Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC lessened its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 53.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,857 shares of the aerospace company’s stock after selling 2,151 shares during the quarter. SteelPeak Wealth LLC’s holdings in Leidos were worth $268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Rakuten Securities Inc. lifted its position in Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 146 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Leidos during the third quarter valued at approximately $29,000. Berbice Capital Management LLC acquired a new position in shares of Leidos during the fourth quarter worth $29,000. Northwest Investment Counselors LLC purchased a new position in shares of Leidos in the third quarter valued at $30,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in Leidos during the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LDOS. UBS Group assumed coverage on shares of Leidos in a research report on Monday, December 2nd. They issued a “neutral” rating and a $182.00 price objective for the company. Citigroup raised their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays upped their target price on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Truist Financial decreased their price target on shares of Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Finally, Wells Fargo & Company cut their price target on shares of Leidos from $205.00 to $199.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $179.07.

Leidos Price Performance

LDOS opened at $142.25 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average price is $152.96 and its 200 day moving average price is $158.20. Leidos Holdings, Inc. has a fifty-two week low of $108.97 and a fifty-two week high of $202.90. The firm has a market cap of $18.98 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.06 and a beta of 0.66.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $2.03 EPS. As a group, sell-side analysts expect that Leidos Holdings, Inc. will post 10.03 earnings per share for the current year.

Insider Buying and Selling at Leidos

In other Leidos news, Director Noel B. Geer purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were bought at an average price of $161.13 per share, with a total value of $322,260.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $322,260. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the transaction, the director now directly owns 20,001 shares of the company’s stock, valued at $3,899,594.97. This trade represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company 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.