SteelPeak Wealth LLC Acquires 19,705 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

SteelPeak Wealth LLC increased its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 1,061.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,562 shares of the aerospace company's stock after acquiring an additional 19,705 shares during the period. SteelPeak Wealth LLC's holdings in Leidos were worth $2,910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in 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 buying an additional 84,003 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Leidos by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock worth $487,649,000 after buying an additional 27,410 shares in the last quarter. Invesco Ltd. lifted its position in shares of Leidos by 35.0% in the 4th 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 in the last quarter. First Trust Advisors LP lifted its position in shares of Leidos by 8.9% in the 4th 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 in the last quarter. Finally, Norges Bank purchased a new stake in shares of Leidos in the 4th quarter valued at approximately $266,419,000. 76.12% of the stock is currently owned by institutional investors.

Leidos Stock Performance

NYSE:LDOS traded down $0.93 during midday trading on Friday, reaching $162.07. The stock had a trading volume of 698,420 shares, compared to its average volume of 1,279,293. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The firm's fifty day simple moving average is $153.69 and its 200-day simple moving average is $145.00. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. The stock has a market capitalization of $20.86 billion, a P/E ratio of 16.30, a PEG ratio of 1.97 and a beta of 0.64.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.11 billion. During the same period last year, the business posted $2.29 EPS. Leidos's revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.40 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Leidos's payout ratio is presently 16.10%.

Analysts Set New Price Targets

LDOS has been the subject of several research analyst reports. Wells Fargo & Company upped their price target 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 downgraded 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 upgraded shares of Leidos from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. UBS Group increased their target price on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Truist Financial cut their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $177.46.

Insider Transactions at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the sale, the director directly owned 20,195 shares in the company, valued at $3,121,137.25. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.96% of the stock is owned by corporate 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.