Brookstone Capital Management Sells 4,559 Shares of Leidos Holdings, Inc. $LDOS

Brookstone Capital Management reduced its position in Leidos Holdings, Inc. (NYSE:LDOS) by 23.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,189 shares of the aerospace company’s stock after selling 4,559 shares during the period. Brookstone Capital Management’s holdings in Leidos were worth $2,396,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Leidos by 7.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company’s stock worth $461,065,000 after purchasing an additional 251,245 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Leidos by 29.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock worth $315,250,000 after purchasing an additional 536,452 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Leidos by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company’s stock worth $253,262,000 after purchasing an additional 170,263 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Leidos by 3.0% in the 1st quarter. AQR Capital Management LLC now owns 1,183,157 shares of the aerospace company’s stock worth $159,342,000 after purchasing an additional 34,328 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Leidos by 130.3% in the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company’s stock worth $96,001,000 after purchasing an additional 402,454 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 952 shares of Leidos stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $168,913.36. Following the completion of the sale, the director 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Edward Hull sold 12,497 shares of Leidos 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 completion of the sale, the insider directly owned 25,817 shares of the company’s stock, valued at approximately $4,599,040.38. This trade represents a 32.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,975 shares of company stock valued at $4,078,740. 0.96% of the stock is owned by insiders.

Leidos Trading Down 0.8%

Shares of LDOS opened at $189.80 on Friday. The business has a 50-day moving average of $185.55 and a 200 day moving average of $165.44. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The firm has a market cap of $24.35 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 1.79 and a beta of 0.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter last year, the firm posted $2.63 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LDOS. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leidos in a report on Wednesday, October 8th. Citigroup reissued a “buy” rating and issued a $190.00 price target (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Argus increased their price target on Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Royal Bank Of Canada raised Leidos from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 4th. Finally, Truist Financial set a $195.00 price target on Leidos in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and a consensus target price of $188.31.

Leidos 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.