Truvestments Capital LLC Invests $204,000 in Leidos Holdings, Inc. (NYSE:LDOS)

Truvestments Capital LLC purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,559 shares of the aerospace company’s stock, valued at approximately $204,000.

Other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Leidos in the fourth quarter valued at about $28,000. Lindbrook Capital LLC raised its stake in Leidos by 209.0% in the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 186 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in Leidos in the 4th quarter valued at about $35,000. Tidemark LLC acquired a new position in shares of Leidos during the 4th quarter worth approximately $41,000. Finally, Friedenthal Financial bought a new position in shares of Leidos during the fourth quarter worth approximately $43,000. 76.12% of the stock is currently owned by institutional investors.

Leidos Stock Performance

Shares of LDOS traded down $2.19 during trading hours on Friday, hitting $149.83. The company’s stock had a trading volume of 1,043,788 shares, compared to its average volume of 767,939. The business has a 50 day simple moving average of $147.48 and a two-hundred day simple moving average of $133.32. The company has a market cap of $20.26 billion, a price-to-earnings ratio of 64.58, a PEG ratio of 1.57 and a beta of 0.68. Leidos Holdings, Inc. has a 52-week low of $89.22 and a 52-week high of $155.45. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24.

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

Insiders Place Their Bets

In other Leidos news, insider Roy E. Stevens sold 875 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $150.67, for a total transaction of $131,836.25. Following the sale, the insider now 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 at the SEC website. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

LDOS has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Robert W. Baird upped their price objective on shares of Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Stifel Nicolaus raised their target price on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 24th. Barclays upped their price target on shares of Leidos from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Leidos from $135.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Two equities research 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. Based on data from MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus target price of $149.83.

Leidos 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.