ORG Partners LLC Makes New $491,000 Investment in Leidos Holdings, Inc. (NYSE:LDOS)

ORG Partners LLC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,372 shares of the aerospace company’s stock, valued at approximately $491,000.

Several other large investors have also recently added to or reduced their stakes in LDOS. Lindbrook Capital LLC grew its holdings in shares of Leidos by 209.0% during 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. Massmutual Trust Co. FSB ADV grew its holdings in shares of Leidos by 122.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 169 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Leidos during the 4th quarter worth $35,000. Tidemark LLC acquired a new stake in shares of Leidos during the 4th quarter worth $41,000. Finally, Versant Capital Management Inc grew its holdings in shares of Leidos by 257.7% during the 2nd quarter. Versant Capital Management Inc now owns 440 shares of the aerospace company’s stock worth $64,000 after purchasing an additional 317 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Insider Activity at Leidos

In related news, insider Roy E. Stevens sold 875 shares of the 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 completion of the sale, the insider now directly owns 44,149 shares in the company, valued at approximately $6,651,929.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Leidos news, insider Roy E. Stevens sold 875 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the completion of the sale, the insider now owns 44,149 shares in the company, valued at approximately $6,651,929.83. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas Arthur Bell acquired 1,712 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was acquired at an average price of $145.04 per share, with a total value of $248,308.48. Following the acquisition, the chief executive officer now owns 22,398 shares in the company, valued at approximately $3,248,605.92. The disclosure for this purchase can be found here. Insiders sold 2,934 shares of company stock worth $429,655 in the last ninety days. 0.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LDOS. Truist Financial reaffirmed a “buy” rating and issued a $165.00 price objective (up from $150.00) on shares of Leidos in a research note on Wednesday, May 1st. Royal Bank of Canada lifted their price target on Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Bank of America raised their price objective on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their target price on Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, TD Cowen lifted their target price on Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two 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. Based on data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average target price of $162.25.

Leidos Price Performance

Shares of LDOS traded down $0.10 during midday trading on Thursday, reaching $147.24. The stock had a trading volume of 56,447 shares, compared to its average volume of 892,406. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 63.51, a price-to-earnings-growth ratio of 1.28 and a beta of 0.68. Leidos Holdings, Inc. has a 12-month low of $89.22 and a 12-month high of $155.45. The company’s 50-day moving average is $146.77 and its 200 day moving average is $136.52. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.36. The company had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. Leidos’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 EPS. On average, equities analysts predict that Leidos Holdings, Inc. will post 8.97 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, September 13th. Leidos’s dividend payout ratio is presently 65.52%.

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.