LSV Asset Management Makes New Investment in Leidos Holdings, Inc. $LDOS

LSV Asset Management acquired a new position in Leidos Holdings, Inc. (NYSE:LDOS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 124,800 shares of the aerospace company’s stock, valued at approximately $23,582,000. LSV Asset Management owned 0.10% of Leidos as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Focus Partners Wealth lifted its position in Leidos by 46.5% in the first quarter. Focus Partners Wealth now owns 3,073 shares of the aerospace company’s stock valued at $415,000 after buying an additional 976 shares during the last quarter. Apollon Wealth Management LLC raised its stake in shares of Leidos by 9.5% in the 2nd quarter. Apollon Wealth Management LLC now owns 1,679 shares of the aerospace company’s stock valued at $265,000 after acquiring an additional 146 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Leidos by 17.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,177 shares of the aerospace company’s stock worth $2,238,000 after acquiring an additional 2,145 shares during the last quarter. CWM LLC boosted its position in shares of Leidos by 86.1% during the 2nd quarter. CWM LLC now owns 11,928 shares of the aerospace company’s stock worth $1,882,000 after purchasing an additional 5,517 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in Leidos by 81.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,714 shares of the aerospace company’s stock valued at $428,000 after purchasing an additional 1,218 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Price Performance

Shares of NYSE LDOS opened at $175.90 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.62 and a quick ratio of 1.50. The company has a market cap of $22.49 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.19 and a beta of 0.59. The stock’s 50-day moving average is $188.17 and its two-hundred day moving average is $186.19. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $205.77.

Analysts Set New Price Targets

A number of research analysts have commented on LDOS shares. Weiss Ratings restated a “buy (b)” rating on shares of Leidos in a research note on Monday, December 29th. Truist Financial reiterated a “buy” rating and issued a $220.00 price objective (up previously from $200.00) on shares of Leidos in a report on Tuesday, November 4th. Royal Bank Of Canada restated an “outperform” rating and set a $230.00 target price on shares of Leidos in a report on Wednesday, November 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $220.00 target price on shares of Leidos in a research report on Wednesday, January 7th. Finally, Wall Street Zen upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus price target of $213.09.

Insider Buying and Selling at Leidos

In related news, insider Elizabeth A. Porter sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $192.21, for a total value of $576,630.00. Following the sale, the insider owned 38,575 shares of the company’s stock, valued at $7,414,500.75. This trade represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.96% of the company’s stock.

Leidos Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.