Marks Group Wealth Management Inc Reduces Stake in Leidos Holdings, Inc. $LDOS

Key Points

• Marks Group Wealth Management Inc reduced its stake in Leidos Holdings, Inc. by 4.7%, holding 60,984 shares valued at approximately $9.62 million following the sale of 3,006 shares.
• Several investment firms, including MCF Advisors LLC and First Pacific Financial, have recently established new positions in Leidos, contributing to a total institutional ownership of 76.12% of the company's stock.
• Research analysts generally maintain a positive outlook on Leidos, with a consensus rating of "Moderate Buy" and an average target price of $188.31 based on recent reports.

Marks Group Wealth Management Inc lowered its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 4.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,984 shares of the aerospace company's stock after selling 3,006 shares during the period. Marks Group Wealth Management Inc's holdings in Leidos were worth $9,621,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. MCF Advisors LLC purchased a new stake in Leidos in the 1st quarter worth approximately $27,000. First Pacific Financial purchased a new stake in Leidos in the 2nd quarter worth approximately $27,000. Raleigh Capital Management Inc. purchased a new stake in Leidos in the 2nd quarter worth approximately $29,000. Optimum Investment Advisors boosted its position in Leidos by 260.0% in the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock worth $32,000 after purchasing an additional 169 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in Leidos in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LDOS shares. Weiss Ratings restated a "buy (b-)" rating on shares of Leidos in a research report on Saturday, September 27th. 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. Jefferies Financial Group upgraded Leidos from a "hold" rating to a "buy" rating and upped their price objective for the stock from $185.00 to $205.00 in a research report on Wednesday, August 6th. Citigroup restated a "buy" rating and issued a $190.00 price objective (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. Finally, Wall Street Zen downgraded Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. One investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $188.31.

Leidos Trading Up 1.5%

Shares of LDOS stock opened at $195.73 on Monday. The stock has a 50 day simple moving average of $179.51 and a 200-day simple moving average of $160.10. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. The company has a market cap of $25.11 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.83 and a beta of 0.71.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the prior year, the company earned $2.63 EPS. The firm'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. On average, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 15th. Leidos's dividend payout ratio is currently 15.12%.

Insider Activity at Leidos

In other Leidos news, insider Stephen Edward Hull sold 12,497 shares of the firm's stock in a transaction 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 $4,599,040.38. This trade represents a 32.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory R. Dahlberg sold 952 shares of the firm's stock in a transaction on Monday, August 11th. The stock was 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. This trade represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,975 shares of company stock valued at $4,078,740. 0.96% of the stock is owned by insiders.

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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