Pallas Capital Advisors LLC Grows Stock Holdings in Leidos Holdings, Inc. $LDOS

Key Points

• Pallas Capital Advisors LLC increased its stake in Leidos Holdings, Inc. by 87.8% in the second quarter, now owning 3,680 shares valued at approximately $581,000.
• Leidos reported $3.21 EPS for the last quarter, outperforming analysts' expectations of $2.63, with a revenue of $4.25 billion.
• The company declared a quarterly dividend of $0.40 per share, which will be paid on September 30th, representing an annualized yield of 0.9%.

Pallas Capital Advisors LLC lifted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 87.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,680 shares of the aerospace company's stock after acquiring an additional 1,720 shares during the period. Pallas Capital Advisors LLC's holdings in Leidos were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Werlinich Asset Management LLC purchased a new stake in Leidos during the 2nd quarter worth approximately $211,000. Aaron Wealth Advisors LLC bought a new stake in shares of Leidos in the 2nd quarter worth $216,000. Renaissance Investment Group LLC raised its stake in shares of Leidos by 0.3% in the 2nd quarter. Renaissance Investment Group LLC now owns 72,187 shares of the aerospace company's stock worth $11,388,000 after buying an additional 189 shares in the last quarter. Czech National Bank raised its position in shares of Leidos by 4.4% during the second quarter. Czech National Bank now owns 31,463 shares of the aerospace company's stock worth $4,964,000 after purchasing an additional 1,336 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of Leidos by 14.9% during the second quarter. Parallel Advisors LLC now owns 1,112 shares of the aerospace company's stock worth $175,000 after purchasing an additional 144 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Stephen Edward Hull sold 12,497 shares of the firm's stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 2,000 shares of Leidos 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 in the company, valued at $1,804,892.85. This represents a 16.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,975 shares of company stock worth $4,078,740. 0.69% of the stock is owned by insiders.

Leidos Trading Down 0.5%

NYSE LDOS traded down $0.97 during trading on Tuesday, hitting $186.90. 185,621 shares of the company's stock traded hands, compared to its average volume of 1,291,814. The stock has a fifty day moving average of $174.77 and a two-hundred day moving average of $156.79. 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 12-month low of $123.62 and a 12-month high of $202.90. The firm has a market cap of $23.98 billion, a P/E ratio of 17.67, a PEG ratio of 1.76 and a beta of 0.71.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share 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 company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period in the prior year, the business posted $2.63 earnings per share. Leidos'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. As a group, sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The company 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 dividend yield of 0.9%. Leidos's dividend payout ratio (DPR) is 15.12%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. UBS Group upped 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. Stifel Nicolaus set a $178.00 target price on Leidos and gave the stock a "buy" rating in a report on Tuesday, June 24th. Wall Street Zen cut Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada upgraded Leidos from a "hold" rating to a "moderate buy" rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Leidos presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.31.

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.