VCI Wealth Management LLC Makes New Investment in Leidos Holdings, Inc. (NYSE:LDOS)

VCI Wealth Management LLC bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,854 shares of the aerospace company's stock, valued at approximately $655,000.

A number of other institutional investors also recently modified their holdings of LDOS. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Leidos during the fourth quarter worth about $25,000. REAP Financial Group LLC lifted its holdings in 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 during the period. MCF Advisors LLC purchased a new stake in Leidos in the first quarter worth about $27,000. Optimum Investment Advisors lifted its holdings in Leidos by 260.0% in the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock worth $32,000 after buying an additional 169 shares during the period. Finally, Sentry Investment Management LLC purchased a new stake in Leidos in the first quarter worth $55,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Stock Down 0.3%

NYSE LDOS traded down $0.44 during mid-day trading on Thursday, reaching $163.47. The stock had a trading volume of 657,957 shares, compared to its average volume of 1,424,498. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The stock has a market cap of $21.04 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.93 and a beta of 0.64. The company has a fifty day moving average price of $154.96 and a 200 day moving average price of $145.96. 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 announced its quarterly earnings data 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 net margin of 7.87% and a return on equity of 32.62%. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period in the previous year, the business earned $2.29 EPS. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. On average, research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Monday, June 16th. Leidos's dividend payout ratio (DPR) is presently 16.10%.

Insider Buying and Selling

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 shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the sale, the director 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on LDOS shares. Wall Street Zen raised Leidos from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the company a "buy" rating in a research report on Tuesday, June 24th. Truist Financial cut their price objective on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company raised their target price on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Citigroup reissued a "buy" rating and issued a $190.00 price target (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Leidos has a consensus rating of "Moderate Buy" and a consensus target price of $175.15.

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.