Cim Investment Management Inc. Purchases 13,128 Shares of Leidos Holdings, Inc. $LDOS

Cim Investment Management Inc. raised its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 99.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,304 shares of the aerospace company’s stock after buying an additional 13,128 shares during the period. Leidos comprises 0.8% of Cim Investment Management Inc.’s portfolio, making the stock its 21st largest holding. Cim Investment Management Inc.’s holdings in Leidos were worth $3,969,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kendall Capital Management boosted its position in shares of Leidos by 93.7% during the second quarter. Kendall Capital Management now owns 4,270 shares of the aerospace company’s stock worth $674,000 after acquiring an additional 2,065 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in shares of Leidos by 145.6% in the 2nd quarter. Kathmere Capital Management LLC now owns 7,998 shares of the aerospace company’s stock valued at $1,262,000 after purchasing an additional 4,742 shares during the last quarter. McAdam LLC purchased a new position in Leidos during the second quarter worth $286,000. Klein Pavlis & Peasley Financial Inc. bought a new position in Leidos during the 2nd quarter valued at about $2,556,000. Finally, Amundi raised its holdings in shares of Leidos by 19.1% in the first quarter. Amundi now owns 88,927 shares of the aerospace company’s stock worth $12,404,000 after buying an additional 14,246 shares during the period. 76.12% of the stock is currently owned by institutional investors.

Leidos Trading Down 0.4%

Shares of NYSE:LDOS opened at $189.83 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $205.77. The business has a 50 day moving average of $190.55 and a two-hundred day moving average of $175.99. The company has a market capitalization of $24.27 billion, a PE ratio of 17.71, a PEG ratio of 1.39 and a beta of 0.58.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.61 by $0.44. Leidos had a net margin of 8.11% and a return on equity of 33.02%. The firm had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.28 billion. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. As a group, analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Leidos’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, December 15th. Leidos’s payout ratio is currently 14.93%.

Analyst Upgrades and Downgrades

LDOS has been the subject of a number of research analyst reports. Citigroup initiated coverage on shares of Leidos in a report on Thursday. They set a “buy” rating and a $218.00 price objective for the company. Argus boosted their target price on shares of Leidos from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Leidos in a research report on Monday, December 8th. Zacks Research lowered shares of Leidos from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Finally, UBS Group raised their price objective on Leidos from $209.00 to $216.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $205.42.

Leidos 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.