Rossby Financial LCC Takes Position in Leidos Holdings, Inc. (NYSE:LDOS)

Rossby Financial LCC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,663 shares of the aerospace company's stock, valued at approximately $242,000.

Several other institutional investors have also recently modified their holdings of the stock. DAVENPORT & Co LLC raised its stake in Leidos by 18.6% in the 1st quarter. DAVENPORT & Co LLC now owns 14,259 shares of the aerospace company's stock valued at $1,913,000 after purchasing an additional 2,239 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Leidos by 2.8% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,129 shares of the aerospace company's stock worth $2,042,000 after buying an additional 411 shares in the last quarter. Kendall Capital Management acquired a new position in shares of Leidos in the first quarter valued at approximately $298,000. New Wave Wealth Advisors LLC raised its position in shares of Leidos by 22.4% in the first quarter. New Wave Wealth Advisors LLC now owns 2,259 shares of the aerospace company's stock valued at $305,000 after buying an additional 414 shares during the last quarter. Finally, Shilanski & Associates Inc. lifted its stake in shares of Leidos by 2.7% during the first quarter. Shilanski & Associates Inc. now owns 13,297 shares of the aerospace company's stock valued at $1,794,000 after buying an additional 346 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Trading Up 1.3%

Shares of NYSE:LDOS traded up $2.04 during trading on Friday, reaching $164.66. 950,883 shares of the stock were exchanged, compared to its average volume of 1,274,033. The firm's 50-day moving average price is $152.12 and its 200 day moving average price is $144.38. The firm has a market cap of $21.20 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.50. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The firm had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.11 billion. During the same period in the previous year, the company posted $2.29 earnings per share. Leidos's revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. Leidos's dividend payout ratio (DPR) is 16.10%.

Insider Transactions at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director owned 20,195 shares in the company, valued at $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial lowered their target price 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. Baird R W cut Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Robert W. Baird downgraded Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective for the company. in a research report on Tuesday, May 27th. Royal Bank Of Canada increased their target price on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Finally, UBS Group raised their price target on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $177.46.

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.