Leidos Holdings, Inc. (NYSE:LDOS) Shares Acquired by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors significantly increased its stake in Leidos Holdings, Inc. by 458.1%, acquiring an additional 16,736 shares during the first quarter, bringing its total holdings to 20,389 shares valued at approximately $2.75 million.
• Leidos reported earnings of $2.97 per share for its recent quarter, exceeding estimates and reflecting a 6.8% increase in revenue compared to the previous year.
• Institutional investors currently own 76.12% of Leidos' stock, indicating strong interest in the company among large financial entities.

Arkadios Wealth Advisors lifted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 458.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,389 shares of the aerospace company's stock after acquiring an additional 16,736 shares during the period. Arkadios Wealth Advisors' holdings in Leidos were worth $2,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in LDOS. Pacer Advisors Inc. lifted its stake in shares of Leidos by 3,450.0% in the first quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company's stock valued at $95,012,000 after buying an additional 684,272 shares in the last quarter. Invesco Ltd. increased its position in Leidos by 35.0% in the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after buying an additional 682,532 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Leidos by 29.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company's stock worth $315,250,000 after buying an additional 536,452 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Leidos by 130.3% during the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company's stock valued at $96,001,000 after acquiring an additional 402,454 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in Leidos by 262.9% during the 1st quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company's stock worth $62,005,000 after purchasing an additional 332,882 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Price Performance

Shares of NYSE LDOS traded down $0.44 during mid-day trading on Friday, reaching $159.21. The company's stock had a trading volume of 784,043 shares, compared to its average volume of 689,688. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year 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. The stock has a 50-day moving average of $155.43 and a two-hundred day moving average of $146.55. The stock has a market capitalization of $20.49 billion, a P/E ratio of 16.02, a P/E/G ratio of 1.91 and a beta of 0.65.

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

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Leidos's dividend payout ratio is currently 16.10%.

Insiders Place Their Bets

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 stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the sale, the director owned 20,195 shares in the company, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LDOS shares. Truist Financial dropped their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada boosted their price target on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. UBS Group increased their price target on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Citigroup reissued a "buy" rating and set a $190.00 price target (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Leidos from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $175.15.

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.