Leidos Holdings, Inc. $LDOS Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 30.3% in the second quarter, Holdings Channel reports. The fund owned 56,885 shares of the aerospace company’s stock after purchasing an additional 13,220 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Leidos were worth $8,974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. REAP Financial Group LLC lifted its position in Leidos by 50.0% during the 2nd quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 76 shares during the period. Groupe la Francaise lifted its holdings in shares of Leidos by 6.2% in the 1st quarter. Groupe la Francaise now owns 1,566 shares of the aerospace company’s stock valued at $212,000 after buying an additional 91 shares during the period. Resolute Wealth Strategies LLC lifted its holdings in shares of Leidos by 1.9% in the 1st quarter. Resolute Wealth Strategies LLC now owns 5,134 shares of the aerospace company’s stock valued at $693,000 after buying an additional 97 shares during the period. EP Wealth Advisors LLC lifted its holdings in shares of Leidos by 0.7% in the 1st quarter. EP Wealth Advisors LLC now owns 14,078 shares of the aerospace company’s stock valued at $1,900,000 after buying an additional 104 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Leidos by 9.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,273 shares of the aerospace company’s stock valued at $172,000 after buying an additional 107 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LDOS has been the subject of several recent analyst reports. UBS Group raised their price target on Leidos from $168.00 to $184.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Leidos in a report on Wednesday, October 8th. Truist Financial set a $195.00 price target on Leidos in a report on Tuesday, September 30th. Royal Bank Of Canada raised Leidos from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 4th. Finally, Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and a consensus price target of $188.31.

Leidos Stock Performance

NYSE LDOS opened at $186.04 on Tuesday. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The stock has a market cap of $23.87 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. The business has a fifty day moving average of $183.47 and a 200-day moving average of $162.55. 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 released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the previous year, the firm posted $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. As a group, analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal 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 given a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Leidos’s payout ratio is currently 15.12%.

Insider Activity

In other news, insider Stephen Edward Hull sold 12,497 shares of Leidos 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 completion of the sale, the insider owned 25,817 shares of the company’s stock, valued at $4,599,040.38. The trade was a 32.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Stephen May sold 2,000 shares of Leidos stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.05, for a total value of $356,100.00. Following the completion of the sale, the director directly owned 10,137 shares of the company’s stock, valued at approximately $1,804,892.85. This represents a 16.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,975 shares of company stock valued at $4,078,740 over the last quarter. Company insiders own 0.69% 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.