Lewis Asset Management LLC Purchases Shares of 1,585 Leidos Holdings, Inc. $LDOS

Lewis Asset Management LLC bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the second quarter, HoldingsChannel.com reports. The fund bought 1,585 shares of the aerospace company’s stock, valued at approximately $250,000.

Other hedge funds have also made changes to their positions in the company. REAP Financial Group LLC raised its stake in shares of Leidos by 422.2% in the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 152 shares during the period. MCF Advisors LLC purchased a new position in shares of Leidos in the 1st quarter valued at $27,000. Optimum Investment Advisors raised its stake in shares of Leidos by 260.0% in the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 169 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of Leidos in the 1st quarter valued at $33,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Leidos in the 1st quarter valued at $54,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insiders Place Their Bets

In other Leidos news, Director Gregory R. Dahlberg sold 952 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $168,913.36. Following the sale, the director directly owned 21,068 shares in the company, valued at approximately $3,738,095.24. The trade was a 4.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Edward Hull sold 12,497 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $178.14, for a total transaction of $2,226,215.58. Following the sale, the insider owned 25,817 shares in the company, valued at $4,599,040.38. This trade represents a 32.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,975 shares of company stock worth $4,078,740. 0.69% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LDOS shares. Royal Bank Of Canada raised shares of Leidos from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 4th. Baird R W downgraded shares of Leidos from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Jefferies Financial Group raised shares of Leidos from a “hold” rating to a “buy” rating and lifted their price target for the stock from $185.00 to $205.00 in a research note on Wednesday, August 6th. Wall Street Zen downgraded shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Citigroup reaffirmed a “buy” rating and set a $190.00 price target (up previously from $186.00) on shares of Leidos in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Leidos presently has an average rating of “Moderate Buy” and a consensus target price of $183.31.

Leidos Trading Up 0.2%

Leidos stock opened at $187.80 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average price of $174.77 and a two-hundred day moving average price of $156.79. The firm has a market capitalization of $24.09 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.76 and a beta of 0.71. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.58. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. Leidos’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, September 15th. Leidos’s payout ratio is 15.12%.

About Leidos

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.