Wilbanks Smith & Thomas Asset Management LLC Buys New Position in Leidos Holdings, Inc. (NYSE:LDOS)

Wilbanks Smith & Thomas Asset Management LLC purchased a new position in Leidos Holdings, Inc. (NYSE:LDOS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,135 shares of the aerospace company’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Leidos in the 4th quarter worth $18,976,000. Raymond James & Associates increased its holdings in Leidos by 18.6% in the fourth quarter. Raymond James & Associates now owns 245,665 shares of the aerospace company’s stock worth $26,591,000 after buying an additional 38,496 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Leidos by 7.8% during the 3rd quarter. Northern Trust Corp now owns 1,143,664 shares of the aerospace company’s stock valued at $105,400,000 after purchasing an additional 82,447 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Leidos by 134.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 14,114 shares of the aerospace company’s stock valued at $1,301,000 after buying an additional 8,106 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Leidos by 15.6% in the 3rd quarter. Creative Planning now owns 95,319 shares of the aerospace company’s stock valued at $8,785,000 after acquiring an additional 12,839 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LDOS has been the topic of a number of research analyst reports. Truist Financial reiterated a “buy” rating and issued a $165.00 target price (up from $150.00) on shares of Leidos in a research note on Wednesday. TheStreet upgraded Leidos from a “c” rating to a “b” rating in a research note on Tuesday, February 13th. StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Barclays upgraded Leidos from an “equal weight” rating to an “overweight” rating in a report on Friday, January 5th. Finally, Robert W. Baird raised their price objective on shares of Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.17.

Insider Buying and Selling at Leidos

In related news, Director David G. Fubini sold 7,874 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the sale, the director now directly owns 14,696 shares in the company, valued at approximately $1,879,471.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Leidos news, Director Gary Stephen May sold 2,745 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now directly owns 11,352 shares in the company, valued at approximately $1,413,210.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the sale, the director now owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Trading Down 0.7 %

LDOS stock opened at $141.65 on Friday. Leidos Holdings, Inc. has a 1-year low of $76.58 and a 1-year high of $143.35. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.07. The business’s 50 day moving average is $128.80 and its 200-day moving average is $114.92. The firm has a market cap of $19.15 billion, a P/E ratio of 61.06, a P/E/G ratio of 1.83 and a beta of 0.66.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.59. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 earnings per share. Equities analysts anticipate that Leidos Holdings, Inc. will post 8.36 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, June 14th. Leidos’s dividend payout ratio is currently 65.52%.

Leidos Company 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.