Secure Asset Management LLC Takes $3.76 Million Position in Leidos Holdings, Inc. $LDOS

Secure Asset Management LLC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,640 shares of the aerospace company’s stock, valued at approximately $3,764,000.

A number of other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Leidos by 3.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,528,630 shares of the aerospace company’s stock worth $556,677,000 after acquiring an additional 111,813 shares in the last quarter. Boston Partners grew its stake in shares of Leidos by 3.7% during the second quarter. Boston Partners now owns 2,909,142 shares of the aerospace company’s stock worth $460,203,000 after purchasing an additional 103,321 shares in the last quarter. Norges Bank purchased a new position in Leidos in the second quarter valued at $261,501,000. Alliancebernstein L.P. raised its stake in Leidos by 64.4% in the second quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after buying an additional 598,974 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Leidos by 21.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,433,712 shares of the aerospace company’s stock worth $223,731,000 after acquiring an additional 250,555 shares in the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Price Performance

Shares of NYSE:LDOS opened at $184.57 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average price of $189.35 and a 200 day moving average price of $177.05. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $205.77. The company has a market cap of $23.60 billion, a P/E ratio of 17.22, a PEG ratio of 1.33 and a beta of 0.58.

Leidos (NYSE:LDOS) last announced its quarterly 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 for the quarter, compared to analyst estimates 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. Research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.43 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. This is a boost from Leidos’s previous quarterly dividend of $0.40. Leidos’s payout ratio is presently 16.04%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald boosted their target price on Leidos from $185.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Wall Street Zen downgraded shares of Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $230.00 price target on shares of Leidos in a research report on Wednesday, November 5th. Truist Financial restated a “buy” rating and set a $220.00 price target (up previously from $200.00) on shares of Leidos in a research note on Tuesday, November 4th. Finally, Argus upped their price target on shares of Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.42.

About Leidos

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.