Leidos Holdings, Inc. (NYSE:LDOS) Shares Acquired by 1858 Wealth Management LLC

1858 Wealth Management LLC increased its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 39.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,054 shares of the aerospace company's stock after acquiring an additional 2,008 shares during the period. 1858 Wealth Management LLC's holdings in Leidos were worth $952,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LDOS. Blue Trust Inc. grew its stake in Leidos by 177.4% during the fourth quarter. Blue Trust Inc. now owns 835 shares of the aerospace company's stock worth $120,000 after buying an additional 534 shares during the period. Principal Securities Inc. grew its stake in Leidos by 50.6% during the fourth quarter. Principal Securities Inc. now owns 792 shares of the aerospace company's stock worth $114,000 after buying an additional 266 shares during the period. Truist Financial Corp grew its stake in Leidos by 8.0% during the fourth quarter. Truist Financial Corp now owns 67,093 shares of the aerospace company's stock worth $9,665,000 after buying an additional 4,952 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of Leidos during the fourth quarter worth $913,000. Finally, Global Retirement Partners LLC lifted its position in shares of Leidos by 405.7% during the fourth quarter. Global Retirement Partners LLC now owns 3,702 shares of the aerospace company's stock worth $533,000 after purchasing an additional 2,970 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Robert W. Baird cut shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a research report on Tuesday, May 27th. Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Finally, Truist Financial reduced their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Leidos presently has an average rating of "Moderate Buy" and a consensus target price of $176.46.

Leidos Stock Up 0.0%

LDOS stock opened at $148.40 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The firm has a fifty day moving average price of $148.87 and a two-hundred day moving average price of $144.20. The firm has a market cap of $19.10 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.80 and a beta of 0.63.

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

Leidos Announces Dividend

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

Insider Activity at Leidos

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction dated 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 transaction, 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.96% of the stock is currently owned by insiders.

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.

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