Pallas Capital Advisors LLC Takes $264,000 Position in Leidos Holdings, Inc. (NYSE:LDOS)

Pallas Capital Advisors LLC purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,960 shares of the aerospace company's stock, valued at approximately $264,000.

Other hedge funds have also modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Leidos during the fourth quarter worth $25,000. Duncker Streett & Co. Inc. acquired a new position in Leidos during the fourth quarter worth $27,000. REAP Financial Group LLC raised its holdings in Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after purchasing an additional 152 shares during the last quarter. Human Investing LLC acquired a new position in Leidos during the fourth quarter worth $52,000. Finally, Sentry Investment Management LLC purchased a new position in Leidos during the first quarter worth $55,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was 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 directly owns 20,195 shares of the company's stock, 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 through the SEC website. Corporate insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on LDOS shares. William Blair downgraded Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Royal Bank of Canada lifted their price objective on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Robert W. Baird downgraded Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective for the company. in a research report on Tuesday, May 27th. Finally, Wells Fargo & Company lifted their price objective on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $176.46.

Leidos Stock Up 0.7%

NYSE LDOS traded up $1.10 on Friday, hitting $149.12. 1,107,672 shares of the stock traded hands, compared to its average volume of 1,256,652. The company has a market capitalization of $19.19 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.65 and a beta of 0.63. The stock has a 50-day moving average of $147.91 and a 200 day moving average of $144.89. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

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, beating the consensus estimate of $2.47 by $0.50. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The business's revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 earnings per share. As a group, analysts expect 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 will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Monday, June 16th. Leidos's dividend payout ratio (DPR) is presently 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.