Cambridge Investment Research Advisors Inc. increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS – Free Report) by 16.9% in the 1st quarter, Holdings Channel reports. The fund owned 49,679 shares of the aerospace company’s stock after purchasing an additional 7,186 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Leidos were worth $6,704,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of LDOS. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Leidos in the fourth quarter worth $25,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Leidos during the 4th quarter worth about $27,000. REAP Financial Group LLC lifted its holdings in shares of Leidos by 422.2% during the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company’s stock valued at $27,000 after buying an additional 152 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of Leidos in the 1st quarter valued at approximately $55,000. Finally, Vision Financial Markets LLC acquired a new position in Leidos in the fourth quarter worth approximately $57,000. 76.12% of the stock is owned by hedge funds and other institutional investors.
Leidos Stock Up 1.1%
NYSE LDOS opened at $155.66 on Friday. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54. The stock has a market cap of $20.04 billion, a PE ratio of 15.66, a PEG ratio of 1.86 and a beta of 0.63. The firm has a 50-day simple moving average of $149.85 and a 200 day simple moving average of $144.08.
Leidos Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Monday, June 16th. Leidos’s dividend payout ratio (DPR) is presently 16.10%.
Wall Street Analyst Weigh In
Several research firms have commented on LDOS. Wells Fargo & Company boosted their target price on shares of Leidos from $173.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. UBS Group increased their target price on shares of Leidos from $149.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Royal Bank Of Canada boosted their price target on Leidos from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 7th. Robert W. Baird lowered Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 price objective on the stock. in a report on Tuesday, May 27th. Finally, Truist Financial cut their price objective on Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $177.46.
View Our Latest Stock Analysis on LDOS
Insider Activity
In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the sale, the director now directly owns 20,195 shares of the company’s stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.96% of the company’s stock.
Leidos Company 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.
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