Fullcircle Wealth LLC Makes New Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Fullcircle Wealth LLC purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,761 shares of the aerospace company's stock, valued at approximately $257,000.

Several other hedge funds have also added to or reduced their stakes in LDOS. Marshall & Sterling Wealth Advisors Inc. bought a new position in 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 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 last quarter. Sentry Investment Management LLC purchased a new stake in Leidos during the first quarter valued at $55,000. Smartleaf Asset Management LLC grew its holdings in Leidos by 20.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock valued at $65,000 after purchasing an additional 77 shares during the period. Finally, Wayfinding Financial LLC bought a new position in Leidos during the first quarter valued at approximately $63,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LDOS. Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Robert W. Baird downgraded 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. Truist Financial dropped their price target on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wall Street Zen raised Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, UBS Group increased their target price on 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 given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $177.46.

Insiders Place Their Bets

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the 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 transaction, the director 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.96% of the company's stock.

Leidos Stock Down 1.4%

NYSE LDOS traded down $2.30 on Tuesday, reaching $162.16. The company had a trading volume of 1,053,274 shares, compared to its average volume of 1,276,617. The company's fifty day moving average is $152.50 and its 200-day moving average is $144.52. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The firm has a market capitalization of $20.87 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64.

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

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 0.99%. Leidos's payout ratio is currently 16.10%.

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.