Cwm LLC Boosts Stake in Leidos Holdings, Inc. $LDOS

Cwm LLC increased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 180.4% during the third quarter, HoldingsChannel reports. The fund owned 33,441 shares of the aerospace company’s stock after buying an additional 21,513 shares during the period. Cwm LLC’s holdings in Leidos were worth $6,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Leidos by 3.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,528,630 shares of the aerospace company’s stock worth $556,677,000 after purchasing an additional 111,813 shares during the period. Boston Partners boosted its holdings in Leidos by 3.7% during the second quarter. Boston Partners now owns 2,909,142 shares of the aerospace company’s stock worth $460,203,000 after buying an additional 103,321 shares in the last quarter. Norges Bank acquired a new position in Leidos during the second quarter worth about $261,501,000. Alliancebernstein L.P. increased its holdings in Leidos by 64.4% in the second quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after buying an additional 598,974 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Leidos by 21.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,433,712 shares of the aerospace company’s stock valued at $223,731,000 after acquiring an additional 250,555 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Price Performance

Leidos stock opened at $183.19 on Wednesday. The stock has a market capitalization of $23.42 billion, a P/E ratio of 17.09, a P/E/G ratio of 1.36 and a beta of 0.58. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $205.77. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.62 and a quick ratio of 1.50. The firm’s 50-day moving average is $189.10 and its two-hundred day moving average is $179.42.

Leidos (NYSE:LDOS) 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 net margin of 8.11% and a return on equity of 33.02%. The business had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.28 billion. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. Equities analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. This is a positive change from Leidos’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, December 15th. Leidos’s payout ratio is 16.04%.

Analyst Ratings Changes

LDOS has been the topic of a number of research reports. Truist Financial restated a “buy” rating and issued a $220.00 price target (up previously from $200.00) on shares of Leidos in a report on Tuesday, November 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $230.00 target price on shares of Leidos in a report on Wednesday, November 5th. UBS Group raised their price target on Leidos from $209.00 to $216.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Zacks Research lowered shares of Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Finally, Bank of America increased their price objective on shares of Leidos from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $205.42.

Insider Activity at Leidos

In other news, insider Elizabeth A. Porter sold 3,000 shares of Leidos stock in a transaction on Friday, December 19th. The stock was sold at an average price of $181.04, for a total value of $543,120.00. Following the completion of the sale, the insider owned 41,575 shares of the company’s stock, valued at $7,526,738. The trade was a 6.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Leidos Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.