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

Triad Wealth Partners LLC purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,140 shares of the aerospace company's stock, valued at approximately $308,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LDOS. Private Advisor Group LLC boosted its holdings in shares of Leidos by 83.0% in the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company's stock valued at $1,177,000 after buying an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Leidos by 39.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company's stock valued at $1,800,000 after buying an additional 3,534 shares in the last quarter. Fiduciary Trust Co boosted its holdings in shares of Leidos by 36.4% in the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company's stock valued at $3,902,000 after buying an additional 6,395 shares in the last quarter. LGT Fund Management Co Ltd. acquired a new position in shares of Leidos in the 4th quarter valued at $1,979,000. Finally, Atria Investments Inc boosted its holdings in shares of Leidos by 100.1% in the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company's stock valued at $1,440,000 after buying an additional 4,421 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 2,128 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now directly owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's stock in a transaction dated 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 in the company, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

Several research analysts have recently issued reports on LDOS shares. Truist Financial lowered their target price on shares of Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. TD Cowen downgraded shares of Leidos from a "buy" rating to a "hold" rating and reduced their price target for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. StockNews.com downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday. UBS Group reduced their price target on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group downgraded shares of Leidos from a "buy" rating to a "neutral" rating and reduced their price target for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $175.87.

Leidos Price Performance

Shares of LDOS traded up $6.43 during trading hours on Friday, reaching $139.49. The company had a trading volume of 2,539,271 shares, compared to its average volume of 1,590,956. The firm has a 50 day simple moving average of $141.41 and a 200-day simple moving average of $155.66. 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 company has a market capitalization of $18.30 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 12-month low of $123.22 and a 12-month high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced 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 net margin of 7.53% and a return on equity of 30.93%. Research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The firm 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 $0.40 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. Leidos's payout ratio is 17.32%.

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.