Berger Financial Group Inc Raises Stock Holdings in Leidos Holdings, Inc. $LDOS

Berger Financial Group Inc grew its position in Leidos Holdings, Inc. (NYSE:LDOS) by 1.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 39,316 shares of the aerospace company’s stock after acquiring an additional 545 shares during the quarter. Berger Financial Group Inc’s holdings in Leidos were worth $6,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. QRG Capital Management Inc. raised its position in Leidos by 31.7% in the 2nd quarter. QRG Capital Management Inc. now owns 90,038 shares of the aerospace company’s stock valued at $14,204,000 after purchasing an additional 21,657 shares during the last quarter. Ascent Group LLC increased its stake in Leidos by 73.0% in the second quarter. Ascent Group LLC now owns 5,467 shares of the aerospace company’s stock valued at $863,000 after purchasing an additional 2,307 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Leidos in the second quarter valued at about $76,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Leidos during the second quarter worth about $225,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Leidos by 6.2% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,439 shares of the aerospace company’s stock worth $2,436,000 after buying an additional 900 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Leidos news, Director Gregory R. Dahlberg sold 952 shares of the business’s stock in a transaction 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 directly owned 21,068 shares in the company, valued at approximately $3,738,095.24. The trade was a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Edward Hull sold 12,497 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $178.14, for a total value of $2,226,215.58. Following the completion of the sale, the insider directly owned 25,817 shares in the company, valued at $4,599,040.38. This trade represents a 32.62% 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 valued at $4,078,740. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on LDOS shares. Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Truist Financial set a $195.00 price target on Leidos in a report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leidos in a research report on Saturday, September 27th. Argus upped their price objective on shares of Leidos from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Royal Bank Of Canada raised shares of Leidos from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 4th. One investment 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. According to MarketBeat, Leidos currently has an average rating of “Moderate Buy” and an average price target of $188.31.

Leidos Stock Performance

NYSE:LDOS opened at $195.73 on Friday. The firm’s fifty day simple moving average is $179.51 and its 200-day simple moving average is $159.93. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. The stock has a market cap of $25.11 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.83 and a beta of 0.71. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90.

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

Leidos Dividend Announcement

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

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.