Flow Traders U.S. LLC bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,143 shares of the aerospace company’s stock, valued at approximately $811,000.
A number of other hedge funds have also modified their holdings of the business. First Pacific Financial purchased a new stake in Leidos in the 2nd quarter valued at about $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of Leidos during the second quarter valued at about $29,000. True Wealth Design LLC raised its stake in shares of Leidos by 471.4% in the 2nd quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 165 shares during the period. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Leidos by 66.2% in the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 86 shares during the last quarter. Finally, REAP Financial Group LLC boosted its position in shares of Leidos by 50.0% during the 2nd quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 76 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have commented on LDOS. Truist Financial restated a “buy” rating and set a $220.00 price target (up from $200.00) on shares of Leidos in a research note on Tuesday, November 4th. Zacks Research downgraded Leidos from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Wall Street Zen raised Leidos from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 30th. Cantor Fitzgerald lifted their target price on Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Argus boosted their price target on shares of Leidos from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $199.23.
Leidos Trading Down 0.4%
LDOS opened at $184.85 on Wednesday. The business has a fifty day moving average price of $190.78 and a 200 day moving average price of $175.38. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.62 and a quick ratio of 1.50. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $205.77. The stock has a market capitalization of $23.63 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.36 and a beta of 0.58.
Leidos (NYSE:LDOS – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $0.44. Leidos had a return on equity of 33.02% and a net margin of 8.11%.The business had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. Sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.
Leidos Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.43 per share. This is a boost from Leidos’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, December 15th. This represents a $1.72 annualized dividend and a yield of 0.9%. Leidos’s dividend payout ratio (DPR) is presently 14.93%.
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.
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