ORG Wealth Partners LLC Buys 2,556 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

ORG Wealth Partners LLC grew its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 383.8% during the first quarter, Holdings Channel.com reports. The fund owned 3,222 shares of the aerospace company’s stock after purchasing an additional 2,556 shares during the quarter. ORG Wealth Partners LLC’s holdings in Leidos were worth $435,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LDOS. Norges Bank bought a new position in Leidos in the 4th quarter worth about $266,419,000. Alliancebernstein L.P. boosted its stake in shares of Leidos by 510.6% during the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company’s stock valued at $144,011,000 after purchasing an additional 835,930 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Leidos by 35.0% during the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock valued at $378,942,000 after purchasing an additional 682,532 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Leidos by 435.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company’s stock valued at $67,032,000 after purchasing an additional 377,756 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Leidos by 151.6% during the fourth quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company’s stock valued at $79,053,000 after purchasing an additional 330,623 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Leidos Trading Down 0.7%

NYSE LDOS opened at $148.29 on Thursday. The company has a fifty day simple moving average of $148.57 and a two-hundred day simple moving average of $144.56. The stock has a market cap of $19.09 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.82 and a beta of 0.63. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.50. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. Leidos’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. Leidos’s dividend payout ratio (DPR) is presently 16.10%.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the transaction, the director now owns 20,195 shares of the company’s stock, valued at $3,121,137.25. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LDOS shares. UBS Group increased their price objective on shares of Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Truist Financial dropped their price objective on shares of Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Robert W. Baird downgraded shares of Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 price objective on the stock. in a research note on Tuesday, May 27th. Cantor Fitzgerald raised shares of Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. Finally, William Blair cut shares of Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $176.46.

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.