Klein Pavlis & Peasley Financial Inc. Acquires Shares of 16,200 Leidos Holdings, Inc. $LDOS

Key Points

• Klein Pavlis & Peasley Financial Inc. acquired 16,200 shares of Leidos Holdings, Inc., valued at approximately $2.56 million, making it the 20th largest position in their portfolio.
• Leidos reported a quarterly EPS of $3.21, exceeding analysts' expectations of $2.63, with a revenue of $4.25 billion.
• The company recently declared a quarterly dividend of $0.40, resulting in a 0.9% yield, with an annualized dividend of $1.60.

Klein Pavlis & Peasley Financial Inc. acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,200 shares of the aerospace company's stock, valued at approximately $2,556,000. Leidos comprises about 1.7% of Klein Pavlis & Peasley Financial Inc.'s portfolio, making the stock its 20th largest position.

A number of other hedge funds also recently bought and sold shares of the business. Kendall Capital Management raised its holdings in Leidos by 93.7% in the 2nd quarter. Kendall Capital Management now owns 4,270 shares of the aerospace company's stock valued at $674,000 after acquiring an additional 2,065 shares during the last quarter. Patton Fund Management Inc. acquired a new stake in Leidos in the 2nd quarter valued at about $238,000. Kathmere Capital Management LLC raised its holdings in Leidos by 145.6% in the 2nd quarter. Kathmere Capital Management LLC now owns 7,998 shares of the aerospace company's stock valued at $1,262,000 after acquiring an additional 4,742 shares during the last quarter. TCI Wealth Advisors Inc. acquired a new stake in Leidos in the 2nd quarter valued at about $213,000. Finally, McAdam LLC purchased a new stake in shares of Leidos in the 2nd quarter valued at approximately $286,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Stock Performance

NYSE:LDOS opened at $184.95 on Monday. 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 stock has a market capitalization of $23.73 billion, a P/E ratio of 17.48, a PEG ratio of 1.73 and a beta of 0.71. The company has a 50 day moving average price of $176.66 and a 200 day moving average price of $158.21. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90.

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

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, September 15th. Leidos's dividend payout ratio (DPR) is currently 15.12%.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.05, for a total value of $356,100.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Stephen Edward Hull sold 12,497 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $178.14, for a total transaction of $2,226,215.58. Following the completion of the transaction, the insider directly owned 25,817 shares of the company's stock, valued at $4,599,040.38. This represents a 32.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,975 shares of company stock valued at $4,078,740 in the last 90 days. Company insiders own 0.69% of the company's stock.

Analyst Ratings Changes

LDOS has been the subject of several analyst reports. UBS Group increased their price target 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. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Argus increased their price target on shares of Leidos from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the company a "buy" rating in a research note on Tuesday, June 24th. Finally, Citigroup reissued a "buy" rating and issued a $190.00 price target (up previously from $186.00) on shares of Leidos in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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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