Gibraltar Capital Management Inc. Has $8.71 Million Stock Position in Leidos Holdings, Inc. $LDOS

Gibraltar Capital Management Inc. lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 8.7% during the third quarter, HoldingsChannel reports. The firm owned 46,116 shares of the aerospace company’s stock after selling 4,410 shares during the quarter. Leidos makes up 1.6% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 16th largest position. Gibraltar Capital Management Inc.’s holdings in Leidos were worth $8,714,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in LDOS. Ritholtz Wealth Management increased its position in Leidos by 16.4% during the third quarter. Ritholtz Wealth Management now owns 23,451 shares of the aerospace company’s stock worth $4,431,000 after buying an additional 3,307 shares during the last quarter. Nwam LLC boosted its holdings in shares of Leidos by 793.9% during the 3rd quarter. Nwam LLC now owns 19,049 shares of the aerospace company’s stock worth $3,590,000 after buying an additional 16,918 shares during the period. Kera Capital Partners Inc. grew its stake in Leidos by 26.9% in the 3rd quarter. Kera Capital Partners Inc. now owns 1,767 shares of the aerospace company’s stock valued at $334,000 after buying an additional 375 shares during the last quarter. Retirement Planning Group LLC bought a new position in Leidos in the 3rd quarter valued at about $1,538,000. Finally, Exencial Wealth Advisors LLC lifted its position in Leidos by 8.0% during the third quarter. Exencial Wealth Advisors LLC now owns 5,473 shares of the aerospace company’s stock worth $1,034,000 after acquiring an additional 405 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Performance

Shares of NYSE:LDOS opened at $194.63 on Friday. 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 $24.88 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 1.36 and a beta of 0.58. 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 company’s 50 day simple moving average is $189.12 and its 200 day simple moving average is $182.69.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.28 billion. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. As a group, research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.43 dividend. This is an increase from Leidos’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, December 15th. This represents a $1.72 annualized dividend and a yield of 0.9%. Leidos’s dividend payout ratio is currently 16.04%.

Wall Street Analysts Forecast Growth

LDOS has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Leidos in a report on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Leidos in a research note on Monday, December 29th. Cantor Fitzgerald lifted their price objective on shares of Leidos from $185.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Argus increased their target price on shares of Leidos from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Zacks Research cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $213.09.

Insider Activity at Leidos

In other Leidos news, insider Elizabeth A. Porter sold 3,000 shares of Leidos stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $181.04, for a total transaction of $543,120.00. Following the transaction, the insider directly owned 41,575 shares of the company’s stock, valued at approximately $7,526,738. The trade was a 6.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.96% of the company’s stock.

About Leidos

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.