Cullen Frost Bankers Inc. Has $51,000 Stake in Leidos Holdings, Inc. $LDOS

Cullen Frost Bankers Inc. grew its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 2,583.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 322 shares of the aerospace company’s stock after buying an additional 310 shares during the period. Cullen Frost Bankers Inc.’s holdings in Leidos were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of LDOS. MCF Advisors LLC acquired a new stake in Leidos in the 1st quarter worth $27,000. First Pacific Financial acquired a new stake in Leidos in the 2nd quarter worth $27,000. Raleigh Capital Management Inc. acquired a new stake in Leidos in the 2nd quarter worth $29,000. Optimum Investment Advisors grew its position in Leidos by 260.0% in the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 169 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Leidos during the 1st quarter valued at about $33,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 2,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 10,137 shares of the company’s stock, valued at $1,804,892.85. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the director directly owned 21,068 shares of the company’s stock, valued at approximately $3,738,095.24. This trade represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,975 shares of company stock valued at $4,078,740 over the last ninety days. Insiders own 0.69% of the company’s stock.

Leidos Trading Down 0.8%

Shares of NYSE LDOS opened at $189.80 on Monday. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The company has a market cap of $24.35 billion, a PE ratio of 17.94, a P/E/G ratio of 1.78 and a beta of 0.71. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average of $185.55 and a two-hundred day moving average of $165.84.

Leidos (NYSE:LDOS) last posted its quarterly 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. The business had revenue of $4.25 billion during 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%. Leidos’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, equities analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, September 15th. Leidos’s payout ratio is 15.12%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LDOS shares. UBS Group lifted their target price on shares of Leidos from $168.00 to $184.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Citigroup reiterated a “buy” rating and set a $190.00 target price (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leidos in a research report on Saturday. Argus lifted their target price on shares of Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, Truist Financial set a $195.00 target price on shares of Leidos in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $188.31.

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.