Sagespring Wealth Partners LLC Buys 405 Shares of Leidos Holdings, Inc. $LDOS

Sagespring Wealth Partners LLC raised its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 25.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,023 shares of the aerospace company’s stock after buying an additional 405 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Leidos were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of Leidos by 14.1% in the 1st quarter. GAMMA Investing LLC now owns 1,729 shares of the aerospace company’s stock valued at $233,000 after acquiring an additional 214 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Leidos by 1.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,107 shares of the aerospace company’s stock valued at $4,602,000 after purchasing an additional 329 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Leidos by 9.2% in the first quarter. Exchange Traded Concepts LLC now owns 1,273 shares of the aerospace company’s stock worth $172,000 after purchasing an additional 107 shares during the period. Sowell Financial Services LLC bought a new position in shares of Leidos during the first quarter worth $267,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of Leidos by 0.4% in the 1st quarter. State of Alaska Department of Revenue now owns 29,345 shares of the aerospace company’s stock valued at $3,959,000 after buying an additional 130 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Performance

Shares of Leidos stock opened at $184.35 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. The firm has a market cap of $23.65 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. The stock’s 50-day moving average is $184.35 and its 200-day moving average is $163.57. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.58. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.24 billion. Leidos had a return on equity of 33.57% and a net margin of 8.22%.Leidos’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Equities 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 announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, September 15th. This represents a $1.60 annualized dividend and a yield of 0.9%. Leidos’s dividend payout ratio is presently 15.12%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LDOS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leidos in a research note on Wednesday, October 8th. Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Argus boosted their price objective on Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Jefferies Financial Group upgraded shares of Leidos from a “hold” rating to a “buy” rating and raised their target price for the stock from $185.00 to $205.00 in a report on Wednesday, August 6th. Finally, UBS Group lifted their price target on shares of Leidos from $168.00 to $184.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.31.

Insider Activity at Leidos

In related news, insider Stephen Edward Hull sold 12,497 shares of the firm’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 transaction, the insider owned 25,817 shares of the company’s stock, valued at approximately $4,599,040.38. This trade represents a 32.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory R. Dahlberg sold 952 shares of the business’s stock in a transaction dated 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 $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 90 days, insiders sold 22,975 shares of company stock valued at $4,078,740. Corporate insiders own 0.96% of the company’s stock.

About Leidos

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.