Forum Financial Management LP Buys New Shares in Leidos Holdings, Inc. (NYSE:LDOS)

Forum Financial Management LP bought a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 2,192 shares of the aerospace company's stock, valued at approximately $296,000.

Several other large investors have also recently bought and sold shares of the stock. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Leidos in the 4th quarter valued at $25,000. REAP Financial Group LLC raised its stake in shares of Leidos by 422.2% in the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after buying an additional 152 shares in the last quarter. Optimum Investment Advisors raised its stake in shares of Leidos by 260.0% in the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock valued at $32,000 after buying an additional 169 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of Leidos in the 1st quarter valued at $55,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Leidos in the 1st quarter valued at $63,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Wall Street Zen raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Royal Bank Of Canada boosted their target price on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Wells Fargo & Company boosted their target price on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Robert W. Baird downgraded shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price for the company. in a research note on Tuesday, May 27th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Leidos presently has a consensus rating of "Moderate Buy" and an average price target of $175.15.

Insider Activity at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction 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 sale, the director directly owned 20,195 shares of the company's stock, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Leidos Stock Down 0.1%

Leidos stock opened at $162.57 on Friday. The stock has a market capitalization of $20.93 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.95 and a beta of 0.64. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve 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. The company has a 50 day moving average of $154.54 and a 200-day moving average of $145.61.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share 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 net margin of 7.87% and a return on equity of 32.62%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.29 earnings per share. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal 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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Monday, June 16th. Leidos's dividend payout ratio is presently 16.10%.

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.

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