EP Wealth Advisors LLC Boosts Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

EP Wealth Advisors LLC increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 31.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,974 shares of the aerospace company's stock after purchasing an additional 3,336 shares during the period. EP Wealth Advisors LLC's holdings in Leidos were worth $2,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Concentric Capital Strategies LP purchased a new stake in Leidos during the fourth quarter valued at about $4,074,000. Cornerstone Select Advisors LLC bought a new stake in shares of Leidos in the 4th quarter valued at about $734,000. Cetera Investment Advisers boosted its holdings in Leidos by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 63,635 shares of the aerospace company's stock valued at $9,167,000 after acquiring an additional 4,379 shares during the period. Centiva Capital LP bought a new position in Leidos during the 4th quarter worth approximately $2,667,000. Finally, BOKF NA increased its stake in Leidos by 67.3% in the 4th quarter. BOKF NA now owns 20,863 shares of the aerospace company's stock worth $3,118,000 after purchasing an additional 8,395 shares during the period. Institutional investors own 76.12% of the company's stock.

Analysts Set New Price Targets

LDOS has been the topic of several analyst reports. StockNews.com downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 30th. Truist Financial lowered their price objective on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. UBS Group raised their target price on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday. Royal Bank of Canada upped their price target on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research report on Wednesday. Finally, Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Leidos currently has a consensus rating of "Moderate Buy" and a consensus target price of $180.69.

Insider Buying and Selling

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the transaction, the director now owns 20,195 shares in the company, valued at approximately $3,121,137.25. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the sale, the director now directly owns 6,408 shares of the company's stock, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,889 shares of company stock worth $675,786 in the last 90 days. Insiders own 0.69% of the company's stock.

Leidos Trading Up 0.8 %

NYSE LDOS opened at $155.90 on Friday. The stock's 50 day moving average is $140.16 and its 200 day moving average is $149.45. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $19.99 billion, a PE ratio of 16.87, a P/E/G ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.50. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the prior year, the firm earned $2.29 EPS. The company's revenue was up 6.8% compared to the same quarter last year. Research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. Leidos's payout ratio is 17.32%.

About Leidos

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.

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