Kendall Capital Management Raises Stock Holdings in Leidos Holdings, Inc. $LDOS

Key Points

• Kendall Capital Management increased its stake in Leidos Holdings, Inc. by 93.7%, owning 4,270 shares worth approximately $674,000 as of its latest SEC filing.
• Leidos reported $3.21 earnings per share for the last quarter, exceeding analysts' expectations, and its revenue grew by 2.9% year-over-year.
• The company has declared a quarterly dividend of $0.40, representing an annual yield of 0.9%, with the ex-dividend date set for September 15th.

Kendall Capital Management grew its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 93.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,270 shares of the aerospace company's stock after purchasing an additional 2,065 shares during the period. Kendall Capital Management's holdings in Leidos were worth $674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LDOS. Pacer Advisors Inc. increased its stake in Leidos by 3,450.0% during the first quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company's stock worth $95,012,000 after purchasing an additional 684,272 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Leidos by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company's stock worth $315,250,000 after purchasing an additional 536,452 shares during the period. Victory Capital Management Inc. increased its stake in Leidos by 130.3% during the first quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company's stock worth $96,001,000 after purchasing an additional 402,454 shares during the period. Nuveen LLC purchased a new stake in Leidos during the first quarter worth about $45,665,000. Finally, Allianz Asset Management GmbH increased its stake in Leidos by 262.9% during the first quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company's stock worth $62,005,000 after purchasing an additional 332,882 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Stock Performance

Shares of LDOS opened at $184.95 on Friday. The stock has a 50 day moving average price of $176.66 and a 200 day moving average price of $157.87. 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 market capitalization of $23.73 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.71 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.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Research analysts predict 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. Stockholders of record on Monday, September 15th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, September 15th. Leidos's dividend payout ratio is presently 15.12%.

Insider Activity

In other news, insider Stephen Edward Hull sold 12,497 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was 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 directly owned 25,817 shares of the company's stock, valued at approximately $4,599,040.38. This represents a 32.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory R. Dahlberg sold 952 shares of the stock in a transaction that occurred on 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 directly owned 21,068 shares of the company's stock, valued at $3,738,095.24. The trade was 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 valued at $4,078,740. 0.96% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LDOS shares. UBS Group upped their target price on shares of Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Citigroup restated a "buy" rating and set a $190.00 target price (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Argus upped their target price on shares of Leidos from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday. Stifel Nicolaus set a $178.00 target price on shares of Leidos and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Finally, Royal Bank Of Canada upgraded shares of Leidos from a "hold" rating to a "moderate buy" rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Leidos has a consensus rating of "Moderate Buy" and an average target price of $185.21.

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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