Neo Ivy Capital Management Buys Shares of 2,028 Leidos Holdings, Inc. $LDOS

Neo Ivy Capital Management purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,028 shares of the aerospace company’s stock, valued at approximately $320,000.

Several other large investors also recently added to or reduced their stakes in LDOS. First Pacific Financial bought a new stake in Leidos in the 2nd quarter valued at about $27,000. Raleigh Capital Management Inc. purchased a new position in shares of Leidos in the second quarter worth about $29,000. True Wealth Design LLC raised its position in shares of Leidos by 471.4% in the second quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 165 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Leidos in the first quarter valued at approximately $33,000. Finally, Mountain Hill Investment Partners Corp. lifted its stake in shares of Leidos by 66.2% during the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock valued at $34,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Trading Up 0.4%

Shares of LDOS stock opened at $186.41 on Friday. The company has a market capitalization of $23.83 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.37 and a beta of 0.69. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $205.77. The business’s fifty day moving average is $190.07 and its 200 day moving average is $172.55. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.50 and a current ratio of 1.62.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, November 4th. The aerospace company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.61 by $0.44. The business had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Leidos had a return on equity of 33.02% and a net margin of 8.11%. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Leidos’s previous quarterly dividend of $0.40. Leidos’s payout ratio is currently 14.93%.

Analysts Set New Price Targets

A number of research firms recently weighed in on LDOS. Jefferies Financial Group upgraded shares of Leidos from a “hold” rating to a “buy” rating and lifted their price objective for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Leidos in a research report on Monday, November 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $230.00 price objective on shares of Leidos in a research note on Wednesday, November 5th. Zacks Research downgraded Leidos from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Finally, Truist Financial reaffirmed a “buy” rating and set a $220.00 target price (up previously from $200.00) on shares of Leidos in a report on Tuesday, November 4th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $199.23.

Insider Buying and Selling at Leidos

In related news, insider Stephen Edward Hull sold 12,497 shares of the stock in a transaction on 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 transaction, the insider owned 25,817 shares of the company’s stock, valued at $4,599,040.38. This represents a 32.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.