RWA Wealth Partners LLC Invests $13.32 Million in Leidos Holdings, Inc. $LDOS

RWA Wealth Partners LLC purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 98,699 shares of the aerospace company’s stock, valued at approximately $13,318,000.

A number of other hedge funds have also made changes to their positions in LDOS. Marshall & Sterling Wealth Advisors Inc. bought a new position in Leidos during the fourth quarter worth $25,000. REAP Financial Group LLC grew its position in shares of Leidos by 422.2% during the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company’s stock valued at $27,000 after buying an additional 152 shares during the last quarter. MCF Advisors LLC bought a new stake in shares of Leidos during the 1st quarter valued at about $27,000. Optimum Investment Advisors grew its position in shares of Leidos by 260.0% during the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company’s stock valued at $32,000 after buying an additional 169 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Leidos during the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Price Performance

Shares of LDOS opened at $177.68 on Monday. The company has a market capitalization of $22.80 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 2.03 and a beta of 0.65. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week 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 business’s 50-day moving average is $161.00 and its 200-day moving average is $148.21.

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

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.40 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Leidos’s dividend payout ratio is currently 15.12%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Leidos from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Wednesday, May 7th. Robert W. Baird cut shares of Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 price objective on the stock. in a research note on Tuesday, May 27th. Citigroup restated a “buy” rating and set a $190.00 price objective (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Baird R W cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Finally, Wall Street Zen lowered shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Leidos presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.46.

Insider Activity

In related news, Director Gary Stephen May sold 2,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.05, for a total value of $356,100.00. Following the transaction, the director owned 10,137 shares in the company, valued at approximately $1,804,892.85. This represents a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephen Edward Hull sold 7,526 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $176.39, for a total transaction of $1,327,511.14. Following the completion of the sale, the insider directly owned 26,481 shares of the company’s stock, valued at $4,670,983.59. This represents a 22.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,478 shares of company stock worth $1,852,525 in the last 90 days. Company insiders own 0.96% of the company’s stock.

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.