Petros Family Wealth LLC Makes New Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Petros Family Wealth LLC purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,618 shares of the aerospace company's stock, valued at approximately $521,000.

Several other institutional investors and hedge funds have also bought and sold shares of LDOS. Duncker Streett & Co. Inc. acquired a new position in Leidos in the fourth quarter valued at approximately $27,000. Berbice Capital Management LLC purchased a new position in shares of Leidos during the 4th quarter valued at approximately $29,000. Mather Group LLC. lifted its stake in shares of Leidos by 143.1% in the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after purchasing an additional 156 shares during the period. Human Investing LLC acquired a new position in shares of Leidos in the 4th quarter valued at $52,000. Finally, Vision Financial Markets LLC purchased a new stake in Leidos during the fourth quarter worth $57,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Remove Ads

Analyst Ratings Changes

A number of research analysts have weighed in on LDOS shares. Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. UBS Group reduced their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. William Blair lowered Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Wells Fargo & Company cut their price objective on Leidos from $191.00 to $173.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen lowered Leidos from a "buy" rating to a "hold" rating and decreased their target price for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Leidos has an average rating of "Moderate Buy" and an average target price of $179.23.

Leidos Price Performance

NYSE LDOS traded down $1.49 during trading hours on Tuesday, hitting $141.50. 1,453,734 shares of the company's stock traded hands, compared to its average volume of 1,204,240. The company has a market capitalization of $18.14 billion, a PE ratio of 15.31, a PEG ratio of 1.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a 52-week low of $123.23 and a 52-week high of $202.90. The firm's 50-day moving average is $135.08 and its 200-day moving average is $151.95.

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

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date was Friday, March 14th. Leidos's payout ratio is currently 17.32%.

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.