Clear Harbor Asset Management LLC Has $11.16 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Clear Harbor Asset Management LLC raised its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,439 shares of the aerospace company’s stock after buying an additional 4,781 shares during the quarter. Leidos accounts for about 0.9% of Clear Harbor Asset Management LLC’s holdings, making the stock its 24th biggest position. Clear Harbor Asset Management LLC owned approximately 0.06% of Leidos worth $11,156,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. grew its stake in shares of Leidos by 1,460.0% in the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after buying an additional 146 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Leidos in the third quarter worth approximately $29,000. Northwest Investment Counselors LLC bought a new position in shares of Leidos during the 3rd quarter valued at $30,000. 1832 Asset Management L.P. acquired a new stake in shares of Leidos in the 2nd quarter valued at $34,000. Finally, Kathleen S. Wright Associates Inc. bought a new stake in Leidos in the third quarter worth $46,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Activity

In other news, Director Noel B. Geer acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $322,260. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the sale, the director now owns 20,001 shares in the company, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Leidos Trading Up 0.1 %

Shares of LDOS opened at $155.19 on Tuesday. The stock has a fifty day moving average price of $157.02 and a two-hundred day moving average price of $158.10. 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 company has a market cap of $20.71 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.02 and a beta of 0.66. Leidos Holdings, Inc. has a 52-week low of $107.73 and a 52-week high of $202.90.

Leidos (NYSE:LDOS) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the prior year, the firm earned $2.03 EPS. The company’s revenue was up 6.9% on a year-over-year basis. Analysts predict that Leidos Holdings, Inc. will post 10.03 EPS for the current fiscal year.

Leidos Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have weighed in on LDOS shares. Citigroup raised their target price on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays raised their target price on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price target on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Finally, Royal Bank of Canada increased their target price on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.07.

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.