ORG Wealth Partners LLC Acquires 2,556 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

ORG Wealth Partners LLC increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 383.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,222 shares of the aerospace company's stock after acquiring an additional 2,556 shares during the period. ORG Wealth Partners LLC's holdings in Leidos were worth $435,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position 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 worth $2,225,784,000 after acquiring an additional 84,003 shares in the last quarter. Geode Capital Management LLC increased its stake in Leidos by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock valued at $487,649,000 after acquiring an additional 27,410 shares during the last quarter. Invesco Ltd. increased its stake in Leidos by 35.0% in the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after acquiring an additional 682,532 shares during the last quarter. First Trust Advisors LP increased its stake in Leidos by 8.9% in the fourth quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company's stock valued at $273,920,000 after acquiring an additional 155,481 shares during the last quarter. Finally, Norges Bank bought a new position in Leidos in the fourth quarter valued at $266,419,000. 76.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LDOS shares. Truist Financial reduced their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company raised their price objective on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. UBS Group raised their price objective on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.46.

Insider Activity

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

Leidos Trading Down 0.7%

NYSE:LDOS opened at $148.29 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The company has a market cap of $19.09 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.82 and a beta of 0.63. The company has a 50 day simple moving average of $148.57 and a two-hundred day simple moving average of $144.56.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results 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 net margin of 7.87% and a return on equity of 32.62%. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. The firm's revenue was up 6.8% on a year-over-year basis. Research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 is Monday, June 16th. Leidos's dividend payout ratio is 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.

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