Leidos Holdings, Inc. $LDOS Shares Bought by Oarsman Capital Inc.

Key Points

• Oarsman Capital Inc. increased its stake in Leidos Holdings by 75.8%, now holding 11,880 shares valued at approximately $1.6 million.
• Several hedge funds have also made significant adjustments to their holdings in Leidos, indicating a growing interest from institutional investors, who own 76.12% of the stock.
• Leidos recently declared a quarterly dividend of $0.40 per share, reflecting a 0.9% yield, with the ex-dividend date set for September 15th.

Oarsman Capital Inc. increased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 75.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,880 shares of the aerospace company's stock after purchasing an additional 5,122 shares during the quarter. Oarsman Capital Inc.'s holdings in Leidos were worth $1,603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp grew its holdings in Leidos by 20.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 17,453 shares of the aerospace company's stock valued at $2,355,000 after buying an additional 3,015 shares during the period. BNP Paribas Financial Markets grew its holdings in Leidos by 0.7% in the 1st quarter. BNP Paribas Financial Markets now owns 280,152 shares of the aerospace company's stock valued at $37,804,000 after buying an additional 2,037 shares during the period. Eisler Capital Management Ltd. purchased a new stake in Leidos in the 1st quarter valued at about $216,000. Truvestments Capital LLC grew its holdings in Leidos by 266.6% in the 1st quarter. Truvestments Capital LLC now owns 8,011 shares of the aerospace company's stock valued at $1,081,000 after buying an additional 5,826 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG purchased a new stake in Leidos in the 1st quarter valued at about $1,007,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on LDOS. UBS Group lifted their price target on Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Wells Fargo & Company lifted their price objective on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Stifel Nicolaus set a $178.00 price objective on Leidos and gave the company a "buy" rating in a research note on Tuesday, June 24th. Finally, Citigroup reaffirmed a "buy" rating and issued a $190.00 price objective (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $179.46.

Leidos Trading Down 0.3%

Shares of NYSE LDOS traded down $0.48 during midday trading on Monday, hitting $180.88. The stock had a trading volume of 671,024 shares, compared to its average volume of 889,780. The company has a market capitalization of $23.21 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 2.07 and a beta of 0.71. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. The company has a fifty day moving average price of $167.62 and a 200 day moving average price of $151.08.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.63 by $0.58. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.24 billion. Leidos had a return on equity of 33.57% and a net margin of 8.22%.Leidos's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, analysts predict 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. Investors of record on Monday, September 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 annualized dividend and a yield of 0.9%. Leidos's payout ratio is 15.12%.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 952 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the transaction, the director directly owned 21,068 shares of the company's stock, valued at approximately $3,738,095.24. The trade was a 4.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary Stephen May sold 2,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was 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 trade represents a 16.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,478 shares of company stock valued at $1,852,525. Corporate insiders own 0.69% of the company's stock.

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.