Wealth Alliance Raises Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Wealth Alliance grew its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 105.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,126 shares of the aerospace company’s stock after buying an additional 1,605 shares during the quarter. Wealth Alliance’s holdings in Leidos were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LDOS. Rakuten Securities Inc. raised its position in shares of Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 146 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Leidos during the 3rd quarter valued at approximately $29,000. Berbice Capital Management LLC acquired a new stake in shares of Leidos during the 4th quarter valued at approximately $29,000. Mather Group LLC. increased its position in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after buying an additional 156 shares during the period. Finally, Human Investing LLC acquired a new stake in Leidos in the fourth quarter worth $52,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Activity at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares of the company’s stock, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now directly owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Leidos Trading Down 2.6 %

Shares of LDOS stock opened at $126.66 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a fifty-two week low of $123.22 and a fifty-two week high of $202.90. The stock has a market capitalization of $16.61 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.67 and a beta of 0.66. The stock has a 50-day simple moving average of $144.89 and a 200 day simple moving average of $156.76.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. On average, sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. Leidos’s dividend payout ratio (DPR) is 17.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Robert W. Baird increased their target price on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Cantor Fitzgerald assumed coverage on Leidos in a research report on Friday, February 7th. They issued an “overweight” rating and a $185.00 target price on the stock. Wells Fargo & Company dropped their target price on Leidos from $199.00 to $197.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Barclays increased their price target on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Leidos presently has an average rating of “Moderate Buy” and a consensus target price of $176.27.

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.