Rossby Financial LCC Grows Holdings in Leidos Holdings, Inc. $LDOS

Rossby Financial LCC grew its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 67.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,785 shares of the aerospace company’s stock after purchasing an additional 1,122 shares during the period. Rossby Financial LCC’s holdings in Leidos were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kendall Capital Management increased its stake in Leidos by 93.7% in the second quarter. Kendall Capital Management now owns 4,270 shares of the aerospace company’s stock worth $674,000 after purchasing an additional 2,065 shares during the period. Kathmere Capital Management LLC increased its stake in Leidos by 145.6% in the second quarter. Kathmere Capital Management LLC now owns 7,998 shares of the aerospace company’s stock worth $1,262,000 after purchasing an additional 4,742 shares during the period. McAdam LLC purchased a new stake in Leidos in the second quarter worth $286,000. Amundi increased its stake in Leidos by 19.1% in the first quarter. Amundi now owns 88,927 shares of the aerospace company’s stock worth $12,404,000 after purchasing an additional 14,246 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in Leidos by 26.2% in the first quarter. Geneos Wealth Management Inc. now owns 10,229 shares of the aerospace company’s stock worth $1,380,000 after purchasing an additional 2,126 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Price Performance

Shares of NYSE LDOS opened at $189.38 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. The company has a market cap of $24.30 billion, a PE ratio of 17.90, a P/E/G ratio of 1.78 and a beta of 0.71. The business has a 50-day simple moving average of $185.77 and a two-hundred day simple moving average of $166.19. 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 issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.58. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.24 billion. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, equities analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued 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 currently 15.12%.

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.05, for a total value of $356,100.00. Following the completion of the sale, the director owned 10,137 shares of the company’s stock, valued at approximately $1,804,892.85. This trade represents a 16.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory R. Dahlberg sold 952 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $168,913.36. Following the completion of the sale, the director directly owned 21,068 shares of the company’s stock, valued at approximately $3,738,095.24. This represents a 4.32% decrease in their position. 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. 0.69% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leidos in a research note on Wednesday, October 8th. Royal Bank Of Canada upgraded Leidos from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 4th. Zacks Research lowered Leidos from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Jefferies Financial Group upgraded Leidos from a “hold” rating to a “buy” rating and raised their price target for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Finally, Truist Financial set a $195.00 price target on Leidos in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $188.31.

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.