Naples Global Advisors LLC Buys 1,221 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Naples Global Advisors LLC increased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,504 shares of the aerospace company’s stock after acquiring an additional 1,221 shares during the period. Naples Global Advisors LLC’s holdings in Leidos were worth $7,355,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Leidos by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company’s stock valued at $2,225,784,000 after purchasing an additional 84,003 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Leidos by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after buying an additional 405,256 shares in the last quarter. Geode Capital Management LLC raised its position in Leidos by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company’s stock valued at $487,649,000 after buying an additional 27,410 shares during the last quarter. Invesco Ltd. lifted its stake in Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock valued at $378,942,000 after acquiring an additional 682,532 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Leidos by 8.9% in the 4th quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company’s stock valued at $273,920,000 after acquiring an additional 155,481 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Trading Up 0.0%

Shares of NYSE:LDOS opened at $144.51 on Thursday. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market capitalization of $18.60 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. The company has a 50-day simple moving average of $146.39 and a 200 day simple moving average of $145.66.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.50. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the firm posted $2.29 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Monday, June 16th. Leidos’s payout ratio is presently 16.10%.

Insider Activity

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director now owns 20,195 shares in the company, valued at approximately $3,121,137.25. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LDOS shares. UBS Group raised their price target on shares of Leidos from $149.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Cantor Fitzgerald raised shares of Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. Royal Bank of Canada lifted their price target on shares of Leidos from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 7th. William Blair downgraded shares of Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Finally, Robert W. Baird cut Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 price objective for the company. in a report on Tuesday, May 27th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Leidos presently has an average rating of “Moderate Buy” and a consensus price target of $176.46.

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.