Lewis Asset Management LLC Invests $250,000 in Leidos Holdings, Inc. $LDOS

Key Points

• Lewis Asset Management LLC has invested approximately $250,000 in 1,585 shares of Leidos Holdings, Inc., indicating growing interest from institutional investors.
• Recent analyst reports have upgraded the stock's rating, with price targets increasing significantly, suggesting a positive outlook for Leidos, currently averaging around $183.31.
• The company recently announced a quarterly dividend of $0.40 per share, with a yield of 0.9%, reflecting strong cash flow management amidst growth forecasts.

Lewis Asset Management LLC bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,585 shares of the aerospace company's stock, valued at approximately $250,000.

Other hedge funds have also made changes to their positions in the company. REAP Financial Group LLC boosted its stake in shares of Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after buying an additional 152 shares during the period. MCF Advisors LLC acquired a new stake in shares of Leidos during the first quarter worth about $27,000. Optimum Investment Advisors boosted its stake in shares of Leidos by 260.0% during the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock worth $32,000 after buying an additional 169 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Leidos during the first quarter worth about $33,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Leidos during the first quarter worth about $54,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LDOS shares. Jefferies Financial Group raised shares of Leidos from a "hold" rating to a "buy" rating and increased their price target for the stock from $185.00 to $205.00 in a report on Wednesday, August 6th. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the stock a "buy" rating in a report on Tuesday, June 24th. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. UBS Group increased their price target on shares of Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada raised shares of Leidos from a "hold" rating to a "moderate buy" rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $183.31.

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 shares were sold at an average price of $177.43, for a total value of $168,913.36. Following the transaction, the director owned 21,068 shares in the company, valued at $3,738,095.24. This trade represents a 4.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $2,226,215.58. Following the completion of the transaction, the insider owned 25,817 shares in the company, valued at approximately $4,599,040.38. This trade represents a 32.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,975 shares of company stock worth $4,078,740 in the last quarter. 0.69% of the stock is owned by insiders.

Leidos Stock Up 0.2%

Shares of NYSE LDOS opened at $187.80 on Tuesday. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The firm's 50 day moving average price is $174.77 and its 200 day moving average price is $156.79. The firm has a market cap of $24.09 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (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 firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter last year, the business earned $2.63 earnings per share. Leidos's revenue 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, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given 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 dividend payout ratio (DPR) is 15.12%.

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.

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