Triad Wealth Partners LLC Makes New Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Triad Wealth Partners LLC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,140 shares of the aerospace company’s stock, valued at approximately $308,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC lifted its holdings in Leidos by 83.0% during the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock worth $1,177,000 after purchasing an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Leidos by 39.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock worth $1,800,000 after purchasing an additional 3,534 shares in the last quarter. Fiduciary Trust Co raised its holdings in shares of Leidos by 36.4% in the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock valued at $3,902,000 after acquiring an additional 6,395 shares in the last quarter. Atria Investments Inc raised its holdings in shares of Leidos by 100.1% in the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock valued at $1,440,000 after acquiring an additional 4,421 shares in the last quarter. Finally, LGT Fund Management Co Ltd. purchased a new stake in shares of Leidos in the 4th quarter valued at about $1,979,000. Institutional investors own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on LDOS shares. StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. UBS Group lowered their price target on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. William Blair cut Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Finally, TD Cowen cut Leidos from a “buy” rating to a “hold” rating and decreased their price objective for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $175.87.

Insider Transactions at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s stock in a transaction 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 in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Leidos Price Performance

LDOS opened at $133.67 on Thursday. The stock’s 50 day simple moving average is $141.77 and its 200 day simple moving average is $155.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a 1 year low of $123.22 and a 1 year high of $202.90. The firm 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 (NYSE:LDOS) last posted its quarterly 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%. As a group, analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. 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.