Leidos Holdings, Inc. $LDOS Shares Acquired by 1858 Wealth Management LLC

1858 Wealth Management LLC increased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 3.6% during the 2nd quarter, Holdings Channel reports. The fund owned 7,311 shares of the aerospace company’s stock after purchasing an additional 257 shares during the quarter. 1858 Wealth Management LLC’s holdings in Leidos were worth $1,153,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Leidos by 7.9% in the first quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company’s stock valued at $461,065,000 after acquiring an additional 251,245 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Leidos by 29.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock valued at $315,250,000 after acquiring an additional 536,452 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Leidos by 10.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company’s stock valued at $253,262,000 after acquiring an additional 170,263 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Leidos by 3.0% in the first quarter. AQR Capital Management LLC now owns 1,183,157 shares of the aerospace company’s stock valued at $159,342,000 after acquiring an additional 34,328 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Leidos by 130.3% in the first quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company’s stock valued at $96,001,000 after acquiring an additional 402,454 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Performance

Shares of LDOS stock opened at $187.89 on Friday. The stock’s 50-day moving average is $182.98 and its two-hundred day moving average is $162.00. The firm has a market cap of $24.11 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 1.76 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 quick ratio of 1.50 and a current ratio of 1.62.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.58. The company 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%.The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Leidos’s dividend payout ratio (DPR) is presently 15.12%.

Insider Buying and Selling

In related news, insider Stephen Edward Hull sold 12,497 shares of the firm’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 transaction, the insider owned 25,817 shares of the company’s stock, valued at $4,599,040.38. This trade represents a 32.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary Stephen May sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.05, for a total value of $356,100.00. Following the transaction, the director directly owned 10,137 shares in the company, valued at approximately $1,804,892.85. This represents a 16.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,975 shares of company stock valued at $4,078,740 over the last quarter. 0.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group raised their price target on Leidos from $168.00 to $184.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Jefferies Financial Group upgraded Leidos from a “hold” rating to a “buy” rating and raised their price target for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Leidos in a research note on Wednesday. Citigroup restated a “buy” rating and issued a $190.00 price target (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Finally, Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $188.31.

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.