Cwm LLC Increases Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Cwm LLC boosted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 47.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,411 shares of the aerospace company's stock after buying an additional 2,072 shares during the quarter. Cwm LLC's holdings in Leidos were worth $865,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LDOS. Norges Bank acquired a new stake in Leidos in the fourth quarter worth about $266,419,000. Alliancebernstein L.P. boosted its stake in Leidos by 510.6% in the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock worth $144,011,000 after purchasing an additional 835,930 shares in the last quarter. Invesco Ltd. grew its position 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 purchasing an additional 682,532 shares during the last quarter. Renaissance Technologies LLC grew its position in Leidos by 182.2% during the 4th quarter. Renaissance Technologies LLC now owns 496,450 shares of the aerospace company's stock worth $71,519,000 after purchasing an additional 320,500 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Leidos during the 4th quarter valued at approximately $40,402,000. Institutional investors own 76.12% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Truist Financial dropped their price objective on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the company a "buy" rating in a report on Tuesday, June 24th. Citigroup reiterated a "buy" rating and set a $190.00 price objective (up previously from $186.00) on shares of Leidos in a research note on Monday, July 14th. Wells Fargo & Company upped their target price on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada raised their target price on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $175.15.

Insider Buying and Selling

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the business'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 completion of the transaction, the director owned 20,195 shares in the company, valued at $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.69% of the stock is owned by company insiders.

Leidos Price Performance

Leidos stock opened at $161.32 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. 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. The company has a 50-day moving average price of $154.54 and a 200 day moving average price of $145.63. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.50. The company 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.29 earnings per share. Sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

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

Want to see what other hedge funds are holding LDOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leidos Holdings, Inc. (NYSE:LDOS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.