Harvest Fund Management Co. Ltd Makes New Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Harvest Fund Management Co. Ltd acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 560 shares of the aerospace company’s stock, valued at approximately $61,000.

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

Leidos Price Performance

Shares of Leidos stock opened at $130.50 on Friday. Leidos Holdings, Inc. has a 52-week low of $76.58 and a 52-week high of $131.50. The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of 91.47, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. The company has a fifty day moving average of $127.46 and a 200-day moving average of $113.44. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.24 and a current ratio of 1.34.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.25. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the prior year, the company earned $1.83 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. Equities research analysts expect that Leidos Holdings, Inc. will post 7.77 EPS for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.16%. Leidos’s dividend payout ratio is currently 107.04%.

Wall Street Analysts Forecast Growth

LDOS has been the topic of several research reports. TheStreet raised shares of Leidos from a “c” rating to a “b” rating in a research report on Tuesday, February 13th. StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 18th. Robert W. Baird boosted their price target on shares of Leidos from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Truist Financial boosted their price target on shares of Leidos from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, Bank of America boosted their price target on shares of Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.42.

Insider Activity at Leidos

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

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.