1,500 Shares in Leidos Holdings, Inc. $LDOS Acquired by Corient IA LLC

Key Points

• Corient IA LLC invested $202,000 in Leidos Holdings, Inc. by acquiring 1,500 shares in the first quarter of the year.
• The company reported earnings of $3.21 per share for the most recent quarter, exceeding consensus estimates and demonstrating a year-over-year revenue increase of 2.9%.
• Leidos announced a quarterly dividend of $0.40, reflecting a 0.9% dividend yield with a payout ratio of 15.12%.

Corient IA LLC bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 1,500 shares of the aerospace company's stock, valued at approximately $202,000.

A number of other hedge funds have also recently modified their holdings of the stock. Parallel Advisors LLC lifted its stake in shares of Leidos by 9.1% in the first quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company's stock valued at $131,000 after purchasing an additional 81 shares during the period. Resolute Wealth Strategies LLC grew its holdings in shares of Leidos by 1.9% during the first quarter. Resolute Wealth Strategies LLC now owns 5,134 shares of the aerospace company's stock worth $693,000 after buying an additional 97 shares in the last quarter. Global Financial Private Client LLC grew its holdings in Leidos by 1.4% in the first quarter. Global Financial Private Client LLC now owns 7,085 shares of the aerospace company's stock valued at $956,000 after purchasing an additional 100 shares during the period. Exchange Traded Concepts LLC grew its holdings in Leidos by 9.2% in the first quarter. Exchange Traded Concepts LLC now owns 1,273 shares of the aerospace company's stock valued at $172,000 after purchasing an additional 107 shares during the period. Finally, Syon Capital LLC lifted its position in Leidos by 7.8% during the fourth quarter. Syon Capital LLC now owns 1,487 shares of the aerospace company's stock valued at $214,000 after buying an additional 108 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Performance

Shares of Leidos stock traded up $1.2630 during trading on Friday, hitting $181.7030. 608,930 shares of the stock were exchanged, compared to its average volume of 1,358,198. The stock's fifty day moving average is $163.63 and its 200 day moving average is $149.16. The stock has a market cap of $23.31 billion, a PE ratio of 17.17, a P/E/G ratio of 2.06 and a beta of 0.65. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90.

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

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 annualized dividend and a yield of 0.9%. Leidos's dividend payout ratio is presently 15.12%.

Insider Buying and Selling

In related news, insider Stephen Edward Hull sold 7,526 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $176.39, for a total value of $1,327,511.14. Following the completion of the sale, the insider owned 26,481 shares of the company's stock, valued at $4,670,983.59. This represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,000 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.05, for a total transaction of $356,100.00. Following the completion of the sale, the director directly owned 10,137 shares of the company's stock, valued at $1,804,892.85. The trade was a 16.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,478 shares of company stock valued at $1,852,525 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LDOS. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group lifted their price target on shares of Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Jefferies Financial Group upgraded shares of Leidos from a "hold" rating to a "buy" rating and lifted their price target for the stock from $185.00 to $205.00 in a research note on Wednesday, August 6th. Citigroup restated a "buy" rating and issued a $190.00 price target (up previously from $186.00) on shares of Leidos in a research note on Monday, July 14th. Finally, Wells Fargo & Company lifted their price target on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $179.46.

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.