Abound Financial LLC Purchases New Shares in Leidos Holdings, Inc. (NYSE:LDOS)

Abound Financial LLC purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,127 shares of the aerospace company’s stock, valued at approximately $595,000.

A number of other institutional investors have also recently added to or reduced their stakes in LDOS. FMR LLC grew its stake in Leidos by 27.8% in the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock valued at $392,133,000 after acquiring an additional 522,764 shares during the period. JPMorgan Chase & Co. grew its stake in Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after acquiring an additional 405,256 shares during the period. International Assets Investment Management LLC grew its stake in Leidos by 24,194.3% in the 3rd quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock valued at $61,459,000 after acquiring an additional 375,495 shares during the period. Van ECK Associates Corp grew its stake in Leidos by 39.9% in the 4th quarter. Van ECK Associates Corp now owns 841,479 shares of the aerospace company’s stock valued at $121,223,000 after acquiring an additional 239,846 shares during the period. Finally, Barclays PLC grew its stake in Leidos by 53.1% in the 3rd quarter. Barclays PLC now owns 576,022 shares of the aerospace company’s stock valued at $93,891,000 after acquiring an additional 199,686 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Down 2.6 %

NYSE LDOS opened at $126.66 on Friday. Leidos Holdings, Inc. has a 52 week low of $123.22 and a 52 week high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The business’s fifty day simple moving average is $144.36 and its 200-day simple moving average is $156.75. The firm has a market cap of $16.61 billion, a PE ratio of 13.71, a P/E/G 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 return on equity of 30.93% and a net margin of 7.53%. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LDOS shares. Royal Bank of Canada lifted their target price on shares of Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their target price on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Cantor Fitzgerald started coverage on shares of Leidos in a research note on Friday, February 7th. They set an “overweight” rating and a $185.00 target price on the stock. Barclays lifted their target price on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, William Blair cut shares of Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $176.27.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction dated 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 owns 11,264 shares in the company, valued at approximately $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 owned by insiders.

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.