Allegiance Financial Group Advisory Services LLC Purchases 4,406 Shares of Leidos Holdings, Inc. $LDOS

Key Points

• Allegiance Financial Group Advisory Services LLC significantly increased its stake in Leidos Holdings, purchasing 4,406 shares to bring its total holdings to 6,155 shares, valued at approximately $971,000.
• Leidos reported $3.21 earnings per share (EPS) for the most recent quarter, exceeding analysts' expectations of $2.63, and indicated a revenue of $4.25 billion.
• The company recently announced a quarterly dividend of $0.40 per share, reflecting an annualized dividend yield of 0.8% and a payout ratio of 15.12%.

Allegiance Financial Group Advisory Services LLC boosted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 251.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,155 shares of the aerospace company's stock after purchasing an additional 4,406 shares during the period. Allegiance Financial Group Advisory Services LLC's holdings in Leidos were worth $971,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in shares of Leidos by 7.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company's stock valued at $461,065,000 after acquiring an additional 251,245 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Leidos by 29.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company's stock valued at $315,250,000 after purchasing an additional 536,452 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Leidos by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company's stock valued at $253,262,000 after purchasing an additional 170,263 shares during the last quarter. AQR Capital Management LLC lifted its position in Leidos by 3.0% during the first quarter. AQR Capital Management LLC now owns 1,183,157 shares of the aerospace company's stock worth $159,342,000 after acquiring an additional 34,328 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Leidos by 130.3% during the first quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company's stock worth $96,001,000 after acquiring an additional 402,454 shares during the last quarter. Institutional investors own 76.12% of the company's stock.

Leidos Stock Performance

Shares of NYSE:LDOS opened at $198.16 on Thursday. The company's 50 day simple moving average is $181.71 and its 200 day simple moving average is $161.06. The stock has a market capitalization of $25.42 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.58. The business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, September 15th. Leidos's payout ratio is presently 15.12%.

Insiders Place Their Bets

In other Leidos news, Director Gregory R. Dahlberg sold 952 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $168,913.36. Following the sale, the director owned 21,068 shares of the company's stock, valued at approximately $3,738,095.24. The trade was a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen Edward Hull sold 12,497 shares of the business's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $178.14, for a total transaction of $2,226,215.58. Following the sale, the insider directly owned 25,817 shares in the company, valued at approximately $4,599,040.38. The trade was a 32.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,975 shares of company stock valued at $4,078,740. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

LDOS has been the subject of several research reports. Citigroup restated a "buy" rating and set a $190.00 price objective (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Wall Street Zen downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Truist Financial set a $195.00 price objective on shares of Leidos in a research report on Tuesday, September 30th. Stifel Nicolaus set a $178.00 price objective on shares of Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, Royal Bank Of Canada upgraded shares of Leidos from a "hold" rating to a "moderate buy" rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $188.31.

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.

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