Forefront Wealth Management Inc. Invests $3.28 Million in Leidos Holdings, Inc. (NYSE:LDOS)

Forefront Wealth Management Inc. purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,771 shares of the aerospace company's stock, valued at approximately $3,280,000. Leidos accounts for 3.0% of Forefront Wealth Management Inc.'s investment portfolio, making the stock its 11th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its stake in Leidos by 27.8% in the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock worth $392,133,000 after buying an additional 522,764 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after acquiring an additional 405,256 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Leidos by 435.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock worth $67,032,000 after acquiring an additional 377,756 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Leidos by 151.6% during the fourth quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company's stock valued at $79,053,000 after purchasing an additional 330,623 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Leidos in the fourth quarter worth $40,402,000. Institutional investors own 76.12% of the company's stock.

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Leidos Stock Performance

Shares of Leidos stock traded up $0.04 during trading hours on Wednesday, reaching $136.29. 1,032,369 shares of the stock traded hands, compared to its average volume of 1,089,873. Leidos Holdings, Inc. has a one year low of $123.23 and a one year high of $202.90. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.65 and a beta of 0.72. 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 company has a 50 day moving average price of $138.70 and a 200 day moving average price of $154.03.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. On average, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

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 paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. Leidos's dividend payout ratio (DPR) is presently 17.32%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Truist Financial dropped their target price on shares of Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group cut shares of Leidos from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. StockNews.com lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 8th. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Finally, TD Cowen lowered Leidos from a "buy" rating to a "hold" rating and reduced their price objective for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $178.07.

Insider Buying and Selling

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now owns 6,408 shares of the company's stock, valued at $862,260.48. The trade was a 19.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the transaction, the director now owns 11,264 shares of the company's stock, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

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.