Leeward Investments LLC MA Sells 46,831 Shares of Leidos Holdings, Inc. $LDOS

Leeward Investments LLC MA lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 48.6% during the second quarter, Holdings Channel reports. The firm owned 49,515 shares of the aerospace company’s stock after selling 46,831 shares during the period. Leeward Investments LLC MA’s holdings in Leidos were worth $7,811,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of LDOS. GAMMA Investing LLC increased its position in shares of Leidos by 14.1% in the first quarter. GAMMA Investing LLC now owns 1,729 shares of the aerospace company’s stock worth $233,000 after purchasing an additional 214 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Leidos by 17.5% in the first quarter. Oppenheimer & Co. Inc. now owns 3,810 shares of the aerospace company’s stock valued at $514,000 after buying an additional 567 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Leidos by 101.1% in the first quarter. Golden State Wealth Management LLC now owns 1,096 shares of the aerospace company’s stock valued at $148,000 after buying an additional 551 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Leidos by 16.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,539 shares of the aerospace company’s stock valued at $1,949,000 after buying an additional 2,075 shares in the last quarter. Finally, Shilanski & Associates Inc. boosted its stake in Leidos by 2.7% in the first quarter. Shilanski & Associates Inc. now owns 13,297 shares of the aerospace company’s stock valued at $1,794,000 after buying an additional 346 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Leidos Price Performance

Leidos stock opened at $189.80 on Monday. The stock’s 50 day moving average is $185.55 and its 200 day moving average is $165.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. The firm has a market cap of $24.35 billion, a P/E ratio of 17.94, a P/E/G ratio of 1.78 and a beta of 0.71. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90.

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

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. Leidos’s payout ratio is currently 15.12%.

Insider Activity

In other news, insider Stephen Edward Hull sold 12,497 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $178.14, for a total transaction of $2,226,215.58. Following the completion of the sale, the insider owned 25,817 shares in the company, valued at $4,599,040.38. The trade was a 32.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gregory R. Dahlberg sold 952 shares of Leidos stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $168,913.36. Following the transaction, the director directly owned 21,068 shares in the company, valued at approximately $3,738,095.24. The trade was a 4.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,975 shares of company stock worth $4,078,740 over the last quarter. 0.69% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LDOS. Zacks Research lowered Leidos from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Argus raised their price objective on Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Wall Street Zen lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leidos in a research note on Saturday. Finally, Truist Financial set a $195.00 price target on Leidos in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.