HB Wealth Management LLC Acquires 4,505 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• HB Wealth Management LLC increased its stake in Leidos Holdings, Inc. by 139.4% in the first quarter, now owning 7,736 shares valued at $1,044,000.
• The company reported earnings of $2.97 per share for the latest quarter, surpassing analysts' expectations of $2.47, with a revenue of $4.25 billion.
• Leidos announced a quarterly dividend of $0.40 per share, representing an annual yield of 0.99% and a payout ratio of 16.10%.

HB Wealth Management LLC grew its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 139.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,736 shares of the aerospace company's stock after buying an additional 4,505 shares during the quarter. HB Wealth Management LLC's holdings in Leidos were worth $1,044,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sowell Financial Services LLC purchased a new stake in shares of Leidos during the first quarter worth about $267,000. Invesco Ltd. increased its position in shares of Leidos by 35.0% during the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after purchasing an additional 682,532 shares in the last quarter. MidWestOne Financial Group Inc. increased its position in shares of Leidos by 47.8% during the fourth quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock worth $2,858,000 after purchasing an additional 6,418 shares in the last quarter. SG Americas Securities LLC lifted its position in Leidos by 263.7% during the first quarter. SG Americas Securities LLC now owns 13,706 shares of the aerospace company's stock worth $1,849,000 after buying an additional 9,938 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Leidos by 1.1% during the fourth quarter. Ameriprise Financial Inc. now owns 437,535 shares of the aerospace company's stock worth $63,026,000 after acquiring an additional 4,903 shares during the last quarter. Institutional investors own 76.12% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LDOS shares. Wells Fargo & Company raised their price target on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Baird R W downgraded shares of Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Truist Financial decreased 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. Wall Street Zen raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Finally, Citigroup reiterated a "buy" rating and set a $190.00 target price (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Leidos has an average rating of "Moderate Buy" and an average price target of $175.15.

Leidos Price Performance

Shares of LDOS traded down $0.47 during midday trading on Wednesday, reaching $161.04. The stock had a trading volume of 548,088 shares, compared to its average volume of 732,148. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. The firm's 50 day moving average price is $155.23 and its 200-day moving average price is $146.36. The company has a market capitalization of $20.73 billion, a P/E ratio of 16.20, a P/E/G ratio of 1.93 and a beta of 0.64.

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

Leidos Dividend Announcement

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

Insider Activity

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 20,195 shares of the company's stock, valued at approximately $3,121,137.25. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.96% of the stock is owned by insiders.

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.