Rice Partnership LLC Acquires Shares of 3,207 Leidos Holdings, Inc. (NYSE:LDOS)

Rice Partnership LLC purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,207 shares of the aerospace company's stock, valued at approximately $433,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Leidos during the 4th quarter worth $25,000. REAP Financial Group LLC boosted its stake in shares of Leidos by 422.2% during the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after acquiring an additional 152 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of Leidos during the 1st quarter worth $55,000. Wayfinding Financial LLC acquired a new stake in shares of Leidos in the first quarter worth $63,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Leidos by 20.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock worth $65,000 after buying an additional 77 shares during the period. 76.12% of the stock is owned by institutional investors.

Leidos Stock Performance

Shares of Leidos stock traded down $0.12 during trading on Monday, reaching $164.44. The company's stock had a trading volume of 1,280,793 shares, compared to its average volume of 1,277,510. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54. The business's fifty day moving average price is $152.12 and its 200-day moving average price is $144.38. The firm has a market cap of $21.17 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last released its 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 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 earned $2.29 earnings per share. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Monday, June 16th. Leidos's dividend payout ratio (DPR) is presently 16.10%.

Analyst Upgrades and Downgrades

LDOS has been the subject of several recent analyst reports. UBS Group raised their target price on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Stifel Nicolaus set a $178.00 target price on Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Truist Financial decreased their target price on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Baird R W cut Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Finally, Wells Fargo & Company raised their target price on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research 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 given a strong buy rating to the stock. According to MarketBeat.com, Leidos currently has a consensus rating of "Moderate Buy" and an average price target of $177.46.

Insiders Place Their Bets

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos 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 sale, the director directly owned 20,195 shares of the company's stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is currently owned by company 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.