Truvestments Capital LLC Grows Stake in Leidos Holdings, Inc. $LDOS

Key Points

• Truvestments Capital LLC increased its stake in Leidos Holdings, Inc. by 266.6% during the first quarter, owning a total of 8,011 shares worth approximately $1,081,000.
• The company reported $3.21 earnings per share (EPS) for the last quarter, surpassing the consensus estimate of $2.63, with quarterly revenue climbing 2.9% year-over-year.
• Leidos announced a quarterly dividend of $0.40 per share to be paid on September 30th, representing an annualized yield of 0.9%.

Truvestments Capital LLC raised its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 266.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,011 shares of the aerospace company's stock after acquiring an additional 5,826 shares during the period. Truvestments Capital LLC's holdings in Leidos were worth $1,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Leidos during the 4th quarter valued at approximately $25,000. REAP Financial Group LLC grew its holdings in shares of Leidos by 422.2% in the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after acquiring an additional 152 shares during the period. MCF Advisors LLC purchased a new stake in Leidos in the 1st quarter valued at approximately $27,000. Optimum Investment Advisors grew its holdings in Leidos by 260.0% during the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock valued at $32,000 after buying an additional 169 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in Leidos during the 1st quarter valued at $33,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Leidos

In related news, 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 value of $356,100.00. Following the transaction, the director owned 10,137 shares in the company, valued at approximately $1,804,892.85. This trade represents a 16.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Edward Hull sold 7,526 shares of Leidos stock in a transaction on Friday, August 8th. The shares were sold at an average price of $176.39, for a total value of $1,327,511.14. Following the completion of the transaction, the insider owned 26,481 shares in the company, valued at $4,670,983.59. The trade was a 22.13% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,478 shares of company stock worth $1,852,525. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on LDOS. Baird R W cut Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Wells Fargo & Company increased their target price on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Jefferies Financial Group upgraded Leidos from a "hold" rating to a "buy" rating and increased their target price for the company from $185.00 to $205.00 in a report on Wednesday, August 6th. UBS Group increased their target price on Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada increased their target price on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Leidos presently has an average rating of "Moderate Buy" and an average price target of $179.46.

Leidos Trading Down 0.3%

Shares of LDOS stock traded down $0.48 during mid-day trading on Friday, hitting $180.88. 671,024 shares of the company's stock were exchanged, compared to its average volume of 895,447. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The stock has a 50-day simple moving average of $167.62 and a two-hundred day simple moving average of $150.84. 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 stock has a market cap of $23.21 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 2.07 and a beta of 0.65.

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share 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 for the quarter, compared to analysts' expectations of $4.24 billion. During the same quarter last year, the firm earned $2.63 earnings per share. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Equities analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal 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 issued a $0.40 dividend. 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 presently 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.