DAVENPORT & Co LLC Buys 2,239 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

DAVENPORT & Co LLC raised its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 18.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,259 shares of the aerospace company's stock after purchasing an additional 2,239 shares during the period. DAVENPORT & Co LLC's holdings in Leidos were worth $1,913,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in Leidos by 20.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock valued at $65,000 after acquiring an additional 77 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Leidos by 4.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock valued at $242,000 after purchasing an additional 77 shares during the period. Parallel Advisors LLC boosted its position in shares of Leidos by 9.1% during the 1st quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company's stock valued at $131,000 after purchasing an additional 81 shares in the last quarter. Global Financial Private Client LLC grew its stake in Leidos by 1.4% during the first quarter. Global Financial Private Client LLC now owns 7,085 shares of the aerospace company's stock worth $956,000 after purchasing an additional 100 shares during the period. Finally, Interchange Capital Partners LLC increased its holdings in Leidos by 6.7% in the fourth quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company's stock worth $244,000 after purchasing an additional 106 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Leidos

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the business's 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 transaction, the director directly owned 20,195 shares of the company's stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is owned by insiders.

Leidos Stock Up 1.3%

LDOS traded up $2.04 during midday trading on Friday, reaching $164.66. 950,883 shares of the company were exchanged, compared to its average volume of 1,274,033. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. 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 company's fifty day moving average price is $152.12 and its 200 day moving average price is $144.38. The company has a market cap of $21.20 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.99 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 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.50. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. Leidos's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.29 EPS. As a group, analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.97%. Leidos's payout ratio is presently 16.10%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LDOS. Wells Fargo & Company increased their price target on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. UBS Group increased their target price on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Baird R W downgraded shares of Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Wall Street Zen upgraded shares of Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Truist Financial reduced their target price on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Seven 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $177.46.

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.