Cassaday & Co Wealth Management LLC Acquires 371 Shares of Leidos Holdings, Inc. $LDOS

Cassaday & Co Wealth Management LLC grew its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,250 shares of the aerospace company’s stock after purchasing an additional 371 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Leidos were worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Pacific Financial acquired a new position in shares of Leidos in the 2nd quarter valued at about $27,000. Raleigh Capital Management Inc. acquired a new position in shares of Leidos during the 2nd quarter valued at $29,000. MCF Advisors LLC acquired a new position in shares of Leidos during the 1st quarter valued at $27,000. Mountain Hill Investment Partners Corp. lifted its position in shares of Leidos by 66.2% during the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 86 shares during the period. Finally, REAP Financial Group LLC lifted its position in shares of Leidos by 50.0% during the 2nd quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 76 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on LDOS shares. Zacks Research downgraded shares of Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. UBS Group boosted their target price on shares of Leidos from $168.00 to $184.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Citigroup reiterated a “buy” rating and set a $190.00 target price (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. Cantor Fitzgerald upped their price objective on shares of Leidos from $185.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Argus upped their price objective on shares of Leidos from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.83.

Leidos Stock Performance

NYSE LDOS opened at $193.52 on Tuesday. 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 1.06, a current ratio of 1.62 and a quick ratio of 1.50. The firm has a market cap of $24.83 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.79 and a beta of 0.69. The company has a fifty day moving average price of $186.75 and a 200-day moving average price of $168.10.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.58. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the prior year, the business posted $2.63 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, December 15th. This is a positive change from Leidos’s previous quarterly dividend of $0.40. Leidos’s dividend payout ratio (DPR) is currently 15.12%.

Insider Transactions at Leidos

In other news, insider Stephen Edward Hull sold 12,497 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $178.14, for a total value of $2,226,215.58. Following the completion of the sale, the insider owned 25,817 shares in the company, valued at $4,599,040.38. This represents a 32.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.05, for a total transaction of $356,100.00. Following the completion of the sale, the director owned 10,137 shares of the company’s stock, valued at approximately $1,804,892.85. The trade was a 16.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,975 shares of company stock worth $4,078,740 in the last quarter. 0.69% of the stock is currently owned by corporate 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.