Castlekeep Investment Advisors LLC Acquires Shares of 5,042 Leidos Holdings, Inc. (NYSE:LDOS)

Castlekeep Investment Advisors LLC bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,042 shares of the aerospace company's stock, valued at approximately $726,000.

Several other hedge funds and other institutional investors have also bought and sold shares of LDOS. Barclays PLC raised its stake in Leidos by 53.1% in the 3rd quarter. Barclays PLC now owns 576,022 shares of the aerospace company's stock worth $93,891,000 after purchasing an additional 199,686 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after buying an additional 405,256 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Leidos by 5.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 28,085 shares of the aerospace company's stock valued at $4,046,000 after buying an additional 1,535 shares in the last quarter. Mutual Advisors LLC raised its position in shares of Leidos by 16.1% in the 4th quarter. Mutual Advisors LLC now owns 2,247 shares of the aerospace company's stock valued at $348,000 after buying an additional 312 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Leidos by 2,138.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,074 shares of the aerospace company's stock valued at $1,451,000 after buying an additional 9,624 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on LDOS. Royal Bank of Canada boosted their target price on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. UBS Group boosted their target price on shares of Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $176.46.

Insider Activity

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the sale, the director now directly owns 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 SEC, which is available through the SEC website. Insiders own 0.96% of the company's stock.

Leidos Trading Down 1.3%

LDOS traded down $1.87 during trading on Thursday, reaching $147.49. 1,818,803 shares of the company's stock were exchanged, compared to its average volume of 1,235,018. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $18.98 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. The firm has a fifty day moving average price of $145.42 and a two-hundred day moving average price of $147.03.

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

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Monday, June 16th. Leidos's dividend payout ratio is currently 16.10%.

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.