2,805 Shares in Leidos Holdings, Inc. $LDOS Purchased by Formidable Asset Management LLC

Formidable Asset Management LLC purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,805 shares of the aerospace company’s stock, valued at approximately $530,000.

A number of other hedge funds also recently made changes to their positions in the business. Harbor Capital Advisors Inc. lifted its stake in shares of Leidos by 2.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,203 shares of the aerospace company’s stock worth $416,000 after buying an additional 57 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in Leidos by 2.0% in the 2nd quarter. Personal CFO Solutions LLC now owns 2,974 shares of the aerospace company’s stock valued at $469,000 after acquiring an additional 59 shares during the period. Beacon Pointe Advisors LLC lifted its position in Leidos by 3.7% during the second quarter. Beacon Pointe Advisors LLC now owns 1,639 shares of the aerospace company’s stock worth $259,000 after acquiring an additional 59 shares during the last quarter. CX Institutional boosted its holdings in shares of Leidos by 4.3% during the third quarter. CX Institutional now owns 1,503 shares of the aerospace company’s stock worth $284,000 after acquiring an additional 62 shares during the period. Finally, Quotient Wealth Partners LLC grew its position in shares of Leidos by 4.3% in the second quarter. Quotient Wealth Partners LLC now owns 1,627 shares of the aerospace company’s stock valued at $257,000 after purchasing an additional 67 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Elizabeth A. Porter sold 3,000 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $181.04, for a total value 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 hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Zacks Research cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Leidos in a report on Monday, December 29th. Royal Bank Of Canada restated an “outperform” rating and set a $230.00 target price on shares of Leidos in a research report on Wednesday, November 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $220.00 price target on shares of Leidos in a research report on Wednesday, January 7th. Finally, Cantor Fitzgerald increased their price target on Leidos from $185.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average price target of $213.09.

Leidos Trading Up 0.7%

Shares of LDOS stock opened at $194.63 on Tuesday. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $205.77. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94. The stock has a market cap of $24.89 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.37 and a beta of 0.58. The stock has a 50-day moving average of $189.07 and a 200-day moving average of $183.19.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.44. Leidos had a return on equity of 33.02% and a net margin of 8.11%.The firm 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. On average, equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, December 15th. This is a boost from Leidos’s previous quarterly dividend of $0.40. Leidos’s dividend payout ratio (DPR) is presently 16.04%.

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.