Brighton Jones LLC Buys Shares of 2,458 Leidos Holdings, Inc. $LDOS

Brighton Jones LLC bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,458 shares of the aerospace company’s stock, valued at approximately $388,000.

Other hedge funds have also added to or reduced their stakes in the company. First Pacific Financial bought a new position in Leidos in the second quarter valued at approximately $27,000. Raleigh Capital Management Inc. bought a new position in shares of Leidos in the 2nd quarter valued at $29,000. MCF Advisors LLC bought a new position in shares of Leidos in the 1st quarter valued at $27,000. REAP Financial Group LLC grew its position in Leidos by 50.0% in the second quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 76 shares during the last quarter. Finally, Optimum Investment Advisors grew its position in Leidos by 260.0% in the first 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 last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Stock Performance

Shares of LDOS opened at $190.88 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $24.49 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. The firm’s fifty day simple moving average is $186.34 and its two-hundred day simple moving average is $167.02. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90.

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

Insiders Place Their Bets

In other news, Director Gregory R. Dahlberg sold 952 shares of the 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 transaction, the director owned 21,068 shares of the company’s stock, valued at $3,738,095.24. This represents a 4.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Edward Hull sold 12,497 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 22,975 shares of company stock worth $4,078,740. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

LDOS has been the topic of several research reports. Citigroup reaffirmed a “buy” rating and set a $190.00 price target (up from $186.00) on shares of Leidos in a report on Monday, July 14th. Truist Financial set a $195.00 target price on shares of Leidos in a research note on Tuesday, September 30th. Wall Street Zen cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Royal Bank Of Canada upgraded Leidos from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 4th. Finally, Zacks Research lowered Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Leidos presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.31.

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.