SteelPeak Wealth LLC Acquires Shares of 4,990 Leidos Holdings, Inc. (NYSE:LDOS)

SteelPeak Wealth LLC acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,990 shares of the aerospace company’s stock, valued at approximately $654,000.

A number of other large investors also recently made changes to their positions in the company. Czech National Bank lifted its position in shares of Leidos by 0.5% during the first quarter. Czech National Bank now owns 24,194 shares of the aerospace company’s stock valued at $3,172,000 after purchasing an additional 111 shares in the last quarter. Assetmark Inc. lifted its position in shares of Leidos by 0.4% during the fourth quarter. Assetmark Inc. now owns 31,662 shares of the aerospace company’s stock valued at $3,427,000 after purchasing an additional 120 shares in the last quarter. Spire Wealth Management lifted its position in shares of Leidos by 2.2% during the fourth quarter. Spire Wealth Management now owns 5,756 shares of the aerospace company’s stock valued at $632,000 after purchasing an additional 125 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Leidos by 2.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 5,378 shares of the aerospace company’s stock valued at $582,000 after purchasing an additional 134 shares in the last quarter. Finally, Chelsea Counsel Co. lifted its position in shares of Leidos by 1.3% during the fourth quarter. Chelsea Counsel Co. now owns 11,079 shares of the aerospace company’s stock valued at $1,199,000 after purchasing an additional 137 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Stock Performance

Shares of LDOS traded down $1.30 during trading hours on Friday, hitting $145.88. The company’s stock had a trading volume of 1,835,241 shares, compared to its average volume of 845,035. The company has a market cap of $19.72 billion, a price-to-earnings ratio of 62.88, a PEG ratio of 1.51 and a beta of 0.69. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24. The business has a 50 day simple moving average of $143.95 and a two-hundred day simple moving average of $127.72. Leidos Holdings, Inc. has a 52-week low of $86.75 and a 52-week high of $151.32.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.59. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.82 billion. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $1.47 earnings per share. On average, equities analysts expect that Leidos Holdings, Inc. will post 8.75 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.04%. Leidos’s dividend payout ratio (DPR) is currently 65.52%.

Insider Activity

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on LDOS shares. Robert W. Baird raised their price target on shares of Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Argus raised their price target on shares of Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Royal Bank of Canada raised their price objective on shares of Leidos from $120.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 1st. Wells Fargo & Company raised their price objective on shares of Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Barclays raised their price objective on shares of Leidos from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.08.

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.