Insight Wealth Strategies LLC Grows Position in Leidos Holdings, Inc. $LDOS

Key Points

• Insight Wealth Strategies LLC significantly increased its position in Leidos Holdings, raising its holdings by 1,290.5% in the 2nd quarter, now owning 28,992 shares valued at approximately $4.67 million.
• Leidos reported $3.21 EPS for the last quarter, outperforming analysts’ expectations of $2.63, along with a revenue of $4.25 billion, which was slightly above projections.
• The company is set to pay a quarterly dividend of $0.40 per share on September 30th, reflecting an annualized yield of 0.9% and a payout ratio of 15.12%.

Insight Wealth Strategies LLC raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 1,290.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,992 shares of the aerospace company's stock after acquiring an additional 26,907 shares during the period. Insight Wealth Strategies LLC's holdings in Leidos were worth $4,666,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Sowell Financial Services LLC bought a new position in Leidos during the 1st quarter worth approximately $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 worth $2,858,000 after buying an additional 6,418 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Leidos by 263.7% in 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 last quarter. Harbor Capital Advisors Inc. grew its position in shares of Leidos by 2,940.8% in 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 last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Leidos by 16.9% in 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 last quarter. 76.12% of the stock is currently owned by institutional investors.

Leidos Trading Down 0.6%

LDOS opened at $184.02 on Friday. The business has a 50 day moving average of $172.09 and a 200-day moving average of $154.42. The stock has a market cap of $23.61 billion, a PE ratio of 17.39, a PEG ratio of 1.73 and a beta of 0.71. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week 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.

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

Leidos Dividend Announcement

The business 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 dividend of $0.40 per share. 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 presently 15.12%.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 952 shares of Leidos stock in a transaction on 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 transaction, the director owned 21,068 shares in the company, valued at approximately $3,738,095.24. The trade was a 4.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Edward Hull sold 12,497 shares of Leidos stock in a transaction on 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 transaction, the insider owned 25,817 shares of the company's stock, valued at $4,599,040.38. The trade was a 32.62% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,975 shares of company stock worth $4,078,740. 0.96% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus set a $178.00 price objective on Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Wall Street Zen lowered Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group raised their target price on Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Finally, Robert W. Baird cut Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price for the company. in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Leidos presently has an average rating of "Moderate Buy" and a consensus target price of $183.31.

Leidos Company 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.

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