Brookstone Capital Management Has $2.67 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Brookstone Capital Management raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 296.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,748 shares of the aerospace company's stock after purchasing an additional 14,770 shares during the quarter. Brookstone Capital Management's holdings in Leidos were worth $2,665,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Leidos in the 4th quarter valued at $25,000. REAP Financial Group LLC lifted its stake in shares of Leidos by 422.2% in the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after acquiring an additional 152 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of Leidos in the 1st quarter valued at $55,000. Smartleaf Asset Management LLC lifted its stake in shares of 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 acquiring an additional 77 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new position in shares of Leidos in the 1st quarter valued at $67,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Trading Down 1.2%

Shares of LDOS stock traded down $1.99 during mid-day trading on Tuesday, hitting $162.47. The company's stock had a trading volume of 143,946 shares, compared to its average volume of 1,490,200. The company's fifty day simple moving average is $152.50 and its 200-day simple moving average is $144.52. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week 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 company has a market cap of $20.91 billion, a PE ratio of 16.35, a P/E/G ratio of 1.99 and a beta of 0.64.

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

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.40 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Leidos's dividend payout ratio is presently 16.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group increased their price target on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada raised their target price on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price for the company. in a research report on Tuesday, May 27th. Wall Street Zen raised Leidos from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Truist Financial lowered their target price on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $177.46.

Insider Activity at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction dated 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 directly owned 20,195 shares in the company, valued at $3,121,137.25. This trade represents a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by corporate insiders.

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.