Creekmur Asset Management LLC Takes $1.51 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Creekmur Asset Management LLC acquired a new position in Leidos Holdings, Inc. (NYSE:LDOS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,219 shares of the aerospace company’s stock, valued at approximately $1,514,000.

Several other institutional investors and hedge funds have also made changes to their positions in LDOS. Norges Bank bought a new position in shares of Leidos during the 4th quarter valued at about $266,419,000. Alliancebernstein L.P. boosted its holdings in shares of Leidos by 510.6% during the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company’s stock worth $144,011,000 after purchasing an additional 835,930 shares during the period. Invesco Ltd. raised its position in 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 acquiring an additional 682,532 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Leidos by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock valued at $315,250,000 after acquiring an additional 536,452 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Leidos by 130.3% during the first quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company’s stock valued at $96,001,000 after acquiring an additional 402,454 shares in the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Stock Performance

NYSE LDOS opened at $163.57 on Friday. The business has a 50 day simple moving average of $154.40 and a two-hundred day simple moving average of $145.47. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. The stock has a market capitalization of $21.05 billion, a PE ratio of 16.41, a P/E/G ratio of 1.93 and a beta of 0.64.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.50. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period in the prior year, the company posted $2.29 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Leidos’s dividend payout ratio is presently 16.10%.

Insiders Place Their Bets

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 20,195 shares in the company, valued at $3,121,137.25. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LDOS shares. Baird R W downgraded shares of Leidos from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Robert W. Baird lowered shares of 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. Wall Street Zen raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 5th. Truist Financial cut their target price on shares of Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank Of Canada upped their target price on shares of Leidos from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus target price of $175.15.

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.