Oliver Luxxe Assets LLC Boosts Stake in Leidos Holdings, Inc. $LDOS

Key Points

• Oliver Luxxe Assets LLC increased its stake in Leidos Holdings by 56.3% during Q2, owning 14,449 shares valued at approximately $2.28 million.
• Leidos announced a quarterly dividend of $0.40 per share, to be paid on September 30th, representing an annualized yield of 0.9%.
• Several analysts have upgraded their ratings on Leidos, with a consensus "Moderate Buy" rating and an average price target of $183.31.

Oliver Luxxe Assets LLC increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 56.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,449 shares of the aerospace company's stock after acquiring an additional 5,207 shares during the period. Oliver Luxxe Assets LLC's holdings in Leidos were worth $2,279,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LDOS. GAMMA Investing LLC grew its holdings in Leidos by 30.2% during the second quarter. GAMMA Investing LLC now owns 2,251 shares of the aerospace company's stock valued at $355,000 after purchasing an additional 522 shares during the period. Lewis Asset Management LLC bought a new position in Leidos during the second quarter valued at $250,000. Park Avenue Securities LLC grew its holdings in Leidos by 77.0% during the second quarter. Park Avenue Securities LLC now owns 15,172 shares of the aerospace company's stock valued at $2,394,000 after purchasing an additional 6,600 shares during the period. Farther Finance Advisors LLC grew its holdings in Leidos by 10.3% during the second quarter. Farther Finance Advisors LLC now owns 3,524 shares of the aerospace company's stock valued at $556,000 after purchasing an additional 330 shares during the period. Finally, Wedge Capital Management L L P NC grew its holdings in Leidos by 6.5% during the second quarter. Wedge Capital Management L L P NC now owns 41,860 shares of the aerospace company's stock valued at $6,604,000 after purchasing an additional 2,565 shares during the period. 76.12% of the stock is owned by institutional investors.

Insider Activity

In other Leidos news, Director Gary Stephen May sold 2,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.05, for a total value of $356,100.00. Following the transaction, the director directly owned 10,137 shares in the company, valued at $1,804,892.85. This represents a 16.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $168,913.36. Following the transaction, the director owned 21,068 shares in the company, valued at approximately $3,738,095.24. This represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,975 shares of company stock worth $4,078,740. 0.69% of the stock is currently owned by corporate insiders.

Leidos Stock Up 0.2%

NYSE LDOS traded up $0.35 during mid-day trading on Monday, reaching $187.80. The stock had a trading volume of 753,552 shares, compared to its average volume of 779,059. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The stock has a market cap of $24.09 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. The company has a fifty day moving average price of $174.77 and a 200 day moving average price of $156.79.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $4.24 billion. During the same quarter in the previous year, the firm posted $2.63 EPS. The firm'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. On average, research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently declared 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 presently 15.12%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LDOS. Citigroup restated a "buy" rating and set a $190.00 target price (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. Jefferies Financial Group upgraded Leidos from a "hold" rating to a "buy" rating and increased their target price for the stock from $185.00 to $205.00 in a research report on Wednesday, August 6th. UBS Group increased their target price on Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Stifel Nicolaus set a $178.00 target price on Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. One investment 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. According to data from MarketBeat, Leidos has a consensus rating of "Moderate Buy" and a consensus price target 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.