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

SteelPeak Wealth LLC purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,990 shares of the aerospace company’s stock, valued at approximately $654,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Czech National Bank grew its holdings in shares of Leidos by 0.5% during the 1st quarter. Czech National Bank now owns 24,194 shares of the aerospace company’s stock valued at $3,172,000 after acquiring an additional 111 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Leidos by 0.4% during the 4th quarter. Assetmark Inc. now owns 31,662 shares of the aerospace company’s stock valued at $3,427,000 after acquiring an additional 120 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Leidos by 2.2% during the 4th quarter. Spire Wealth Management now owns 5,756 shares of the aerospace company’s stock valued at $632,000 after acquiring an additional 125 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Leidos by 2.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,378 shares of the aerospace company’s stock valued at $582,000 after acquiring an additional 134 shares in the last quarter. Finally, Chelsea Counsel Co. grew its holdings in shares of Leidos by 1.3% during the 4th quarter. Chelsea Counsel Co. now owns 11,079 shares of the aerospace company’s stock valued at $1,199,000 after acquiring an additional 137 shares in the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Jefferies Financial Group lifted their price objective on shares of Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Barclays lifted their price objective on shares of Leidos from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Truist Financial reaffirmed a “buy” rating and issued a $165.00 price objective (up previously from $150.00) on shares of Leidos in a research note on Wednesday, May 1st. Finally, StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Two research 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $146.08.

Insider Activity

In related news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $150.67, for a total value of $131,836.25. Following the sale, the insider now owns 44,149 shares of the company’s stock, valued at $6,651,929.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.96% of the stock is owned by company insiders.

Leidos Stock Performance

Shares of LDOS traded down $1.30 during trading hours on Friday, reaching $145.88. 1,835,241 shares of the company traded hands, compared to its average volume of 845,035. The stock’s fifty day moving average is $143.95 and its 200 day moving average is $127.72. The stock has a market cap of $19.72 billion, a P/E ratio of 62.88, a price-to-earnings-growth ratio of 1.51 and a beta of 0.69. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. Leidos Holdings, Inc. has a 1-year low of $86.75 and a 1-year high of $151.32.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.59. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.82 billion. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 earnings per share. Equities research analysts anticipate that Leidos Holdings, Inc. will post 8.75 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, June 14th. Leidos’s dividend payout ratio is currently 65.52%.

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.