Kalos Management Inc. Takes $750,000 Position in Leidos Holdings, Inc. (NYSE:LDOS)

Kalos Management Inc. acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,007 shares of the aerospace company’s stock, valued at approximately $750,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new position in shares of Leidos in the first quarter valued at approximately $39,000. Benjamin F. Edwards & Company Inc. bought a new stake in Leidos during the first quarter valued at approximately $39,000. Solstein Capital LLC bought a new stake in Leidos during the first quarter valued at approximately $43,000. CSat Investment Advisory L.P. lifted its position in Leidos by 73.8% during the first quarter. CSat Investment Advisory L.P. now owns 683 shares of the aerospace company’s stock valued at $66,000 after purchasing an additional 290 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators bought a new stake in Leidos during the second quarter valued at approximately $89,000. Institutional investors own 75.71% of the company’s stock.

Shares of NYSE LDOS traded up $0.99 during mid-day trading on Wednesday, hitting $91.89. The stock had a trading volume of 757 shares, compared to its average volume of 812,176. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.97 and a current ratio of 1.05. Leidos Holdings, Inc. has a 1 year low of $79.15 and a 1 year high of $113.75. The business has a 50 day moving average price of $98.96 and a two-hundred day moving average price of $100.44. The firm has a market cap of $13.01 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 1.37 and a beta of 0.88.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, August 3rd. The aerospace company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.06). Leidos had a return on equity of 23.24% and a net margin of 5.54%. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities research analysts predict that Leidos Holdings, Inc. will post 6.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be given a dividend of $0.36 per share. This is an increase from Leidos’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, September 14th. Leidos’s payout ratio is presently 24.70%.

Several equities research analysts have issued reports on LDOS shares. Argus lowered shares of Leidos from a “buy” rating to a “hold” rating in a research report on Friday, August 20th. The Goldman Sachs Group upgraded shares of Leidos from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, June 8th. Robert W. Baird lowered their price objective on shares of Leidos from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, August 4th. Zacks Investment Research lowered shares of Leidos from a “hold” rating to a “sell” rating and set a $104.00 price objective for the company. in a report on Wednesday, September 8th. Finally, Morgan Stanley boosted their price objective on shares of Leidos from $105.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, June 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $114.50.

In other Leidos news, Director Gary Stephen May sold 500 shares of the business’s stock in a transaction on Thursday, August 12th. The shares were sold at an average price of $96.55, for a total transaction of $48,275.00. Following the transaction, the director now directly owns 8,672 shares of the company’s stock, valued at approximately $837,281.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.57% of the stock is currently owned by insiders.

Leidos Profile

Leidos Holdings, Inc is a holding company, which engages in the provision of scientific, engineering and information technology services and solutions in the areas of defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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