Washington Harbour Partners LP Takes Position in Leidos Holdings, Inc. (NYSE:LDOS)

Washington Harbour Partners LP purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,950 shares of the aerospace company's stock, valued at approximately $1,577,000. Leidos accounts for approximately 2.9% of Washington Harbour Partners LP's holdings, making the stock its 17th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in LDOS. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Leidos in the 4th quarter valued at $25,000. Duncker Streett & Co. Inc. purchased a new stake in Leidos in the 4th quarter valued at about $27,000. Berbice Capital Management LLC acquired a new position in Leidos in the fourth quarter valued at about $29,000. Mather Group LLC. boosted its stake in Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock worth $38,000 after buying an additional 156 shares during the period. Finally, Human Investing LLC acquired a new stake in shares of Leidos during the fourth quarter valued at about $52,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos 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 transaction, the director now directly owns 20,195 shares of the company's stock, valued at $3,121,137.25. The trade was a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.96% of the stock is owned by company insiders.

Leidos Trading Up 0.3%

NYSE LDOS opened at $159.43 on Tuesday. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The firm has a 50 day moving average of $142.74 and a two-hundred day moving average of $148.22. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $20.52 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65.

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 for the quarter, compared to analyst estimates of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Leidos's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.29 earnings per share. As a group, research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The business 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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Monday, June 16th. Leidos's payout ratio is 16.10%.

Wall Street Analyst Weigh In

LDOS has been the topic of several recent analyst reports. Truist Financial decreased 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. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. StockNews.com downgraded Leidos from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 30th. Wells Fargo & Company raised their target price on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Royal Bank of Canada boosted their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Leidos presently has a consensus rating of "Moderate Buy" and a consensus price target of $180.69.

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.

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