1,559 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Acquired by Truvestments Capital LLC

Truvestments Capital LLC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 1,559 shares of the aerospace company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LDOS. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Leidos in the fourth quarter valued at approximately $28,000. Lindbrook Capital LLC grew its position in shares of Leidos by 209.0% in the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after buying an additional 186 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Leidos during the 4th quarter worth $35,000. Tidemark LLC purchased a new stake in Leidos in the fourth quarter valued at $41,000. Finally, Friedenthal Financial acquired a new position in Leidos in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Buying and Selling

In other Leidos news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $150.67, for a total value of $131,836.25. Following the sale, the insider now owns 44,149 shares of the company’s stock, valued at $6,651,929.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on LDOS. JPMorgan Chase & Co. lifted their target price on Leidos from $135.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Royal Bank of Canada lifted their price target on Leidos from $120.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. Barclays increased their price objective on Leidos from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Robert W. Baird lifted their target price on shares of Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Truist Financial reiterated a “buy” rating and issued a $165.00 price target (up previously from $150.00) on shares of Leidos in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and a consensus target price of $149.83.

Leidos Stock Performance

Shares of Leidos stock traded down $2.19 on Friday, reaching $149.83. 1,043,788 shares of the stock were exchanged, compared to its average volume of 767,939. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $20.26 billion, a PE ratio of 64.58, a PEG ratio of 1.57 and a beta of 0.68. Leidos Holdings, Inc. has a 1-year low of $89.22 and a 1-year high of $155.45. The business has a fifty day moving average price of $147.48 and a two-hundred day moving average price of $133.32.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, research 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 declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.01%. Leidos’s dividend payout ratio is currently 65.52%.

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.