Naples Global Advisors LLC Buys 595 Shares of Leidos Holdings, Inc. $LDOS

Naples Global Advisors LLC increased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,099 shares of the aerospace company’s stock after acquiring an additional 595 shares during the period. Leidos makes up 0.7% of Naples Global Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Naples Global Advisors LLC’s holdings in Leidos were worth $8,692,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LDOS. MCF Advisors LLC purchased a new position in Leidos in the 1st quarter worth approximately $27,000. First Pacific Financial purchased a new position in shares of Leidos during the second quarter valued at approximately $27,000. Raleigh Capital Management Inc. purchased a new position in shares of Leidos during the second quarter valued at approximately $29,000. Optimum Investment Advisors increased its holdings in Leidos by 260.0% during the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company’s stock valued at $32,000 after buying an additional 169 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in Leidos during the first quarter valued at approximately $33,000. Institutional investors own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Citigroup restated a “buy” rating and set a $190.00 target price (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. Stifel Nicolaus set a $178.00 price objective on shares of Leidos and gave the company a “buy” rating in a research report on Tuesday, June 24th. Truist Financial set a $195.00 price objective on shares of Leidos in a research report on Tuesday. Finally, UBS Group increased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $188.31.

Leidos Trading Up 1.4%

NYSE LDOS opened at $191.53 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.77 and a beta of 0.71. The company’s 50-day simple moving average is $178.27 and its two-hundred day simple moving average is $159.01. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.58. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter last year, the firm posted $2.63 EPS. The company’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. Equities analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

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

Insider Buying and Selling

In related news, 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 completion of the sale, the director directly owned 21,068 shares in the company, valued at $3,738,095.24. This trade represents a 4.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Stephen May sold 2,000 shares of Leidos stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.05, for a total transaction of $356,100.00. Following the completion of the sale, the director owned 10,137 shares of the company’s stock, valued at $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. Insiders sold 22,975 shares of company stock worth $4,078,740 in the last three months. Corporate insiders own 0.96% of the company’s stock.

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.