10,619 Shares in Leidos Holdings, Inc. $LDOS Acquired by FORA Capital LLC

Key Points

• FORA Capital LLC has purchased a new position in Leidos Holdings, Inc., acquiring 10,619 shares valued at approximately $1.43 million.
• Leidos reported strong quarterly earnings, with $3.21 EPS beating estimates of $2.63, and revenue of $4.25 billion, reflecting a 2.9% year-over-year increase.
• The company declared a quarterly dividend of $0.40 per share, with an upcoming payment date of September 30th for shareholders of record on September 15th.

FORA Capital LLC bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,619 shares of the aerospace company's stock, valued at approximately $1,433,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LDOS. Kovitz Investment Group Partners LLC purchased a new stake in Leidos during the fourth quarter worth $204,000. Boothbay Fund Management LLC acquired a new stake in shares of Leidos during the fourth quarter valued at $236,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Leidos during the fourth quarter valued at $25,000. Northern Trust Corp lifted its position in Leidos by 2.0% during the fourth quarter. Northern Trust Corp now owns 1,208,015 shares of the aerospace company's stock worth $174,027,000 after buying an additional 23,153 shares during the period. Finally, Lido Advisors LLC lifted its position in Leidos by 1.1% during the fourth quarter. Lido Advisors LLC now owns 11,056 shares of the aerospace company's stock worth $1,593,000 after buying an additional 119 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Stock Performance

NYSE:LDOS traded down $0.48 during midday trading on Friday, reaching $180.88. 671,024 shares of the company traded hands, compared to its average volume of 895,447. The company has a fifty day moving average price of $167.62 and a 200 day moving average price of $150.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. The firm has a market capitalization of $23.21 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 2.07 and a beta of 0.65. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve 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 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the previous year, the business earned $2.63 EPS. The company's quarterly revenue was up 2.9% compared to the same quarter last year. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.40 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Leidos's payout ratio is 15.12%.

Analyst Ratings Changes

Several research firms recently weighed in on LDOS. Citigroup reiterated a "buy" rating and set a $190.00 target price (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Wells Fargo & Company raised their price objective on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Jefferies Financial Group upgraded Leidos from a "hold" rating to a "buy" rating and raised their price objective for the stock from $185.00 to $205.00 in a report on Wednesday, August 6th. Royal Bank Of Canada raised their price objective on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Finally, Robert W. Baird downgraded Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $179.46.

Insider Buying and Selling at Leidos

In other news, Director Gregory R. Dahlberg sold 952 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the completion of the sale, the director owned 21,068 shares in the company, valued at approximately $3,738,095.24. This represents a 4.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $356,100.00. Following the sale, the director owned 10,137 shares of the company's stock, valued at approximately $1,804,892.85. This trade represents a 16.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,478 shares of company stock worth $1,852,525 over the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

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.