Golden State Equity Partners Makes New $912,000 Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Golden State Equity Partners bought a new position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,762 shares of the aerospace company's stock, valued at approximately $912,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Verdence Capital Advisors LLC boosted its position in shares of Leidos by 4.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock valued at $242,000 after acquiring an additional 77 shares during the period. Smartleaf Asset Management LLC raised its stake in Leidos by 20.4% during the 4th 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 last quarter. Parallel Advisors LLC boosted its holdings in Leidos by 9.1% in the 1st quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company's stock valued at $131,000 after purchasing an additional 81 shares during the period. Global Financial Private Client LLC grew its position in Leidos by 1.4% in the 1st quarter. Global Financial Private Client LLC now owns 7,085 shares of the aerospace company's stock worth $956,000 after purchasing an additional 100 shares during the last quarter. Finally, Interchange Capital Partners LLC increased its holdings in shares of Leidos by 6.7% during the 4th quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company's stock worth $244,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

Analyst Upgrades and Downgrades

LDOS has been the subject of several analyst reports. Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective for the company. in a research note on Tuesday, May 27th. Royal Bank Of Canada boosted their target price on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Truist Financial dropped their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, UBS Group boosted their price target on shares of Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Leidos has an average rating of "Moderate Buy" and a consensus target price of $177.46.

Insiders Place Their Bets

In related news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the transaction, the director now owns 20,195 shares in the company, valued at approximately $3,121,137.25. This trade represents 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. Insiders own 0.96% of the company's stock.

Leidos Stock Up 1.1%

Shares of LDOS traded up $1.70 on Thursday, hitting $155.66. The company's stock had a trading volume of 1,253,652 shares, compared to its average volume of 1,267,357. The firm's fifty day moving average price is $149.53 and its 200-day moving average price is $144.11. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week 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 firm has a market capitalization of $20.04 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 1.85 and a beta of 0.63.

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 expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued 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 1.03%. Leidos's payout ratio is 16.10%.

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.