IronOak Wealth LLC. Makes New $883,000 Investment in Leidos Holdings, Inc. (NYSE:LDOS)

IronOak Wealth LLC. purchased a new position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,133 shares of the aerospace company's stock, valued at approximately $883,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Leidos by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock valued at $2,225,784,000 after acquiring an additional 84,003 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after purchasing an additional 405,256 shares during the period. Geode Capital Management LLC grew its stake in shares of Leidos by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock valued at $487,649,000 after purchasing an additional 27,410 shares during the period. Invesco Ltd. grew its stake in shares of Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after purchasing an additional 682,532 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Leidos by 8.9% in the 4th quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company's stock valued at $273,920,000 after purchasing an additional 155,481 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Trading Up 0.6%

NYSE:LDOS traded up $0.92 during trading hours on Friday, hitting $148.42. 2,289,108 shares of the stock were exchanged, compared to its average volume of 1,243,494. The company's 50 day moving average is $145.89 and its two-hundred day moving average is $146.29. 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 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $19.10 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65.

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 for the quarter, beating analysts' consensus estimates of $2.47 by $0.50. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The firm's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.29 EPS. On average, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Monday, June 16th. Leidos's dividend payout ratio (DPR) is currently 16.10%.

Insider Activity

In related 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 value of $193,187.50. Following the completion of the sale, the director now owns 20,195 shares in the company, valued at $3,121,137.25. This represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LDOS shares. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective on the stock. in a research note on Tuesday. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Wells Fargo & Company boosted their target price on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Wall Street Zen downgraded Leidos from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Seven equities research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $176.46.

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.