United Services Automobile Association Purchases New Holdings in Leidos Holdings, Inc. $LDOS

Key Points

• The United Services Automobile Association acquired 2,951 shares of Leidos Holdings, Inc. for approximately $396,000 in the first quarter of the year.
• Leidos reported quarterly earnings of $3.21 per share, exceeding consensus estimates, and announced a quarterly dividend of $0.40 per share, which will be paid on September 30th.
• Several hedge funds significantly increased their holdings in Leidos, with Meiji Yasuda Asset Management increasing its stake by 327.9% during the first quarter.

United Services Automobile Association purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,951 shares of the aerospace company's stock, valued at approximately $396,000.

Other institutional investors have also bought and sold shares of the company. REAP Financial Group LLC raised its position in Leidos by 422.2% in the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after purchasing an additional 152 shares during the last quarter. MCF Advisors LLC bought a new position in Leidos in the 1st quarter valued at $27,000. Optimum Investment Advisors raised its position in Leidos by 260.0% in the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Leidos in the 1st quarter valued at $33,000. Finally, N.E.W. Advisory Services LLC bought a new position in Leidos in the 1st quarter valued at $54,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 2,000 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.05, for a total transaction of $356,100.00. Following the completion of the transaction, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Edward Hull sold 12,497 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $178.14, for a total value of $2,226,215.58. Following the transaction, the insider owned 25,817 shares of the company's stock, valued at approximately $4,599,040.38. The trade was a 32.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,975 shares of company stock worth $4,078,740. 0.69% of the stock is owned by corporate insiders.

Leidos Trading Down 0.6%

NYSE:LDOS traded down $1.11 on Friday, reaching $184.02. The company's stock had a trading volume of 541,385 shares, compared to its average volume of 624,320. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. The firm has a market cap of $23.61 billion, a PE ratio of 16.02, a PEG ratio of 1.72 and a beta of 0.71. The business's 50-day moving average price is $172.09 and its two-hundred day moving average price is $154.59.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results 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. The firm had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.24 billion. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The company's revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on LDOS. Wall Street Zen downgraded Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Citigroup reiterated a "buy" rating and issued a $190.00 price objective (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Stifel Nicolaus set a $178.00 target price on Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. 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 investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $183.31.

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.