Harvest Fund Management Co. Ltd Invests $61,000 in Leidos Holdings, Inc. (NYSE:LDOS)

Harvest Fund Management Co. Ltd acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 560 shares of the aerospace company’s stock, valued at approximately $61,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Leidos by 1.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,858 shares of the aerospace company’s stock worth $1,001,000 after purchasing an additional 122 shares during the period. Signaturefd LLC lifted its position in shares of Leidos by 9.3% during the 3rd quarter. Signaturefd LLC now owns 1,592 shares of the aerospace company’s stock valued at $147,000 after acquiring an additional 135 shares during the last quarter. Covestor Ltd lifted its position in shares of Leidos by 10.5% during the 3rd quarter. Covestor Ltd now owns 1,444 shares of the aerospace company’s stock valued at $133,000 after acquiring an additional 137 shares during the last quarter. New York Life Investment Management LLC lifted its position in shares of Leidos by 0.8% during the 3rd quarter. New York Life Investment Management LLC now owns 19,735 shares of the aerospace company’s stock valued at $1,819,000 after acquiring an additional 148 shares during the last quarter. Finally, Hohimer Wealth Management LLC lifted its position in shares of Leidos by 1.0% during the 3rd quarter. Hohimer Wealth Management LLC now owns 16,257 shares of the aerospace company’s stock valued at $1,498,000 after acquiring an additional 160 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Performance

Shares of Leidos stock opened at $130.50 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.34 and a quick ratio of 1.24. The firm has a market cap of $17.63 billion, a P/E ratio of 91.47, a P/E/G ratio of 1.78 and a beta of 0.70. The firm has a 50 day simple moving average of $127.46 and a 200 day simple moving average of $113.44. Leidos Holdings, Inc. has a fifty-two week low of $76.58 and a fifty-two week high of $131.50.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.25. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.81 billion. Leidos had a net margin of 1.29% and a return on equity of 22.92%. Leidos’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.83 earnings per share. Sell-side analysts predict that Leidos Holdings, Inc. will post 7.77 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given 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 dividend yield of 1.16%. Leidos’s dividend payout ratio is 107.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LDOS shares. Wells Fargo & Company increased their price objective on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. 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 increased their target price on shares of Leidos from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Royal Bank of Canada increased their target price on shares of Leidos from $105.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. Finally, TheStreet upgraded shares of Leidos from a “c” rating to a “b” rating in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.42.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 2,745 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the sale, the director now directly owns 11,352 shares of the company’s stock, valued at approximately $1,413,210.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Gary Stephen May sold 2,745 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the sale, the director now directly owns 11,352 shares of the company’s stock, valued at approximately $1,413,210.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David G. Fubini sold 7,874 shares of the business’s 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 in the company, valued at $1,879,471.44. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

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.