Ieq Capital LLC Raises Stock Position in Leidos Holdings, Inc. $LDOS

Key Points

• Ieq Capital LLC increased its stake in Leidos Holdings by 155.3%, acquiring an additional 8,195 shares and bringing its total holdings to 13,473 shares valued at approximately $1.8 million.
• Several hedge funds have significantly increased their investments in Leidos, with Pacer Advisors increasing their stake by 3,450%, indicating strong institutional interest in the company.
• Leidos recently announced a quarterly dividend of $0.40 per share, representing an annualized dividend of $1.60 and a yield of 0.9%, with the ex-dividend date set for September 15th.

Ieq Capital LLC raised its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 155.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,473 shares of the aerospace company's stock after purchasing an additional 8,195 shares during the period. Ieq Capital LLC's holdings in Leidos were worth $1,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FORA Capital LLC purchased a new position in shares of Leidos in the first quarter worth about $1,433,000. Oliver Luxxe Assets LLC increased its stake in shares of Leidos by 8.4% in the 1st quarter. Oliver Luxxe Assets LLC now owns 9,242 shares of the aerospace company's stock worth $1,247,000 after purchasing an additional 716 shares in the last quarter. Systematic Financial Management LP increased its stake in Leidos by 0.7% in the 1st quarter. Systematic Financial Management LP now owns 165,563 shares of the aerospace company's stock worth $22,341,000 after buying an additional 1,093 shares in the last quarter. Groupe la Francaise grew its position in shares of Leidos by 6.2% during the first quarter. Groupe la Francaise now owns 1,566 shares of the aerospace company's stock valued at $212,000 after purchasing an additional 91 shares in the last quarter. Finally, Allstate Corp grew its position in shares of Leidos by 22.8% during the first quarter. Allstate Corp now owns 4,591 shares of the aerospace company's stock valued at $620,000 after purchasing an additional 853 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Stock Performance

NYSE LDOS traded up $0.58 during trading on Thursday, reaching $178.29. The company's stock had a trading volume of 1,065,081 shares, compared to its average volume of 1,324,742. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 2.07 and a beta of 0.71. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The business's fifty day moving average price is $169.26 and its 200-day moving average price is $151.81.

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results 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 company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same period in the prior year, the business posted $2.63 earnings per share. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

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

Analyst Ratings Changes

LDOS has been the subject of several analyst reports. Royal Bank Of Canada set a $210.00 price objective on shares of Leidos and gave the stock an "outperform" rating in a research note on Wednesday. Citigroup restated 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. Robert W. Baird downgraded shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target for the company. in a research report on Tuesday, May 27th. Wells Fargo & Company upped their price objective on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, UBS Group upped their price objective on shares of Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Leidos currently has an average rating of "Moderate Buy" and an average price target of $183.31.

Insiders Place Their Bets

In other Leidos news, insider Stephen Edward Hull sold 7,526 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $176.39, for a total transaction of $1,327,511.14. Following the transaction, the insider owned 26,481 shares of the company's stock, valued at $4,670,983.59. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.05, for a total transaction of $356,100.00. Following the transaction, the director directly owned 10,137 shares in the company, valued at approximately $1,804,892.85. This represents a 16.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,478 shares of company stock valued at $1,852,525 over the last quarter. Company insiders own 0.69% of the company's stock.

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.