Leidos Holdings, Inc. $LDOS Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 2.3% in the second quarter, Holdings Channel reports. The fund owned 17,000 shares of the aerospace company’s stock after selling 400 shares during the period. Hennessy Advisors Inc.’s holdings in Leidos were worth $2,682,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of LDOS. JPMorgan Chase & Co. grew its position in shares of Leidos by 7.9% in the first quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company’s stock valued at $461,065,000 after purchasing an additional 251,245 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Leidos by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock worth $315,250,000 after buying an additional 536,452 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Leidos by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company’s stock valued at $253,262,000 after buying an additional 170,263 shares in the last quarter. AQR Capital Management LLC increased its stake 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 acquiring an additional 34,328 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Leidos by 130.3% during the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company’s stock worth $96,001,000 after acquiring an additional 402,454 shares during the period. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Up 1.5%

NYSE:LDOS opened at $195.73 on Friday. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The stock’s fifty day moving average is $179.51 and its two-hundred day moving average is $159.93. The stock 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. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06.

Leidos (NYSE:LDOS) last posted its quarterly earnings data 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. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the previous year, the business earned $2.63 EPS. The company’s quarterly 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. Research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank Of Canada raised shares of Leidos from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 4th. Citigroup reaffirmed a “buy” rating and set a $190.00 price target (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. Truist Financial set a $195.00 price objective on Leidos in a report on Tuesday. Stifel Nicolaus set a $178.00 target price on Leidos and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $188.31.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 2,000 shares of the company’s 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 sale, the director directly owned 10,137 shares of the company’s stock, valued at $1,804,892.85. This represents a 16.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory R. Dahlberg sold 952 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the sale, the director owned 21,068 shares in the company, valued at approximately $3,738,095.24. This trade represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,975 shares of company stock worth $4,078,740. Corporate insiders own 0.96% of the company’s stock.

Leidos Company 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.