Brookwood Investment Group LLC Invests $1.10 Million in Leidos Holdings, Inc. (NYSE:LDOS)

Brookwood Investment Group LLC acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,148 shares of the aerospace company's stock, valued at approximately $1,099,000.

Several other hedge funds also recently modified their holdings of LDOS. Sowell Financial Services LLC acquired a new position in shares of Leidos in the first quarter valued at $267,000. Invesco Ltd. raised its stake in shares of Leidos by 35.0% in the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after purchasing an additional 682,532 shares in the last quarter. MidWestOne Financial Group Inc. raised its stake in shares of Leidos by 47.8% in the fourth quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock valued at $2,858,000 after purchasing an additional 6,418 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Leidos by 263.7% in the first quarter. SG Americas Securities LLC now owns 13,706 shares of the aerospace company's stock valued at $1,849,000 after purchasing an additional 9,938 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Leidos by 1.1% in the fourth 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 in the last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Trading Down 1.7%

Leidos stock traded down $2.82 during mid-day trading on Monday, hitting $160.43. The stock had a trading volume of 956,913 shares, compared to its average volume of 1,416,466. The stock has a 50-day simple moving average of $155.18 and a two-hundred day simple moving average of $146.18. The stock has a market capitalization of $20.65 billion, a PE ratio of 16.14, a P/E/G ratio of 1.95 and a beta of 0.64. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. 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 (NYSE:LDOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.50. The business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.29 earnings per share. As a group, sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Monday, June 16th. Leidos's dividend payout ratio (DPR) is currently 16.10%.

Insider Transactions at Leidos

In other Leidos 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 transaction of $193,187.50. Following the transaction, the director owned 20,195 shares in the company, valued at approximately $3,121,137.25. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LDOS shares. Citigroup restated a "buy" rating and issued a $190.00 target price (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Stifel Nicolaus set a $178.00 price objective on Leidos and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective for the company. in a research note on Tuesday, May 27th. Truist Financial dropped their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Wells Fargo & Company increased their price objective on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Leidos presently 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.