First National Advisers LLC Invests $275,000 in Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• First National Advisers LLC acquired 2,041 shares of Leidos Holdings, Inc. valued at approximately $275,000 during the first quarter of the year.
• Institutional investors own 76.12% of Leidos stock, indicating strong institutional interest in the company.
• Leidos reported a $2.97 EPS for the last quarter, surpassing analysts' expectations of $2.47, alongside a revenue of $4.25 billion.

First National Advisers LLC bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,041 shares of the aerospace company's stock, valued at approximately $275,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LDOS. Parallel Advisors LLC raised its position in Leidos by 9.1% in the first quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company's stock worth $131,000 after acquiring an additional 81 shares during the period. Resolute Wealth Strategies LLC boosted its position in shares of Leidos by 1.9% in the first quarter. Resolute Wealth Strategies LLC now owns 5,134 shares of the aerospace company's stock valued at $693,000 after acquiring an additional 97 shares during the period. Global Financial Private Client LLC boosted its position in shares of Leidos by 1.4% in the first quarter. Global Financial Private Client LLC now owns 7,085 shares of the aerospace company's stock valued at $956,000 after acquiring an additional 100 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Leidos by 9.2% in the first quarter. Exchange Traded Concepts LLC now owns 1,273 shares of the aerospace company's stock valued at $172,000 after acquiring an additional 107 shares during the period. Finally, Syon Capital LLC lifted its position in Leidos by 7.8% during the fourth quarter. Syon Capital LLC now owns 1,487 shares of the aerospace company's stock valued at $214,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Stock Down 0.2%

Shares of NYSE:LDOS traded down $0.26 during midday trading on Thursday, reaching $160.79. The company's stock had a trading volume of 316,818 shares, compared to its average volume of 1,396,790. The firm has a market capitalization of $20.70 billion, a P/E ratio of 16.18, a PEG ratio of 1.93 and a beta of 0.64. The firm has a 50 day moving average of $155.27 and a 200-day moving average of $146.46. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.50. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The company had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.11 billion. During the same quarter in the previous year, the business posted $2.29 EPS. Leidos's revenue was up 6.8% compared to the same quarter last year. On average, research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Monday, June 16th. Leidos's dividend payout ratio (DPR) is 16.10%.

Insider Activity 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 stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the sale, the director directly owned 20,195 shares in the company, 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 filing with the Securities & Exchange Commission, 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 commented on LDOS shares. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Royal Bank Of Canada upped their price target on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Truist Financial lowered their price target on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wells Fargo & Company upped their price target on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, UBS Group upped their price target on shares of Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $175.15.

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.