Daymark Wealth Partners LLC Has $1.39 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Daymark Wealth Partners LLC increased its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 19.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,321 shares of the aerospace company's stock after purchasing an additional 1,703 shares during the quarter. Daymark Wealth Partners LLC's holdings in Leidos were worth $1,393,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Leidos in the fourth quarter valued at approximately $266,419,000. Alliancebernstein L.P. raised its stake in Leidos by 510.6% during the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock valued at $144,011,000 after purchasing an additional 835,930 shares during the last quarter. Invesco Ltd. raised its stake in Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after purchasing an additional 682,532 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Leidos by 435.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock valued at $67,032,000 after purchasing an additional 377,756 shares during the period. Finally, Teacher Retirement System of Texas grew its position in Leidos by 151.6% in the 4th quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company's stock worth $79,053,000 after purchasing an additional 330,623 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Price Performance

LDOS stock traded up $1.70 during trading on Thursday, hitting $155.66. The company had a trading volume of 1,253,652 shares, compared to its average volume of 1,267,357. 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 company has a fifty day moving average price of $149.53 and a two-hundred day moving average price of $144.11. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The company has a market cap of $20.04 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.85 and a beta of 0.63.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.50. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The firm had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.11 billion. During the same period in the prior year, the firm earned $2.29 earnings per share. The company's quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Monday, June 16th. Leidos's dividend payout ratio is currently 16.10%.

Insider Transactions at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director now directly owns 20,195 shares in the company, 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 this link. Company insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on LDOS shares. Baird R W lowered shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Royal Bank Of Canada boosted their price target on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Stifel Nicolaus set a $178.00 price target on Leidos and gave the company a "buy" rating in a report on Tuesday. Wall Street Zen lowered Leidos from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company upped their target price on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $177.46.

Leidos Company 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.