Kendall Capital Management Takes Position in Leidos Holdings, Inc. (NYSE:LDOS)

Kendall Capital Management acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,205 shares of the aerospace company's stock, valued at approximately $298,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 84,003 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Leidos by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock worth $487,649,000 after buying an additional 27,410 shares in the last quarter. Invesco Ltd. lifted its holdings in Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after buying an additional 682,532 shares in the last quarter. First Trust Advisors LP boosted its position in 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 buying an additional 155,481 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Leidos in the 4th quarter valued at $266,419,000. Institutional investors own 76.12% of the company's stock.

Insider Activity at Leidos

In other 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 transaction, the director owned 20,195 shares in the company, valued at $3,121,137.25. The trade was a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LDOS shares. Wells Fargo & Company upped their price target on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. UBS Group upped their target price 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. Baird R W lowered shares of Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Royal Bank Of Canada lifted their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird lowered shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective on the stock. in a report on Tuesday, May 27th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Leidos has an average rating of "Moderate Buy" and a consensus target price of $177.46.

Leidos Trading Up 2.1%

NYSE LDOS traded up $3.34 during trading on Tuesday, reaching $161.10. 1,151,101 shares of the stock traded hands, compared to its average volume of 1,265,689. 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 cap of $20.74 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.88 and a beta of 0.63. The stock's 50-day moving average price is $150.56 and its 200 day moving average price is $143.95.

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

Leidos Announces Dividend

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