FourThought Financial Partners LLC Grows Position in Leidos Holdings, Inc. $LDOS

FourThought Financial Partners LLC grew its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 10.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,483 shares of the aerospace company’s stock after acquiring an additional 695 shares during the quarter. FourThought Financial Partners LLC’s holdings in Leidos were worth $1,181,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LDOS. Assetmark Inc. grew its stake in Leidos by 0.8% in the 1st quarter. Assetmark Inc. now owns 15,891 shares of the aerospace company’s stock worth $2,144,000 after buying an additional 133 shares in the last quarter. HB Wealth Management LLC raised its position in shares of Leidos by 139.4% during the 1st quarter. HB Wealth Management LLC now owns 7,736 shares of the aerospace company’s stock valued at $1,044,000 after buying an additional 4,505 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Leidos by 17.5% during the 1st quarter. TD Asset Management Inc now owns 157,667 shares of the aerospace company’s stock worth $21,276,000 after acquiring an additional 23,511 shares during the last quarter. Empirical Finance LLC grew its position in Leidos by 4.0% in the first quarter. Empirical Finance LLC now owns 4,621 shares of the aerospace company’s stock worth $624,000 after acquiring an additional 176 shares in the last quarter. Finally, Foundations Investment Advisors LLC bought a new position in Leidos in the first quarter valued at $863,000. 76.12% of the stock is currently owned by institutional investors.

Leidos Price Performance

LDOS stock opened at $191.58 on Wednesday. The stock has a market capitalization of $24.50 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.37 and a beta of 0.69. The firm’s 50-day moving average price is $190.33 and its two-hundred day moving average price is $173.16. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $205.77.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.44. Leidos had a net margin of 8.11% and a return on equity of 33.02%. The company had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.28 billion. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. As a group, equities analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. This is a boost from Leidos’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, December 15th. Leidos’s payout ratio is presently 14.93%.

Analyst Ratings Changes

Several brokerages have issued reports on LDOS. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $230.00 price target on shares of Leidos in a research note on Wednesday, November 5th. Argus boosted their target price on Leidos from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Jefferies Financial Group upgraded shares of Leidos from a “hold” rating to a “buy” rating and increased their price target for the company from $185.00 to $205.00 in a research report on Wednesday, August 6th. UBS Group boosted their price objective on shares of Leidos from $209.00 to $216.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Leidos in a research note on Monday. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $199.23.

Insider Activity at Leidos

In related news, insider Stephen Edward Hull sold 12,497 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider owned 25,817 shares of the company’s stock, valued at $4,599,040.38. This trade represents a 32.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.69% of the stock is currently owned by corporate insiders.

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.