Leidos Holdings, Inc. (NYSE:LDOS) Shares Purchased by Running Oak Capital LLC

Running Oak Capital LLC lifted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 17.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,124 shares of the aerospace company’s stock after acquiring an additional 11,743 shares during the quarter. Running Oak Capital LLC owned 0.06% of Leidos worth $8,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Leidos in the fourth quarter worth $28,000. Lindbrook Capital LLC lifted its position in Leidos by 209.0% in the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 186 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Leidos in the third quarter valued at $30,000. Friedenthal Financial purchased a new stake in Leidos in the fourth quarter valued at $43,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in Leidos in the third quarter valued at $49,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Leidos

In other news, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the transaction, the director now owns 14,696 shares in the company, valued at approximately $1,879,471.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,745 shares of Leidos stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total transaction of $341,725.05. Following the completion of the transaction, the director now owns 11,352 shares in the company, valued at approximately $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LDOS. Royal Bank of Canada boosted their price target on shares of Leidos from $120.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Barclays raised shares of Leidos from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. TheStreet raised shares of Leidos from a “c” rating to a “b” rating in a research note on Tuesday, February 13th. Wells Fargo & Company increased their price objective on shares of Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Jefferies Financial Group increased their price objective on shares of Leidos from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $141.17.

Leidos Price Performance

Shares of NYSE:LDOS traded up $0.47 during trading on Thursday, hitting $142.66. 1,697,922 shares of the company were exchanged, compared to its average volume of 889,764. The company has a market capitalization of $19.28 billion, a P/E ratio of 61.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.66. Leidos Holdings, Inc. has a 1-year low of $76.58 and a 1-year high of $143.35. The business’s 50 day moving average is $128.44 and its 200-day moving average is $114.73. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, beating the consensus estimate of $1.70 by $0.59. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the business posted $1.47 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts forecast that Leidos Holdings, Inc. will post 8.6 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.38 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.07%. Leidos’s dividend payout ratio is 65.52%.

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.