Leidos Holdings, Inc. $LDOS Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 4.7% during the second quarter, Holdings Channel.com reports. The firm owned 60,984 shares of the aerospace company’s stock after selling 3,006 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Leidos were worth $9,621,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. MCF Advisors LLC acquired a new stake in shares of Leidos during the 1st quarter worth about $27,000. First Pacific Financial acquired a new stake in shares of Leidos during the 2nd quarter worth about $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of Leidos during the 2nd quarter worth about $29,000. Optimum Investment Advisors raised its position in shares of Leidos by 260.0% during the 1st 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. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Leidos during the 1st quarter worth about $33,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Up 1.5%

Leidos stock opened at $195.73 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The company has a market cap of $25.11 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.83 and a beta of 0.71. The stock’s 50 day moving average price is $179.51 and its 200 day moving average price is $160.10.

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

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.40 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. Leidos’s payout ratio is 15.12%.

Wall Street Analysts Forecast Growth

LDOS has been the topic of several research analyst reports. Citigroup reaffirmed a “buy” rating and set a $190.00 price target (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leidos in a research report on Saturday, September 27th. Royal Bank Of Canada raised Leidos from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 4th. Wall Street Zen lowered Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Truist Financial set a $195.00 price target on Leidos in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $188.31.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 2,000 shares of Leidos stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.05, for a total value of $356,100.00. Following the sale, the director directly owned 10,137 shares in the company, valued at $1,804,892.85. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Edward Hull sold 12,497 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $178.14, for a total value of $2,226,215.58. Following the sale, the insider owned 25,817 shares in the company, valued at approximately $4,599,040.38. The trade was a 32.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,975 shares of company stock worth $4,078,740 over the last three months. 0.96% of the stock is currently owned by corporate insiders.

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.