Coldstream Capital Management Inc. Buys 2,227 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Coldstream Capital Management Inc. boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 86.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,806 shares of the aerospace company’s stock after acquiring an additional 2,227 shares during the period. Coldstream Capital Management Inc.’s holdings in Leidos were worth $520,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LDOS. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Leidos during the fourth quarter worth about $28,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Leidos in the 3rd quarter valued at approximately $30,000. Lindbrook Capital LLC grew its holdings in shares of Leidos by 209.0% during the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 186 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in Leidos during the 4th quarter worth approximately $35,000. Finally, Friedenthal Financial bought a new position in Leidos in the 4th quarter valued at approximately $43,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Price Performance

LDOS stock opened at $149.77 on Friday. 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 firm has a market cap of $20.25 billion, a price-to-earnings ratio of 64.56, a PEG ratio of 1.58 and a beta of 0.66. The company’s fifty day simple moving average is $134.50 and its 200 day simple moving average is $120.31. Leidos Holdings, Inc. has a 12-month low of $77.91 and a 12-month high of $151.16.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter last year, the firm posted $1.47 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. On average, analysts expect that Leidos Holdings, Inc. will post 8.59 earnings per share for the current year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.38 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 1.01%. Leidos’s payout ratio is currently 65.52%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LDOS. Robert W. Baird increased their price target on Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company increased their target price on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. StockNews.com upgraded Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Argus raised their price objective on shares of Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, Royal Bank of Canada lifted their target price on shares of Leidos from $120.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and an average price target of $145.67.

Insider Buying and Selling at Leidos

In related news, Director David G. Fubini sold 7,874 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the sale, the director now owns 14,696 shares in the company, valued at approximately $1,879,471.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.96% of the company’s stock.

Leidos Company 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.