Leidos Holdings, Inc. (NYSE:LDOS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 15,300.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 233,311 shares of the aerospace company's stock after acquiring an additional 231,796 shares during the quarter. GAMMA Investing LLC owned approximately 0.18% of Leidos worth $31,483,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Leidos during the 4th quarter worth $25,000. Duncker Streett & Co. Inc. acquired a new stake in Leidos during the 4th quarter worth $27,000. REAP Financial Group LLC boosted its stake in Leidos by 422.2% during the 4th 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. Mather Group LLC. boosted its stake in Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock worth $38,000 after purchasing an additional 156 shares during the last quarter. Finally, Human Investing LLC acquired a new stake in Leidos during the 4th quarter worth $52,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Trading Up 0.6%

NYSE:LDOS traded up $0.88 on Thursday, reaching $145.30. 988,988 shares of the company's stock were exchanged, compared to its average volume of 1,251,368. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $18.70 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. The business has a fifty day moving average of $146.39 and a 200-day moving average of $145.66. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last issued 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. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.11 billion. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 earnings per share. As a group, analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. Leidos's dividend payout ratio (DPR) is presently 16.10%.

Wall Street Analyst Weigh In

LDOS has been the topic of several recent research reports. Royal Bank of Canada lifted 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. Truist Financial dropped their price objective 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. Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. UBS Group upped their price objective on shares of Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Leidos currently has an average rating of "Moderate Buy" and an average price target of $176.46.

Insiders Place Their Bets

In related 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.96% of the company's stock.

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.