Applied Finance Capital Management LLC Sells 244 Shares of Leidos Holdings, Inc. $LDOS

Applied Finance Capital Management LLC lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 7.3% during the second quarter, HoldingsChannel.com reports. The fund owned 3,078 shares of the aerospace company’s stock after selling 244 shares during the period. Applied Finance Capital Management LLC’s holdings in Leidos were worth $486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LDOS. Pacer Advisors Inc. grew its position in Leidos by 3,450.0% in the first quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company’s stock valued at $95,012,000 after acquiring an additional 684,272 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in 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 during the last quarter. Victory Capital Management Inc. grew its position in 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 during the last quarter. Nuveen LLC bought a new position in Leidos in the first quarter valued at about $45,665,000. Finally, Allianz Asset Management GmbH grew its position in Leidos by 262.9% in the first quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company’s stock valued at $62,005,000 after acquiring an additional 332,882 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LDOS. Royal Bank Of Canada raised Leidos from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 4th. Citigroup reissued a “buy” rating and set a $190.00 price target (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Jefferies Financial Group raised Leidos from a “hold” rating to a “buy” rating and lifted their price target for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Leidos in a research note on Wednesday, October 8th. Finally, Truist Financial set a $195.00 price target on Leidos in a research note on Tuesday, September 30th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $188.31.

Leidos Price Performance

Leidos stock opened at $184.35 on Friday. The stock’s 50 day moving average is $184.35 and its 200 day moving average is $163.57. 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 firm has a market cap of $23.65 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.73 and a beta of 0.71. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, September 15th. Leidos’s payout ratio is presently 15.12%.

Insiders Place Their Bets

In other Leidos 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 completion of the sale, the director directly owned 10,137 shares in the company, valued at approximately $1,804,892.85. The trade was a 16.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory R. Dahlberg sold 952 shares of Leidos stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $168,913.36. Following the completion of the sale, the director owned 21,068 shares of the company’s stock, valued at approximately $3,738,095.24. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,975 shares of company stock worth $4,078,740. 0.96% of the stock is owned by corporate insiders.

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.