GC Wealth Management RIA LLC Acquires Shares of 1,729 Leidos Holdings, Inc. $LDOS

Key Points

• GC Wealth Management RIA LLC has acquired 1,729 shares of Leidos Holdings, Inc. (NYSE:LDOS) valued at approximately $273,000, highlighting a growing interest in the aerospace sector among institutional investors.
• Leidos reported a quarterly EPS of $3.21, surpassing analyst expectations of $2.63, and saw a 2.9% increase in revenue year-over-year to $4.25 billion.
• The company declared a quarterly dividend of $0.40, which equates to an annualized dividend yield of 0.8% and reflects a 15.12% dividend payout ratio.

GC Wealth Management RIA LLC bought a new position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,729 shares of the aerospace company's stock, valued at approximately $273,000.

Several other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted 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 worth $461,065,000 after buying an additional 251,245 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 worth $315,250,000 after buying an additional 536,452 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Leidos by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company's stock worth $253,262,000 after buying an additional 170,263 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Leidos by 3.0% in the 1st quarter. AQR Capital Management LLC now owns 1,183,157 shares of the aerospace company's stock worth $159,342,000 after buying an additional 34,328 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Leidos by 130.3% in the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company's stock worth $96,001,000 after buying an additional 402,454 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Trading Up 1.4%

Leidos stock opened at $191.53 on Thursday. The stock has a 50-day moving average of $178.27 and a two-hundred day moving average of $159.01. 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 one year low of $123.62 and a one year high of $202.90. The stock has a market cap of $24.57 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.77 and a beta of 0.71.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $4.24 billion. During the same period last year, the business posted $2.63 earnings per share. The firm's 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, research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LDOS shares. UBS Group upped their target price on Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Citigroup restated a "buy" rating and set a $190.00 price objective (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Truist Financial set a $195.00 price objective on Leidos in a research note on Tuesday. Wall Street Zen cut Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Royal Bank Of Canada upgraded Leidos from a "hold" rating to a "moderate buy" rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Leidos has a consensus rating of "Moderate Buy" and a consensus price target of $188.31.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,000 shares of the 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 completion of the sale, the director directly owned 10,137 shares in the company, valued at approximately $1,804,892.85. This trade represents a 16.48% 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, Director Gregory R. Dahlberg sold 952 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $168,913.36. Following the completion of the sale, the director owned 21,068 shares of the company's stock, valued at approximately $3,738,095.24. This trade represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,975 shares of company stock worth $4,078,740. 0.96% of the stock is owned by insiders.

About Leidos

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.

Want to see what other hedge funds are holding LDOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leidos Holdings, Inc. (NYSE:LDOS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.