Braun Stacey Associates Inc. Reduces Holdings in Leidos Holdings, Inc. $LDOS

Braun Stacey Associates Inc. reduced its position in Leidos Holdings, Inc. (NYSE:LDOS) by 2.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 112,398 shares of the aerospace company’s stock after selling 3,228 shares during the period. Braun Stacey Associates Inc.’s holdings in Leidos were worth $21,239,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LDOS. First Pacific Financial acquired a new position in shares of Leidos in the second quarter worth about $27,000. Mather Group LLC. acquired a new stake in Leidos during the 3rd quarter valued at approximately $28,000. Raleigh Capital Management Inc. purchased a new stake in Leidos during the 2nd quarter worth approximately $29,000. True Wealth Design LLC raised its position 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 purchasing an additional 165 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. raised its position 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 valued at $34,000 after purchasing an additional 86 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Down 1.5%

Shares of NYSE:LDOS opened at $180.61 on Friday. The company’s fifty day moving average is $188.73 and its two-hundred day moving average is $179.44. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.50 and a current ratio of 1.62. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $205.77. The stock has a market capitalization of $23.09 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 1.32 and a beta of 0.58.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $3.05 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 during the quarter, compared to analyst estimates of $4.28 billion. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. Equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, December 15th. This is an increase from Leidos’s previous quarterly dividend of $0.40. Leidos’s dividend payout ratio (DPR) is currently 16.04%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Leidos from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Argus increased their price objective on shares of Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Leidos in a report on Monday. Cantor Fitzgerald upped their target price on shares of Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $230.00 price target on shares of Leidos in a research report on Wednesday, November 5th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.42.

Insiders Place Their Bets

In other Leidos news, insider Elizabeth A. Porter sold 3,000 shares of the firm’s 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 sale, the insider directly owned 41,575 shares in the company, valued at approximately $7,526,738. This trade represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.96% of the stock is 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.