Davis Investment Partners LLC purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,295 shares of the aerospace company's stock, valued at approximately $614,000.
Other hedge funds also recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Leidos in the fourth quarter valued at approximately $25,000. Duncker Streett & Co. Inc. bought a new position in shares of Leidos during the fourth quarter worth approximately $27,000. REAP Financial Group LLC increased its stake in shares of Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after purchasing an additional 152 shares during the period. Human Investing LLC bought a new position in shares of Leidos during the fourth quarter worth approximately $52,000. Finally, Vision Financial Markets LLC bought a new position in shares of Leidos during the fourth quarter worth approximately $57,000. 76.12% of the stock is owned by institutional investors and hedge funds.
Leidos Price Performance
Leidos stock traded up $1.10 during mid-day trading on Friday, reaching $149.12. 1,107,672 shares of the company were exchanged, compared to its average volume of 1,256,652. The company has a fifty day simple moving average of $147.91 and a 200-day simple moving average of $144.89. The firm has a market cap of $19.19 billion, a PE ratio of 16.14, a PEG ratio of 1.65 and a beta of 0.63. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13.
Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating analysts' consensus estimates 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 30.93% and a net margin of 7.53%. The company's revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.
Leidos Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, June 16th. Leidos's dividend payout ratio is presently 16.10%.
Insider Buying and Selling at Leidos
In related news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the sale, the director now owns 20,195 shares of the company's stock, valued at $3,121,137.25. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.69% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on LDOS shares. Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a research note on Tuesday, May 27th. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Truist Financial lowered their target price on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Finally, William Blair lowered Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $176.46.
Check Out Our Latest Stock Analysis on Leidos
About Leidos
(
Free Report)
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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