Leidos Holdings, Inc. $LDOS Shares Purchased by Kendall Capital Management

Kendall Capital Management increased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 93.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,270 shares of the aerospace company’s stock after purchasing an additional 2,065 shares during the period. Kendall Capital Management’s holdings in Leidos were worth $674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of LDOS. MCF Advisors LLC acquired a new stake in shares of Leidos during the first quarter worth $27,000. Optimum Investment Advisors raised its position in Leidos by 260.0% in the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 169 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Leidos in the first quarter worth $33,000. N.E.W. Advisory Services LLC purchased a new position in Leidos in the first quarter worth $54,000. Finally, Sentry Investment Management LLC purchased a new position in Leidos in the first quarter worth $55,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Argus increased their price objective on Leidos from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank Of Canada upgraded Leidos from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 4th. Jefferies Financial Group upgraded Leidos from a “hold” rating to a “buy” rating and increased their price objective for the stock from $185.00 to $205.00 in a research report on Wednesday, August 6th. Finally, Stifel Nicolaus set a $178.00 price target on Leidos and gave the company a “buy” rating in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Leidos presently has an average rating of “Moderate Buy” and an average target price of $185.21.

Leidos Stock Performance

NYSE LDOS opened at $184.95 on Friday. The firm has a market capitalization of $23.73 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.71 and a beta of 0.71. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. The business’s 50-day simple moving average is $176.66 and its 200-day simple moving average is $157.87.

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

Leidos Announces Dividend

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

Insider Buying and Selling

In related news, Director Gary Stephen May sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.05, for a total transaction of $356,100.00. Following the transaction, the director directly owned 10,137 shares of the company’s stock, valued at approximately $1,804,892.85. The trade was a 16.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gregory R. Dahlberg sold 952 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the transaction, the director directly owned 21,068 shares of the company’s stock, valued at approximately $3,738,095.24. This represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,975 shares of company stock valued at $4,078,740. Corporate insiders own 0.96% of the company’s stock.

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.