Fiduciary Alliance LLC Purchases New Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Fiduciary Alliance LLC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,106 shares of the aerospace company’s stock, valued at approximately $736,000.

A number of other institutional investors also recently made changes to their positions in LDOS. Rakuten Securities Inc. increased its stake in shares of Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after buying an additional 146 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Leidos in the 3rd quarter worth about $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Leidos in the 3rd quarter valued at about $30,000. 1832 Asset Management L.P. bought a new position in shares of Leidos during the second quarter worth about $34,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in Leidos in the third quarter worth about $46,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Truist Financial cut their price objective on Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Citigroup raised their price objective on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. UBS Group started coverage on shares of Leidos in a research note on Monday, December 2nd. They set a “neutral” rating and a $182.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird boosted their price objective on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.07.

Insider Activity

In other news, Director Noel B. Geer purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $322,260. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the sale, the director now directly owns 6,408 shares in the company, valued at approximately $1,185,095.52. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Leidos Trading Up 2.2 %

NYSE:LDOS opened at $152.71 on Tuesday. The stock has a market cap of $20.38 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.04 and a beta of 0.66. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. Leidos Holdings, Inc. has a 1 year low of $107.73 and a 1 year high of $202.90. The business has a fifty day moving average of $160.16 and a 200-day moving average of $157.86.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the prior year, the firm posted $2.03 EPS. Leidos’s revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that Leidos Holdings, Inc. will post 9.89 earnings per share for the current year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.40 per share. This is a positive change from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Monday, December 16th. Leidos’s dividend payout ratio (DPR) is presently 18.22%.

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.