Petros Family Wealth LLC Takes $521,000 Position in Leidos Holdings, Inc. (NYSE:LDOS)

Petros Family Wealth LLC purchased a new position in Leidos Holdings, Inc. (NYSE:LDOS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,618 shares of the aerospace company’s stock, valued at approximately $521,000.

A number of other institutional investors also recently made changes to their positions in LDOS. Norges Bank bought a new position in shares of Leidos in the 4th quarter worth about $266,419,000. Alliancebernstein L.P. grew its holdings in Leidos by 510.6% in the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company’s stock worth $144,011,000 after buying an additional 835,930 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Leidos by 35.0% during the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock valued at $378,942,000 after purchasing an additional 682,532 shares during the period. JPMorgan Chase & Co. raised its position in shares of Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after buying an additional 405,256 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Leidos by 435.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company’s stock worth $67,032,000 after purchasing an additional 377,756 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the transaction, the director now owns 6,408 shares in the company, valued at $862,260.48. This represents a 19.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the sale, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Trading Up 1.7 %

Shares of NYSE LDOS opened at $142.05 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a one year low of $123.23 and a one year high of $202.90. The business has a 50-day moving average price of $135.05 and a two-hundred day moving average price of $152.11. The firm has a market capitalization of $18.21 billion, a PE ratio of 15.37, a PEG ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. As a group, analysts predict 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 was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, March 14th. Leidos’s dividend payout ratio (DPR) is presently 17.32%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LDOS. William Blair lowered Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and cut their price target for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. UBS Group lowered their price objective on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Truist Financial cut their target price on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.00.

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.