DAVENPORT & Co LLC Buys 749 Shares of Leidos Holdings, Inc. $LDOS

DAVENPORT & Co LLC increased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,008 shares of the aerospace company’s stock after acquiring an additional 749 shares during the quarter. DAVENPORT & Co LLC’s holdings in Leidos were worth $2,368,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. MCF Advisors LLC bought a new stake in shares of Leidos in the 1st quarter valued at $27,000. First Pacific Financial bought a new stake in shares of Leidos in the 2nd quarter valued at $27,000. Raleigh Capital Management Inc. bought a new stake in shares of Leidos in the 2nd quarter valued at $29,000. Optimum Investment Advisors increased its stake in Leidos by 260.0% during 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 in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in Leidos during the 1st quarter valued at $33,000. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Performance

NYSE LDOS opened at $194.06 on Friday. 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 current ratio of 1.62 and a quick ratio of 1.50. The firm has a market cap of $24.90 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.86 and a beta of 0.71. The company has a fifty day moving average price of $182.40 and a 200-day moving average price of $161.47.

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

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.40 dividend. 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%.

Analysts Set New Price Targets

A number of brokerages have commented on LDOS. Wall Street Zen lowered shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Leidos in a research note on Wednesday. UBS Group boosted their price target on shares of Leidos from $168.00 to $184.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Jefferies Financial Group upgraded shares of Leidos from a “hold” rating to a “buy” rating and boosted their price target for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Finally, Argus boosted their price target on shares of Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $188.31.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 952 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,738,095.24. The trade was a 4.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,975 shares of company stock valued at $4,078,740. 0.96% of the stock is owned by insiders.

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.