FormulaFolio Investments LLC Invests $436,000 in Leidos Holdings, Inc. (NYSE:LDOS)

FormulaFolio Investments LLC purchased a new position in Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,150 shares of the aerospace company’s stock, valued at approximately $436,000.

Several other institutional investors and hedge funds also recently modified their holdings of LDOS. Public Employees Retirement System of Ohio lifted its position in Leidos by 25.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 69,298 shares of the aerospace company’s stock valued at $7,285,000 after acquiring an additional 14,055 shares in the last quarter. Dudley & Shanley Inc. bought a new position in Leidos in the 4th quarter valued at approximately $15,242,000. Truadvice LLC lifted its position in Leidos by 16.8% in the 4th quarter. Truadvice LLC now owns 2,647 shares of the aerospace company’s stock valued at $295,000 after acquiring an additional 380 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its position in Leidos by 5.7% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 16,667 shares of the aerospace company’s stock valued at $1,752,000 after acquiring an additional 904 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Leidos by 27.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 66,483 shares of the aerospace company’s stock valued at $5,927,000 after acquiring an additional 14,373 shares in the last quarter. 74.18% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:LDOS opened at $98.53 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.94 and a quick ratio of 0.86. The firm has a market capitalization of $13.99 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 1.52 and a beta of 1.05. Leidos Holdings, Inc. has a one year low of $79.15 and a one year high of $113.75. The business has a fifty day moving average price of $95.55 and a 200-day moving average price of $98.24.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, February 23rd. The aerospace company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.39 billion. Leidos had a return on equity of 23.45% and a net margin of 5.10%. Leidos’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 EPS. On average, equities research analysts expect that Leidos Holdings, Inc. will post 5.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Monday, March 15th were paid a $0.34 dividend. The ex-dividend date was Friday, March 12th. This represents a $1.36 dividend on an annualized basis and a yield of 1.38%. Leidos’s payout ratio is presently 26.31%.

Several equities analysts recently issued reports on LDOS shares. Argus lowered their price objective on Leidos from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, March 8th. Bank of America increased their price target on Leidos from $120.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, March 9th. Morgan Stanley lowered their price target on Leidos from $113.00 to $105.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 16th. Credit Suisse Group lowered their price target on Leidos from $137.00 to $118.00 and set an “outperform” rating on the stock in a report on Tuesday, March 2nd. Finally, The Goldman Sachs Group raised Leidos from a “neutral” rating to a “buy” rating and increased their price target for the company from $111.00 to $116.00 in a report on Monday. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $115.08.

Leidos Company Profile

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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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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