Wealth Enhancement Advisory Services LLC Boosts Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Wealth Enhancement Advisory Services LLC increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOSFree Report) by 16.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,957 shares of the aerospace company’s stock after acquiring an additional 5,823 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Leidos were worth $6,839,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LDOS. Ballentine Partners LLC raised its holdings in shares of Leidos by 3.5% in the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock worth $297,000 after acquiring an additional 62 shares during the last quarter. Key Financial Inc raised its holdings in shares of Leidos by 6.5% in the second quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock worth $166,000 after acquiring an additional 70 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Leidos by 2.9% in the first quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock worth $350,000 after acquiring an additional 76 shares during the last quarter. Somerset Trust Co raised its holdings in shares of Leidos by 3.5% in the third quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock worth $396,000 after acquiring an additional 83 shares during the last quarter. Finally, Apella Capital LLC raised its holdings in shares of Leidos by 0.8% in the third quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock worth $1,878,000 after acquiring an additional 89 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LDOS has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company upped their target price on Leidos from $183.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen upped their target price on Leidos from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup upped their target price on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Truist Financial boosted their price target on Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Leidos presently has an average rating of “Moderate Buy” and an average target price of $187.77.

Read Our Latest Research Report on LDOS

Leidos Price Performance

Shares of NYSE:LDOS opened at $185.71 on Thursday. 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 Holdings, Inc. has a 1 year low of $94.57 and a 1 year high of $188.36. The business has a fifty day simple moving average of $161.89 and a 200 day simple moving average of $150.56. The firm has a market cap of $25.02 billion, a price-to-earnings ratio of 58.22, a P/E/G ratio of 1.50 and a beta of 0.70.

Leidos (NYSE:LDOSGet Free Report) last posted its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period last year, the company earned $2.03 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts predict that Leidos Holdings, Inc. will post 8.96 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.40 dividend. This is an increase from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, December 16th. Leidos’s dividend payout ratio (DPR) is currently 47.65%.

Insider Activity

In related news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is currently owned by company insiders.

Leidos Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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