Marks Group Wealth Management Inc Purchases 8,184 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Marks Group Wealth Management Inc raised its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 14.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,990 shares of the aerospace company's stock after buying an additional 8,184 shares during the period. Marks Group Wealth Management Inc's holdings in Leidos were worth $8,635,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LDOS. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Leidos in the 4th quarter worth about $25,000. REAP Financial Group LLC raised its stake in Leidos by 422.2% in the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after buying an additional 152 shares in the last quarter. Optimum Investment Advisors lifted its holdings in Leidos by 260.0% in the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock worth $32,000 after buying an additional 169 shares during the period. Sentry Investment Management LLC bought a new stake in Leidos during the 1st quarter valued at approximately $55,000. Finally, Wayfinding Financial LLC bought a new stake in Leidos during the 1st quarter valued at approximately $63,000. Institutional investors own 76.12% of the company's stock.

Insider Transactions at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction dated 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 owned 20,195 shares of the company's stock, valued at $3,121,137.25. This trade represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.96% of the company's stock.

Leidos Stock Down 0.6%

Shares of LDOS traded down $0.93 on Friday, hitting $162.07. 698,420 shares of the stock traded hands, compared to its average volume of 1,280,556. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The company has a market capitalization of $20.86 billion, a PE ratio of 16.30, a P/E/G ratio of 1.96 and a beta of 0.64. The business has a 50 day simple moving average of $153.69 and a 200 day simple moving average of $144.99. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54.

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.47 by $0.50. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period last year, the business posted $2.29 EPS. The company's revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Monday, June 16th. Leidos's dividend payout ratio (DPR) is 16.10%.

Wall Street Analysts Forecast Growth

LDOS has been the subject of a number of research analyst reports. Robert W. Baird cut Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price for the company. in a research note on Tuesday, May 27th. UBS Group raised their price objective on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. 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. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the company a "buy" rating in a research report on Tuesday, June 24th. Finally, Wells Fargo & Company upped their price objective on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Leidos has a consensus rating of "Moderate Buy" and a consensus target price of $177.46.

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.