Strategic Financial Concepts LLC Invests $12.56 Million in Leidos Holdings, Inc. (NYSE:LDOS)

Strategic Financial Concepts LLC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 87,187 shares of the aerospace company's stock, valued at approximately $12,560,000. Strategic Financial Concepts LLC owned about 0.07% of Leidos as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LDOS. Rakuten Securities Inc. raised its position in Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company's stock worth $25,000 after acquiring an additional 146 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Leidos in the 3rd quarter valued at about $29,000. Berbice Capital Management LLC acquired a new stake in shares of Leidos in the fourth quarter valued at about $29,000. Northwest Investment Counselors LLC purchased a new stake in Leidos during the third quarter worth about $30,000. Finally, Mather Group LLC. increased its holdings in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Wall Street Analysts Forecast Growth

LDOS has been the subject of several research analyst reports. TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and dropped their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group cut Leidos from a "buy" rating to a "neutral" rating and dropped their price target for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Truist Financial decreased their price objective on shares of Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. UBS Group dropped their target price on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Finally, Barclays upped their price target on shares of Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $176.27.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 2,128 shares of Leidos 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 in the company, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the sale, the director now directly owns 6,408 shares of the company's stock, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Leidos Trading Up 0.1 %

LDOS traded up $0.20 during midday trading on Wednesday, hitting $131.47. The company's stock had a trading volume of 1,397,379 shares, compared to its average volume of 1,466,506. The firm has a market cap of $17.24 billion, a P/E ratio of 14.23, a PEG ratio of 1.68 and a beta of 0.66. Leidos Holdings, Inc. has a 52-week low of $122.76 and a 52-week high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $145.79 and a two-hundred day moving average price of $157.13.

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

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.22%. Leidos's dividend payout ratio is presently 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.