Geneos Wealth Management Inc. Purchases 2,126 Shares of Leidos Holdings, Inc. $LDOS

Key Points

• Geneos Wealth Management Inc. increased its stake in Leidos Holdings, Inc. by 26.2%, acquiring an additional 2,126 shares, bringing its total holdings to 10,229 shares valued at approximately $1.38 million.
• Several institutional investors have also made significant changes to their positions in Leidos, with Harbor Capital Advisors Inc. boosting its holdings by 2,940.8% in the first quarter.
• Leidos recently reported strong quarterly earnings, with earnings per share of $3.21, exceeding expectations of $2.63, alongside a revenue of $4.25 billion, up 2.9% year-over-year.

Geneos Wealth Management Inc. grew its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 26.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,229 shares of the aerospace company's stock after acquiring an additional 2,126 shares during the period. Geneos Wealth Management Inc.'s holdings in Leidos were worth $1,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sowell Financial Services LLC bought a new position in shares of Leidos in the 1st quarter valued at about $267,000. MidWestOne Financial Group Inc. grew its position in shares of Leidos by 47.8% in the 4th quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock valued at $2,858,000 after acquiring an additional 6,418 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Leidos by 263.7% during the 1st quarter. SG Americas Securities LLC now owns 13,706 shares of the aerospace company's stock worth $1,849,000 after buying an additional 9,938 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Leidos by 2,940.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 2,159 shares of the aerospace company's stock worth $291,000 after buying an additional 2,088 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Leidos by 16.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 49,679 shares of the aerospace company's stock worth $6,704,000 after buying an additional 7,186 shares during the period. Institutional investors own 76.12% of the company's stock.

Wall Street Analyst Weigh In

LDOS has been the subject of several research analyst reports. Baird R W downgraded shares of Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Jefferies Financial Group raised shares of Leidos from a "hold" rating to a "buy" rating and lifted their target price for the stock from $185.00 to $205.00 in a report on Wednesday, August 6th. Royal Bank Of Canada raised shares of Leidos from a "hold" rating to a "moderate buy" rating in a report on Thursday, September 4th. Robert W. Baird downgraded shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price for the company. in a report on Tuesday, May 27th. Finally, Wall Street Zen downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Leidos has a consensus rating of "Moderate Buy" and a consensus price target of $183.31.

Leidos Price Performance

Shares of Leidos stock opened at $184.02 on Friday. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. The company has a 50-day simple moving average of $172.09 and a two-hundred day simple moving average of $154.24. The stock has a market capitalization of $23.61 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71.

Leidos (NYSE:LDOS - Get Free Report) last issued 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. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.24 billion. During the same quarter in the previous year, the company earned $2.63 EPS. The business's revenue was up 2.9% on a year-over-year basis. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.9%. Leidos's payout ratio is 15.12%.

Insiders Place Their Bets

In other Leidos news, insider Stephen Edward Hull sold 12,497 shares of Leidos stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $178.14, for a total value of $2,226,215.58. Following the completion of the sale, the insider owned 25,817 shares in the company, valued at $4,599,040.38. The trade was a 32.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Stephen May sold 2,000 shares of Leidos 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 owned 10,137 shares of the company's stock, valued at $1,804,892.85. This trade represents a 16.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,975 shares of company stock worth $4,078,740 in the last quarter. 0.96% of the stock is currently owned by corporate 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.

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