2,140 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Bought by Triad Wealth Partners LLC

Triad Wealth Partners LLC purchased a new position in Leidos Holdings, Inc. (NYSE:LDOS) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,140 shares of the aerospace company’s stock, valued at approximately $308,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LDOS. Smartleaf Asset Management LLC boosted its holdings in Leidos by 20.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company’s stock worth $65,000 after acquiring an additional 77 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Leidos by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock worth $394,000 after acquiring an additional 86 shares in the last quarter. Contravisory Investment Management Inc. boosted its holdings in Leidos by 2.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock worth $691,000 after acquiring an additional 95 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Leidos by 2.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company’s stock worth $749,000 after acquiring an additional 100 shares in the last quarter. Finally, Empirical Finance LLC boosted its holdings in Leidos by 2.3% in the third quarter. Empirical Finance LLC now owns 4,492 shares of the aerospace company’s stock worth $732,000 after acquiring an additional 103 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. TD Cowen downgraded Leidos from a “buy” rating to a “hold” rating and lowered their price target for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. UBS Group lowered their target price on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Truist Financial lowered their target price on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $175.87.

Insider Buying and Selling

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares of the company’s stock, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Stephen May sold 2,128 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the sale, the director now directly owns 11,264 shares of the company’s stock, valued at $1,478,287.36. The trade was a 15.89 % 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 Stock Performance

Shares of LDOS opened at $133.67 on Thursday. 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 business has a 50-day simple moving average of $141.77 and a two-hundred day simple moving average of $155.90. The stock has a market cap of $17.53 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 52 week low of $123.22 and a 52 week high of $202.90.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. On average, analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio is currently 17.32%.

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.