Bay Capital Advisors LLC Invests $232,000 in Leidos Holdings, Inc. (NYSE:LDOS)

Bay Capital Advisors LLC acquired a new position in Leidos Holdings, Inc. (NYSE:LDOS) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,607 shares of the aerospace company’s stock, valued at approximately $232,000.

A number of other large investors have also recently added to or reduced their stakes in LDOS. Duncker Streett & Co. Inc. acquired a new stake in shares of Leidos in the fourth quarter valued at approximately $27,000. Berbice Capital Management LLC purchased a new position in Leidos during the fourth quarter worth $29,000. Mather Group LLC. raised its holdings in shares of Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 156 shares during the last quarter. Human Investing LLC purchased a new stake in shares of Leidos in the fourth quarter valued at $52,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Leidos during the fourth quarter valued at $57,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the transaction, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now owns 11,264 shares of the company’s stock, valued at $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LDOS shares. StockNews.com lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th. Wells Fargo & Company dropped their price target on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and decreased their price target for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. Truist Financial dropped their price objective on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and an average target price of $178.07.

Leidos Price Performance

Shares of LDOS opened at $135.78 on Tuesday. The stock’s fifty day moving average is $139.03 and its 200-day moving average is $154.15. The firm has a market capitalization of $17.41 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. Leidos Holdings, Inc. has a one year low of $123.23 and a one year high of $202.90.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. Leidos’s payout ratio is currently 17.32%.

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.