AE Wealth Management LLC Has $1.30 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

AE Wealth Management LLC lifted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 38.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,910 shares of the aerospace company’s stock after buying an additional 2,480 shares during the period. AE Wealth Management LLC’s holdings in Leidos were worth $1,300,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. TrinityPoint Wealth LLC acquired a new stake in Leidos in the fourth quarter valued at approximately $222,000. PNC Financial Services Group Inc. grew its position in Leidos by 7.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 16,288 shares of the aerospace company’s stock worth $1,763,000 after acquiring an additional 1,138 shares during the last quarter. UBS Group AG increased its holdings in Leidos by 6.3% in the 4th quarter. UBS Group AG now owns 207,603 shares of the aerospace company’s stock worth $22,471,000 after purchasing an additional 12,390 shares in the last quarter. Wells Fargo & Company MN raised its position in Leidos by 6.2% in the fourth quarter. Wells Fargo & Company MN now owns 209,034 shares of the aerospace company’s stock valued at $22,626,000 after purchasing an additional 12,135 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Leidos by 18.3% during the fourth quarter. Franklin Resources Inc. now owns 74,671 shares of the aerospace company’s stock valued at $8,082,000 after purchasing an additional 11,576 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Leidos Price Performance

Shares of LDOS opened at $158.45 on Wednesday. The firm has a market cap of $21.42 billion, a PE ratio of 68.30, a price-to-earnings-growth ratio of 1.38 and a beta of 0.70. Leidos Holdings, Inc. has a 52-week low of $89.22 and a 52-week high of $160.32. The business’s 50 day moving average price is $151.60 and its two-hundred day moving average price is $143.51. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the firm earned $1.80 earnings per share. Leidos’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that Leidos Holdings, Inc. will post 8.95 EPS for the current year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, September 13th. Leidos’s payout ratio is 65.52%.

Insider Buying and Selling

In other Leidos news, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the sale, the director now owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the sale, the director now directly owns 7,455 shares of the company’s stock, valued at approximately $1,082,689.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LDOS has been the subject of a number of research reports. Bank of America raised their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Barclays raised their price target on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada raised their target price on Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Finally, Truist Financial upped their price target on Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.08.

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.