Brookstone Capital Management Raises Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Brookstone Capital Management boosted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 296.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Leidos by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock valued at $2,225,784,000 after acquiring an additional 84,003 shares during the period. Geode Capital Management LLC raised its stake in Leidos by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock worth $487,649,000 after acquiring an additional 27,410 shares during the period. Invesco Ltd. raised its stake in Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after acquiring an additional 682,532 shares during the period. First Trust Advisors LP raised its position in shares of Leidos by 8.9% during the fourth quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company's stock valued at $273,920,000 after buying an additional 155,481 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Leidos during the fourth quarter valued at approximately $266,419,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction 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 transaction, the director directly owned 20,195 shares of the company's stock, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.69% of the company's stock.

Leidos Stock Performance

Leidos stock traded down $0.12 during mid-day trading on Monday, hitting $164.44. The company had a trading volume of 1,280,793 shares, compared to its average volume of 1,277,510. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90. The company's fifty day moving average is $152.12 and its 200-day moving average is $144.38. The company has a market capitalization of $21.17 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 1.99 and a beta of 0.64.

Leidos (NYSE:LDOS - Get Free Report) last announced 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. The business 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 business's quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 EPS. Equities research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Monday, June 16th. Leidos's dividend payout ratio is currently 16.10%.

Wall Street Analyst Weigh In

LDOS has been the subject of a number of recent research reports. Robert W. Baird lowered shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price for the company. in a report on Tuesday, May 27th. Baird R W lowered shares of Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Wall Street Zen raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Truist Financial decreased their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Wells Fargo & Company boosted their price target on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Leidos currently has an average rating of "Moderate Buy" and an average price target of $177.46.

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.