Stratos Wealth Partners LTD. Raises Position in Leidos Holdings, Inc. (NYSE:LDOS)

Stratos Wealth Partners LTD. grew its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,923 shares of the aerospace company’s stock after purchasing an additional 379 shares during the period. Stratos Wealth Partners LTD.’s holdings in Leidos were worth $421,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Yousif Capital Management LLC increased its position in shares of Leidos by 23.7% in the 4th quarter. Yousif Capital Management LLC now owns 17,596 shares of the aerospace company’s stock valued at $2,535,000 after acquiring an additional 3,366 shares during the period. Guidance Capital Inc. acquired a new position in shares of Leidos in the 4th quarter valued at $799,000. 1858 Wealth Management LLC acquired a new position in shares of Leidos in the 4th quarter valued at $727,000. Mather Group LLC. increased its position in shares of Leidos by 143.1% in the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 156 shares during the period. Finally, Avantra Family Wealth Inc. acquired a new position in shares of Leidos in the 4th quarter valued at $899,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Trading Down 0.6 %

Shares of Leidos stock opened at $136.82 on Thursday. The firm has a market capitalization of $18.26 billion, a PE ratio of 15.58, a P/E/G ratio of 0.92 and a beta of 0.66. Leidos Holdings, Inc. has a twelve month low of $118.40 and a twelve month high of $202.90. The firm’s 50-day moving average price is $148.78 and its 200 day moving average price is $157.63. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.37% and a return on equity of 30.31%. On average, sell-side analysts predict that Leidos Holdings, Inc. will post 10.03 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Friday, March 14th. Leidos’s payout ratio is presently 18.22%.

Analyst Ratings Changes

Several equities research analysts have weighed in on LDOS shares. TD Cowen downgraded Leidos from a “buy” rating to a “hold” rating and cut their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Truist Financial cut their price target on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday. Wells Fargo & Company cut their price target on Leidos from $199.00 to $197.00 and set an “overweight” rating on the stock in a research report on Wednesday. Cantor Fitzgerald started coverage on Leidos in a research report on Friday, February 7th. They set an “overweight” rating and a $185.00 price target on the stock. Finally, Citigroup increased their price target on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $176.27.

Insider Activity

In related news, Director Noel B. Geer bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $322,260. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 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.