Louisbourg Investments Inc. Has $213,000 Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Louisbourg Investments Inc. decreased its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 93.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,575 shares of the aerospace company's stock after selling 23,631 shares during the quarter. Louisbourg Investments Inc.'s holdings in Leidos were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LDOS. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Leidos in the fourth quarter valued at about $25,000. Duncker Streett & Co. Inc. acquired a new position in Leidos in the fourth quarter valued at about $27,000. REAP Financial Group LLC lifted 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 valued at $27,000 after buying an additional 152 shares during the period. Human Investing LLC acquired a new position in Leidos in the fourth quarter valued at about $52,000. Finally, Sentry Investment Management LLC acquired a new position in Leidos in the first quarter valued at about $55,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Wall Street Analysts Forecast Growth

LDOS has been the topic of several analyst reports. Wells Fargo & Company increased their target price on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Royal Bank of Canada raised their price target on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. UBS Group raised their price target on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Finally, Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $176.46.

Insiders Place Their Bets

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction that occurred on 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 now owns 20,195 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.96% of the company's stock.

Leidos Trading Down 0.7%

NYSE:LDOS opened at $148.08 on Tuesday. 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 business has a 50 day moving average price of $148.21 and a two-hundred day moving average price of $144.50. The company has a market cap of $19.06 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.65 and a beta of 0.63.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results 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 return on equity of 30.93% and a net margin of 7.53%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the firm posted $2.29 EPS. The business's revenue was up 6.8% on a year-over-year basis. As a group, analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

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

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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