Peak Financial Advisors LLC Purchases New Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Peak Financial Advisors LLC purchased a new position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,888 shares of the aerospace company's stock, valued at approximately $2,819,000. Leidos comprises about 1.4% of Peak Financial Advisors LLC's holdings, making the stock its 28th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in LDOS. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Leidos in the 4th quarter valued at about $25,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Leidos in the fourth quarter valued at approximately $27,000. REAP Financial Group LLC raised its holdings in shares of Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after buying an additional 152 shares during the last quarter. Mather Group LLC. boosted its position in shares of Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock worth $38,000 after buying an additional 156 shares during the period. Finally, Human Investing LLC bought a new position in Leidos in the 4th quarter worth approximately $52,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the transaction, the director now directly owns 20,195 shares in the company, valued at $3,121,137.25. This represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.96% of the company's stock.

Leidos Stock Up 0.6%

NYSE:LDOS traded up $0.88 during trading hours on Thursday, hitting $145.30. 988,988 shares of the company's stock traded hands, compared to its average volume of 1,248,556. The stock's fifty day moving average price is $146.39 and its two-hundred day moving average price is $145.66. The firm has a market cap of $18.70 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.65 and a beta of 0.65. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. 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 issued its 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. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The firm's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.29 EPS. On average, research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid 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 1.10%. Leidos's dividend payout ratio (DPR) is presently 16.10%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LDOS shares. Royal Bank of Canada upped their price target on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. William Blair cut shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Robert W. Baird lowered shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target on the stock. in a research report on Tuesday, May 27th. Truist Financial cut their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Wall Street Zen lowered Leidos from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Leidos has an average rating of "Moderate Buy" and a consensus target price of $176.46.

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.