Daymark Wealth Partners LLC Buys 1,703 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Daymark Wealth Partners LLC grew its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 19.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,321 shares of the aerospace company’s stock after acquiring an additional 1,703 shares during the period. Daymark Wealth Partners LLC’s holdings in Leidos were worth $1,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LDOS. Norges Bank purchased a new position in Leidos during the 4th quarter valued at about $266,419,000. Alliancebernstein L.P. increased its holdings in 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 buying an additional 835,930 shares during the period. Invesco Ltd. raised its stake in Leidos by 35.0% in the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock worth $378,942,000 after buying an additional 682,532 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Leidos by 435.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company’s stock worth $67,032,000 after buying an additional 377,756 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in Leidos by 151.6% during the fourth quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company’s stock worth $79,053,000 after buying an additional 330,623 shares during the period. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Up 1.3%

LDOS stock opened at $154.14 on Thursday. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54. The firm has a market cap of $19.84 billion, a PE ratio of 15.51, a P/E/G ratio of 1.85 and a beta of 0.63. The firm’s fifty day moving average is $149.53 and its 200 day moving average is $144.11.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period last year, the company earned $2.29 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 1.04%. Leidos’s dividend payout ratio is currently 16.10%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LDOS. Baird R W downgraded Leidos from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 27th. Truist Financial cut their target price on Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada increased their price target on shares of Leidos from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 7th. Wells Fargo & Company raised their price target on shares of Leidos from $173.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.46.

Insiders Place Their Bets

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction dated 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 directly owns 20,195 shares of the company’s stock, valued at $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.96% of the stock is currently owned by corporate insiders.

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.