Chapin Davis Inc. Acquires New Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Chapin Davis Inc. acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,600 shares of the aerospace company’s stock, valued at approximately $210,000.

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

Wall Street Analyst Weigh In

LDOS has been the topic of several recent research reports. Stifel Nicolaus lifted their price objective on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Jefferies Financial Group lifted their target price on shares of Leidos from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, April 10th. StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Robert W. Baird lifted their target price on shares of Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Bank of America lifted their target price on shares of Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Two 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 stock. According to MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average target price of $146.08.

Insider Activity at Leidos

In related news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the transaction, the insider now directly owns 44,149 shares in the company, valued at approximately $6,651,929.83. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.96% of the company’s stock.

Leidos Price Performance

NYSE LDOS opened at $145.56 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $19.68 billion, a PE ratio of 62.74, a price-to-earnings-growth ratio of 1.51 and a beta of 0.68. The company has a 50 day moving average price of $143.95 and a two-hundred day moving average price of $127.72. Leidos Holdings, Inc. has a 12-month low of $87.61 and a 12-month high of $151.32.

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

Leidos Dividend Announcement

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

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.