Dynasty Wealth Management LLC Buys Shares of 6,045 Leidos Holdings, Inc. (NYSE:LDOS)

Dynasty Wealth Management LLC purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,045 shares of the aerospace company’s stock, valued at approximately $792,000.

Several other hedge funds have also made changes to their positions in LDOS. Raymond James & Associates grew its position in shares of Leidos by 18.6% during the fourth quarter. Raymond James & Associates now owns 245,665 shares of the aerospace company’s stock worth $26,591,000 after acquiring an additional 38,496 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Leidos by 5.3% during the fourth quarter. Ritholtz Wealth Management now owns 5,164 shares of the aerospace company’s stock worth $559,000 after purchasing an additional 258 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Leidos by 43.1% during the fourth quarter. Global Retirement Partners LLC now owns 604 shares of the aerospace company’s stock worth $66,000 after purchasing an additional 182 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Leidos by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 40,592 shares of the aerospace company’s stock worth $4,394,000 after purchasing an additional 200 shares during the period. Finally, Braun Stacey Associates Inc. acquired a new stake in shares of Leidos during the fourth quarter worth $11,775,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Down 2.0 %

Shares of NYSE:LDOS traded down $2.86 during trading on Wednesday, reaching $143.12. 871,835 shares of the company traded hands, compared to its average volume of 887,867. Leidos Holdings, Inc. has a 1-year low of $89.22 and a 1-year high of $155.45. The firm has a fifty day simple moving average of $147.46 and a 200 day simple moving average of $134.05. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07. The firm has a market cap of $19.35 billion, a P/E ratio of 61.94, a price-to-earnings-growth ratio of 1.58 and a beta of 0.68.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a net margin of 2.04% and a return on equity of 25.66%. Leidos’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.80 earnings per share. Analysts anticipate that Leidos Holdings, Inc. will post 8.75 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.06%. Leidos’s dividend payout ratio is currently 65.52%.

Insider Transactions at Leidos

In other Leidos news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the sale, the insider now directly owns 44,149 shares in the company, valued at $6,651,929.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Robert W. Baird raised their target price on Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Jefferies Financial Group lifted their price target on Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. Wells Fargo & Company boosted their target price on Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Barclays boosted their target price on Leidos from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Finally, Truist Financial reiterated a “buy” rating and set a $165.00 target price (up previously from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Leidos has an average rating of “Moderate Buy” and an average price target of $150.25.

About Leidos

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.