Delphi Management Inc. MA Buys New Shares in Leidos Holdings, Inc. (NYSE:LDOS)

Delphi Management Inc. MA purchased a new position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,110 shares of the aerospace company's stock, valued at approximately $1,364,000. Leidos makes up about 1.4% of Delphi Management Inc. MA's holdings, making the stock its 27th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of LDOS. Norges Bank purchased a new stake in shares of Leidos in the fourth quarter worth about $266,419,000. Alliancebernstein L.P. lifted its holdings in shares of Leidos by 510.6% in the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock worth $144,011,000 after buying an additional 835,930 shares in the last quarter. Invesco Ltd. raised its stake in Leidos by 35.0% in the fourth 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 in the last quarter. JPMorgan Chase & Co. raised its stake in Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after purchasing an additional 405,256 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in Leidos by 435.1% in the fourth 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 in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Price Performance

Shares of Leidos stock traded down $6.88 on Monday, reaching $141.64. The company's stock had a trading volume of 2,258,044 shares, compared to its average volume of 1,246,236. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The company has a market capitalization of $18.23 billion, a P/E ratio of 15.33, a PEG ratio of 1.65 and a beta of 0.65. The stock has a 50-day moving average price of $145.89 and a 200-day moving average price of $145.81.

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.50. The company had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The firm's quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.29 EPS. Analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 1.13%. Leidos's dividend payout ratio (DPR) is 16.10%.

Insider Transactions at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction that occurred on 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 now owns 20,195 shares of the company's stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LDOS shares. Robert W. Baird cut shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a report on Tuesday, May 27th. Royal Bank of Canada raised their price objective on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company raised their price objective on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Wall Street Zen lowered Leidos from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. 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. According to MarketBeat, Leidos has a consensus rating of "Moderate Buy" and a consensus target price of $176.46.

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.