B. Riley Wealth Advisors Inc. Takes Position in Leidos Holdings, Inc. (NYSE:LDOS)

B. Riley Wealth Advisors Inc. acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 23,941 shares of the aerospace company's stock, valued at approximately $3,449,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Integrated Advisors Network LLC purchased a new stake in shares of Leidos in the 4th quarter valued at $525,000. Ascent Group LLC increased its holdings in Leidos by 41.3% during the 4th quarter. Ascent Group LLC now owns 2,222 shares of the aerospace company's stock worth $320,000 after purchasing an additional 649 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in Leidos during the 4th quarter worth about $726,000. Vise Technologies Inc. increased its holdings in Leidos by 8.6% during the 4th quarter. Vise Technologies Inc. now owns 2,208 shares of the aerospace company's stock worth $318,000 after purchasing an additional 174 shares during the period. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in Leidos during the 4th quarter worth about $225,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Stock Performance

NYSE:LDOS traded up $0.92 during mid-day trading on Friday, reaching $148.42. 2,289,108 shares of the stock were exchanged, compared to its average volume of 1,242,202. The company has a 50 day simple moving average of $145.89 and a 200-day simple moving average of $145.96. The stock has a market capitalization of $19.10 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.65 and a beta of 0.65. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90.

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

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. Leidos's dividend payout ratio (DPR) is currently 16.10%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Royal Bank of Canada upped their price target on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Truist Financial cut their price target on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. William Blair cut Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company increased their price objective on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Seven equities research 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $176.46.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos 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 transaction, the director now directly owns 20,195 shares in the company, valued at approximately $3,121,137.25. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.96% of the company's stock.

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.