Cerity Partners LLC Has $4.65 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Cerity Partners LLC boosted its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 33.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,443 shares of the aerospace company's stock after acquiring an additional 8,654 shares during the quarter. Cerity Partners LLC's holdings in Leidos were worth $4,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Leidos during the fourth quarter worth about $25,000. REAP Financial Group LLC boosted its position in Leidos by 422.2% during the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after acquiring an additional 152 shares during the last quarter. Optimum Investment Advisors grew its stake in shares of Leidos by 260.0% during the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock worth $32,000 after acquiring an additional 169 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Leidos in the first quarter valued at approximately $55,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Leidos in the first quarter worth $63,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the sale, the director owned 20,195 shares in the company, valued at $3,121,137.25. The trade was a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.96% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on LDOS shares. Wall Street Zen raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Royal Bank Of Canada lifted their target price on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. UBS Group increased their price target on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. 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 report on Thursday, May 8th. Finally, Truist Financial cut 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. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $175.15.

Leidos Stock Performance

LDOS traded down $0.14 on Friday, reaching $162.57. The company had a trading volume of 466,332 shares, compared to its average volume of 1,271,468. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The company's fifty day moving average is $154.40 and its 200 day moving average is $145.47. 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 stock has a market cap of $20.93 billion, a P/E ratio of 16.36, a P/E/G ratio of 1.93 and a beta of 0.64.

Leidos (NYSE:LDOS - Get Free Report) last released 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. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the company posted $2.29 EPS. The firm's quarterly revenue was up 6.8% on a year-over-year basis. As a group, analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors 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 (DPR) is presently 16.10%.

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.