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Noel B. Geer bought 2,000 shares of Leidos stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average cost of $161.13 per share, with a total value of $322,260.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Citigroup upped their price objective on shares of Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company dropped their target price on shares of Leidos from $205.00 to $199.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird upped their price target on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barclays lifted their price objective on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Leidos presently has an average rating of “Moderate Buy” and an average target price of $179.07.

Leidos Stock Up 0.1 %

Shares of Leidos stock opened at $155.19 on Tuesday. Leidos Holdings, Inc. has a 52-week low of $107.73 and a 52-week high of $202.90. The company has a 50 day moving average of $157.02 and a 200 day moving average of $158.10. 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 has a market capitalization of $20.71 billion, a P/E ratio of 17.67, a P/E/G ratio of 0.98 and a beta of 0.66.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping 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 firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts forecast that Leidos Holdings, Inc. will post 10.03 EPS for the current fiscal year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. This is an increase from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, December 16th. Leidos’s dividend payout ratio is 18.22%.

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.