Campbell Wealth Management bought a new position in shares of Leidos Holdings Inc (NYSE:LDOS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,415 shares of the aerospace company’s stock, valued at approximately $432,000. Leidos makes up about 0.1% of Campbell Wealth Management’s investment portfolio, making the stock its 29th largest holding.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC raised its holdings in Leidos by 66.0% in the 2nd quarter. CWM LLC now owns 332 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 132 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Leidos in the 2nd quarter valued at $27,000. Icon Wealth Partners LLC acquired a new position in Leidos in the 1st quarter valued at $37,000. TRUE Private Wealth Advisors acquired a new position in Leidos in the 2nd quarter valued at $68,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in Leidos in the 2nd quarter valued at $88,000. Institutional investors and hedge funds own 74.71% of the company’s stock.
In other news, Director Gary Stephen May sold 500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $84.57, for a total transaction of $42,285.00. Following the transaction, the director now owns 9,166 shares in the company, valued at approximately $775,168.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.17% of the stock is owned by corporate insiders.
Shares of NYSE:LDOS opened at $85.82 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market cap of $12.08 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.39 and a beta of 1.55. Leidos Holdings Inc has a 52 week low of $50.33 and a 52 week high of $89.00. The firm has a 50 day simple moving average of $84.25 and a 200 day simple moving average of $75.14.
Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.06. Leidos had a net margin of 6.27% and a return on equity of 20.11%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts predict that Leidos Holdings Inc will post 4.69 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.34 dividend. This is an increase from Leidos’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, September 13th. This represents a $1.36 dividend on an annualized basis and a yield of 1.58%. Leidos’s dividend payout ratio is presently 29.22%.
LDOS has been the subject of several research reports. Zacks Investment Research cut shares of Leidos from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a research note on Tuesday, July 2nd. SunTrust Banks upped their price target on shares of Leidos to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Citigroup cut shares of Leidos from a “buy” rating to a “neutral” rating and upped their price target for the stock from $75.00 to $83.00 in a research report on Tuesday, July 9th. Morgan Stanley upped their price target on shares of Leidos from $75.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 21st. Finally, ValuEngine cut shares of Leidos from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $82.60.
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.
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