Twin Tree Management LP Purchases Shares of 95,925 Leidos Holdings, Inc. $LDOS

Key Points

• Twin Tree Management LP has acquired a new stake in Leidos Holdings, Inc., purchasing nearly 96,000 shares valued at approximately $12.94 million.
• Leidos recently reported earnings of $3.21 per share for the last quarter, surpassing estimates and showing a year-over-year revenue increase of 2.9%.
• The company has declared a quarterly dividend of $0.40 per share, scheduled for payment on September 30th, which represents an annual yield of 0.9%.

Twin Tree Management LP purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 95,925 shares of the aerospace company's stock, valued at approximately $12,944,000. Twin Tree Management LP owned about 0.07% of Leidos at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mubadala Investment Co PJSC boosted its stake in shares of Leidos by 23.2% during the 1st quarter. Mubadala Investment Co PJSC now owns 25,558 shares of the aerospace company's stock worth $3,449,000 after purchasing an additional 4,816 shares during the period. Baird Financial Group Inc. boosted its stake in shares of Leidos by 9.1% during the 1st quarter. Baird Financial Group Inc. now owns 85,152 shares of the aerospace company's stock worth $11,490,000 after purchasing an additional 7,099 shares during the period. Vident Advisory LLC boosted its stake in shares of Leidos by 138.2% during the 1st quarter. Vident Advisory LLC now owns 217,459 shares of the aerospace company's stock worth $29,344,000 after purchasing an additional 126,180 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Leidos in the 1st quarter valued at about $1,172,000. Finally, Oarsman Capital Inc. boosted its position in Leidos by 75.8% in the 1st quarter. Oarsman Capital Inc. now owns 11,880 shares of the aerospace company's stock valued at $1,603,000 after buying an additional 5,122 shares during the period. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,000 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the transaction, the director directly owned 10,137 shares of the company's stock, valued at $1,804,892.85. This trade represents a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Edward Hull sold 7,526 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $176.39, for a total transaction of $1,327,511.14. Following the transaction, the insider directly owned 26,481 shares in the company, valued at approximately $4,670,983.59. The trade was a 22.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,478 shares of company stock valued at $1,852,525 over the last ninety days. Corporate insiders own 0.69% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LDOS. Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Wells Fargo & Company upped their price target on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Citigroup reaffirmed a "buy" rating and issued a $190.00 price target (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. Jefferies Financial Group raised shares of Leidos from a "hold" rating to a "buy" rating and upped their price target for the stock from $185.00 to $205.00 in a research report on Wednesday, August 6th. Finally, UBS Group upped their price target on shares of Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $183.31.

Leidos Stock Performance

Leidos stock traded up $0.58 during mid-day trading on Thursday, reaching $178.29. 785,303 shares of the company traded hands, compared to its average volume of 1,322,510. 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 fifty-two week low of $123.62 and a fifty-two week high of $202.90. The company has a market capitalization of $22.87 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.07 and a beta of 0.71. The firm's fifty day moving average is $169.26 and its two-hundred day moving average is $151.81.

Leidos (NYSE:LDOS - Get Free Report) last released 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. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.63 EPS. 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 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, September 15th. Leidos's dividend payout ratio (DPR) is presently 15.12%.

About Leidos

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.