Chancellor Financial Group WB LP Invests $545,000 in Leidos Holdings, Inc. (NYSE:LDOS)

Chancellor Financial Group WB LP purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,785 shares of the aerospace company's stock, valued at approximately $545,000.

Other institutional investors have also modified their holdings of the company. Verdence Capital Advisors LLC grew its position in shares of Leidos by 4.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock valued at $242,000 after purchasing an additional 77 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Leidos by 20.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock valued at $65,000 after buying an additional 77 shares in the last quarter. Fifth Third Bancorp grew its holdings in Leidos by 3.2% during the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock valued at $394,000 after buying an additional 86 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in Leidos by 2.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company's stock valued at $749,000 after buying an additional 100 shares during the last quarter. Finally, Interchange Capital Partners LLC increased its position in Leidos by 6.7% during the fourth quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company's stock worth $244,000 after buying an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Trading Up 0.6%

LDOS stock traded up $0.92 on Friday, hitting $148.42. 2,289,108 shares of the company were exchanged, compared to its average volume of 1,242,202. The stock has a market capitalization of $19.10 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. The business's fifty day moving average is $145.89 and its two-hundred day moving average is $145.81. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13.

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, topping the consensus estimate of $2.47 by $0.50. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period last year, the company posted $2.29 EPS. The business's quarterly revenue was up 6.8% on a year-over-year basis. As a group, research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. Leidos's dividend payout ratio (DPR) is 16.10%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Truist Financial reduced their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Finally, Robert W. Baird downgraded shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective on the stock. in a research note on Tuesday, May 27th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos currently has a consensus rating of "Moderate Buy" and an average price target of $176.46.

Insider Activity

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the business'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 transaction of $193,187.50. Following the completion of the sale, the director now directly owns 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.96% of the company's stock.

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.