QRG Capital Management Inc. Purchases 21,657 Shares of Leidos Holdings, Inc. $LDOS

QRG Capital Management Inc. raised its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 31.7% in the second quarter, Holdings Channel reports. The firm owned 90,038 shares of the aerospace company’s stock after acquiring an additional 21,657 shares during the quarter. QRG Capital Management Inc.’s holdings in Leidos were worth $14,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LDOS. Pacer Advisors Inc. increased its stake in Leidos by 3,450.0% during the 1st quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company’s stock valued at $95,012,000 after purchasing an additional 684,272 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Leidos by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock valued at $315,250,000 after purchasing an additional 536,452 shares in the last quarter. Victory Capital Management Inc. increased its stake in Leidos by 130.3% during the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company’s stock valued at $96,001,000 after purchasing an additional 402,454 shares in the last quarter. Nuveen LLC bought a new stake in Leidos during the 1st quarter valued at about $45,665,000. Finally, Allianz Asset Management GmbH increased its stake in Leidos by 262.9% during the 1st quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company’s stock valued at $62,005,000 after purchasing an additional 332,882 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Leidos Stock Performance

Shares of NYSE LDOS opened at $195.73 on Friday. The firm has a 50 day moving average of $179.51 and a 200 day moving average of $159.93. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $25.11 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.83 and a beta of 0.71. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90.

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

Leidos Dividend Announcement

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

Insider Activity at Leidos

In other Leidos 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 transaction of $168,913.36. Following the transaction, the director owned 21,068 shares of the company’s stock, valued at $3,738,095.24. The trade was a 4.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Stephen May sold 2,000 shares of Leidos stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the transaction, the director directly owned 10,137 shares in the company, valued at $1,804,892.85. This represents a 16.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,975 shares of company stock worth $4,078,740. 0.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on LDOS shares. Argus lifted their price target on shares of Leidos from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. UBS Group lifted their price target on shares of Leidos from $168.00 to $184.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Citigroup reiterated a “buy” rating and issued a $190.00 price target (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Finally, Truist Financial set a $195.00 price target on shares of Leidos in a research note on Tuesday. One 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 MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and a consensus target price of $188.31.

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.