Wealth Enhancement Advisory Services LLC Purchases 2,259 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 9.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,231 shares of the aerospace company’s stock after purchasing an additional 2,259 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Leidos were worth $3,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Leidos by 114.5% during the third quarter. Tower Research Capital LLC TRC now owns 5,557 shares of the aerospace company’s stock worth $512,000 after buying an additional 2,966 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Leidos by 114.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 316,130 shares of the aerospace company’s stock worth $29,135,000 after purchasing an additional 168,600 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in Leidos by 23.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 22,879 shares of the aerospace company’s stock valued at $2,108,000 after purchasing an additional 4,287 shares during the period. GSA Capital Partners LLP grew its position in shares of Leidos by 21.1% during the 3rd quarter. GSA Capital Partners LLP now owns 8,565 shares of the aerospace company’s stock worth $789,000 after purchasing an additional 1,493 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new position in shares of Leidos during the third quarter worth approximately $1,108,000. Institutional investors own 76.12% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LDOS shares. StockNews.com upgraded Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Wells Fargo & Company increased their target price on Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Royal Bank of Canada raised their price target on Leidos from $120.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. Argus upped their price objective on shares of Leidos from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, Truist Financial reiterated a “buy” rating and set a $165.00 price objective (up from $150.00) on shares of Leidos in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $146.08.

Leidos Price Performance

LDOS stock opened at $145.86 on Wednesday. Leidos Holdings, Inc. has a 1 year low of $87.61 and a 1 year high of $151.32. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24. The stock has a market cap of $19.72 billion, a price-to-earnings ratio of 62.87, a P/E/G ratio of 1.51 and a beta of 0.68. The company has a 50 day simple moving average of $144.68 and a 200 day simple moving average of $128.25.

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

Leidos Announces Dividend

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

Insider Activity

In related news, insider Roy E. Stevens sold 875 shares of Leidos stock in a transaction that occurred 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 sale, 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 can be accessed through this link. 0.96% of the stock is currently owned by insiders.

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.