Csenge Advisory Group Makes New Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Csenge Advisory Group bought a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 2,252 shares of the aerospace company's stock, valued at approximately $314,000.

Several other institutional investors have also made changes to their positions in LDOS. Vanguard Group Inc. boosted its holdings in Leidos by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock worth $2,225,784,000 after purchasing an additional 84,003 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Leidos by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock worth $487,649,000 after purchasing an additional 27,410 shares during the last quarter. Invesco Ltd. boosted its holdings in Leidos by 35.0% during the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after purchasing an additional 682,532 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Leidos by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company's stock worth $315,250,000 after purchasing an additional 536,452 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Leidos by 8.9% during the fourth quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company's stock worth $273,920,000 after purchasing an additional 155,481 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.69% of the company's stock.

Leidos Stock Up 0.4%

LDOS stock opened at $161.32 on Wednesday. The business's 50-day moving average price is $154.54 and its 200-day moving average price is $145.63. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The stock has a market cap of $20.76 billion, a P/E ratio of 16.23, a PEG ratio of 1.93 and a beta of 0.64.

Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.50. The firm had revenue of $4.25 billion for 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 company's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.29 EPS. On average, equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Monday, June 16th. Leidos's payout ratio is 16.10%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Robert W. Baird lowered shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective on the stock. in a research report on Tuesday, May 27th. Citigroup restated a "buy" rating and set a $190.00 price target (up previously from $186.00) on shares of Leidos in a report on Monday, July 14th. Royal Bank Of Canada raised their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. UBS Group raised their price target on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.15.

Leidos 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.

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