Berger Financial Group Inc Purchases 37,231 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• Berger Financial Group Inc significantly increased its holdings in Leidos Holdings, acquiring an additional 37,231 shares, raising its total to 38,771 shares worth $5.23 million.
• Leidos recently reported earnings of $3.21 EPS for the quarter, surpassing analysts' expectations and showing a 2.9% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.40, with an annualized yield of 0.9%, set to be paid on September 30th.

Berger Financial Group Inc grew its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2,417.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 38,771 shares of the aerospace company's stock after acquiring an additional 37,231 shares during the quarter. Berger Financial Group Inc's holdings in Leidos were worth $5,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sowell Financial Services LLC purchased a new position in Leidos during the first quarter worth $267,000. MidWestOne Financial Group Inc. boosted its stake in shares of Leidos by 47.8% during the 4th quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock worth $2,858,000 after purchasing an additional 6,418 shares during the period. SG Americas Securities LLC boosted its stake in shares of Leidos by 263.7% during the 1st quarter. SG Americas Securities LLC now owns 13,706 shares of the aerospace company's stock worth $1,849,000 after purchasing an additional 9,938 shares during the period. Ameriprise Financial Inc. grew its holdings in Leidos by 1.1% during the 4th quarter. Ameriprise Financial Inc. now owns 437,535 shares of the aerospace company's stock valued at $63,026,000 after purchasing an additional 4,903 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Leidos by 2,940.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 2,159 shares of the aerospace company's stock worth $291,000 after purchasing an additional 2,088 shares during the period. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Trading Up 0.7%

Shares of NYSE:LDOS opened at $176.52 on Friday. The company has a market capitalization of $22.65 billion, a PE ratio of 16.68, a P/E/G ratio of 2.00 and a beta of 0.65. The company has a current ratio of 1.62, a quick ratio of 1.42 and a debt-to-equity ratio of 1.06. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90. The business's fifty day simple moving average is $157.62 and its 200-day simple moving average is $147.10.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.58. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the previous year, the company posted $2.63 earnings per share. The firm's revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, September 15th. Leidos's dividend payout ratio (DPR) is 15.12%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LDOS. Royal Bank Of Canada upped their target price on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Stifel Nicolaus set a $178.00 price objective on Leidos and gave the company a "buy" rating in a report on Tuesday, June 24th. Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a research note on Tuesday, May 27th. Citigroup reiterated a "buy" rating and set a $190.00 target price (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Finally, Jefferies Financial Group upgraded shares of Leidos from a "hold" rating to a "buy" rating and upped their price target for the stock from $185.00 to $205.00 in a report on Wednesday. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $179.46.

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.

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