VCI Wealth Management LLC Purchases Shares of 4,854 Leidos Holdings, Inc. (NYSE:LDOS)

VCI Wealth Management LLC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,854 shares of the aerospace company's stock, valued at approximately $655,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. MCF Advisors LLC purchased a new stake in shares of Leidos during the first quarter worth about $27,000. Guidance Capital Inc. increased its stake in shares of Leidos by 25.7% in the first quarter. Guidance Capital Inc. now owns 6,897 shares of the aerospace company's stock worth $1,026,000 after buying an additional 1,410 shares during the last quarter. Allianz Asset Management GmbH increased its stake in Leidos by 262.9% during the first quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company's stock valued at $62,005,000 after purchasing an additional 332,882 shares during the last quarter. Heritage Investors Management Corp grew its position in shares of Leidos by 8.9% during the first quarter. Heritage Investors Management Corp now owns 106,545 shares of the aerospace company's stock worth $14,377,000 after acquiring an additional 8,689 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Leidos by 2.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,306 shares of the aerospace company's stock worth $1,391,000 after acquiring an additional 205 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Leidos 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 transaction, the director owned 20,195 shares in the company, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Leidos Price Performance

Shares of NYSE:LDOS traded up $2.66 during trading on Wednesday, reaching $163.94. 605,323 shares of the company traded hands, compared to its average volume of 1,269,738. The company's 50 day moving average is $154.54 and its two-hundred day moving average is $145.63. The firm has a market capitalization of $21.10 billion, a PE ratio of 16.49, a PEG ratio of 1.93 and a beta of 0.64. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90.

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 firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $2.29 earnings per share. As a group, sell-side analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 0.98%. Leidos's dividend payout ratio is currently 16.10%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank Of Canada boosted their price objective on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Robert W. Baird cut 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. 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. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Finally, Citigroup reiterated a "buy" rating and issued a $190.00 price objective (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $175.15.

Leidos 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.