Venturi Wealth Management LLC Purchases 257 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Venturi Wealth Management LLC lifted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 94.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 528 shares of the aerospace company’s stock after purchasing an additional 257 shares during the quarter. Venturi Wealth Management LLC’s holdings in Leidos were worth $86,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Leidos during the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC acquired a new position in shares of Leidos in the third quarter valued at approximately $30,000. 1832 Asset Management L.P. acquired a new stake in shares of Leidos during the second quarter worth $34,000. Blue Trust Inc. lifted its position in Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 201 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in Leidos in the 3rd quarter worth $46,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on LDOS. Royal Bank of Canada lifted their price target on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Barclays upped their price target on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Truist Financial lifted their price objective on shares of Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price target on shares of Leidos from $183.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $191.23.

Leidos Stock Performance

Shares of NYSE LDOS opened at $167.96 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $22.41 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.35 and a beta of 0.68. Leidos Holdings, Inc. has a 12 month low of $104.30 and a 12 month high of $202.90. The stock has a 50 day moving average of $169.15 and a 200-day moving average of $155.16.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.03 earnings per share. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 10.07 EPS for the current year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, December 13th. This is an increase from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 0.95%. Leidos’s dividend payout ratio (DPR) is 17.31%.

Insider Transactions at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now owns 20,001 shares in the company, valued at $3,899,594.97. This represents a 12.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction that occurred 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 completion of the sale, the director now owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. The trade was a 14.04 % 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 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.