McAdam LLC Invests $286,000 in Leidos Holdings, Inc. $LDOS

Key Points

• McAdam LLC has invested $286,000 in shares of Leidos Holdings, Inc., buying 1,813 shares during the second quarter.
• Multiple institutional investors, including Northside Capital Management and Fifth Third Bancorp, have also increased their holdings in Leidos during the same period, with institutional ownership now at 76.12%.
• Leidos has declared a quarterly dividend of $0.40 per share, which will be paid on September 30th, reflecting an annualized yield of 0.9%.

McAdam LLC bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,813 shares of the aerospace company's stock, valued at approximately $286,000.

A number of other institutional investors also recently modified their holdings of the company. Northside Capital Management LLC acquired a new position in shares of Leidos during the second quarter worth approximately $366,000. Fifth Third Bancorp grew its holdings in Leidos by 10.0% during the second quarter. Fifth Third Bancorp now owns 2,878 shares of the aerospace company's stock worth $454,000 after buying an additional 262 shares in the last quarter. MCF Advisors LLC grew its holdings in Leidos by 313.0% during the second quarter. MCF Advisors LLC now owns 826 shares of the aerospace company's stock worth $130,000 after buying an additional 626 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Leidos by 18.2% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,563 shares of the aerospace company's stock worth $404,000 after buying an additional 395 shares in the last quarter. Finally, Bfsg LLC grew its holdings in Leidos by 28.7% during the second quarter. Bfsg LLC now owns 605 shares of the aerospace company's stock worth $95,000 after buying an additional 135 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gary Stephen May sold 2,000 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.05, for a total transaction of $356,100.00. Following the transaction, the director owned 10,137 shares of the company's stock, valued at $1,804,892.85. This represents a 16.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Edward Hull sold 12,497 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $178.14, for a total value of $2,226,215.58. Following the transaction, the insider directly owned 25,817 shares in the company, 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 have sold 22,975 shares of company stock valued at $4,078,740 in the last 90 days. Insiders own 0.96% of the company's stock.

Leidos Stock Up 1.4%

Shares of NYSE:LDOS opened at $184.95 on Friday. The company has a market capitalization of $23.73 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.71 and a beta of 0.71. 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 business has a fifty day moving average price of $176.66 and a two-hundred day moving average price of $157.87. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data 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. 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 quarter in the prior year, the company earned $2.63 EPS. The business's revenue for the quarter was up 2.9% on a year-over-year basis. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen downgraded Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Royal Bank Of Canada upgraded Leidos from a "hold" rating to a "moderate buy" rating in a report on Thursday, September 4th. Citigroup reiterated a "buy" rating and set a $190.00 price target (up previously from $186.00) on shares of Leidos in a report on Monday, July 14th. UBS Group upped their price objective on Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Finally, Jefferies Financial Group upgraded Leidos from a "hold" rating to a "buy" rating and upped their price objective for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $185.21.

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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