Running Oak Capital LLC Purchases 24,848 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Running Oak Capital LLC grew its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 27.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,466 shares of the aerospace company's stock after purchasing an additional 24,848 shares during the quarter. Leidos comprises approximately 1.9% of Running Oak Capital LLC's portfolio, making the stock its 22nd biggest holding. Running Oak Capital LLC owned 0.09% of Leidos worth $15,581,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Leidos in the fourth quarter worth about $25,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Leidos in the fourth quarter worth about $27,000. REAP Financial Group LLC lifted its holdings in shares of Leidos by 422.2% in the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after buying an additional 152 shares in the last quarter. Vision Financial Markets LLC bought a new stake in Leidos during the fourth quarter valued at approximately $57,000. Finally, Sentry Investment Management LLC bought a new stake in Leidos during the first quarter valued at approximately $55,000. Institutional investors own 76.12% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on LDOS. Wells Fargo & Company lifted their target price on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Robert W. Baird lowered shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price for the company. in a research report on Tuesday, May 27th. Wall Street Zen lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Baird R W downgraded shares of Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Finally, Truist Financial decreased their price target on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Seven 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $176.46.

Insider Activity

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the sale, the director now owns 20,195 shares in the company, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.69% of the company's stock.

Leidos Trading Up 1.6%

NYSE:LDOS traded up $2.34 during trading hours on Monday, hitting $150.79. The company had a trading volume of 1,185,505 shares, compared to its average volume of 1,265,571. The company has a market capitalization of $19.41 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.80 and a beta of 0.63. The stock has a 50-day moving average price of $148.87 and a 200 day moving average price of $144.07. 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.

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, beating the consensus estimate of $2.47 by $0.50. The business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.11 billion. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.29 earnings per share. On average, equities research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, June 16th. Leidos's dividend payout ratio (DPR) is presently 16.10%.

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.