Leidos Holdings, Inc. (NYSE:LDOS) Shares Acquired by Wealth Alliance

Wealth Alliance grew its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 105.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,126 shares of the aerospace company’s stock after purchasing an additional 1,605 shares during the period. Wealth Alliance’s holdings in Leidos were worth $450,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Leidos by 39.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock valued at $1,800,000 after purchasing an additional 3,534 shares during the period. Fiduciary Trust Co increased its holdings in shares of Leidos by 36.4% in the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock valued at $3,902,000 after purchasing an additional 6,395 shares during the period. Atria Investments Inc increased its holdings in shares of Leidos by 100.1% in the third quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock valued at $1,440,000 after purchasing an additional 4,421 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Leidos by 21.4% in the third quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock valued at $8,992,000 after buying an additional 9,710 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Leidos in the third quarter valued at approximately $4,622,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Performance

Leidos stock opened at $126.66 on Friday. The firm has a market capitalization of $16.61 billion, a P/E ratio of 13.71, a PEG ratio of 1.67 and a beta of 0.66. The stock has a fifty day moving average price of $144.89 and a 200 day moving average price of $156.76. Leidos Holdings, Inc. has a 52 week low of $123.22 and a 52 week high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 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%. Equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.26%. Leidos’s dividend payout ratio is presently 17.32%.

Insiders Place Their Bets

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction dated 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 owns 6,408 shares in the company, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction dated 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 owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LDOS. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday. Citigroup boosted their target price on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. UBS Group decreased their target price on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. TD Cowen downgraded Leidos from a “buy” rating to a “hold” rating and decreased their target price for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Finally, Truist Financial reduced their price objective on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $176.27.

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.