Leidos Holdings, Inc. $LDOS Shares Sold by Hobbs Group Advisors LLC

Hobbs Group Advisors LLC reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 19.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,382 shares of the aerospace company’s stock after selling 1,081 shares during the quarter. Hobbs Group Advisors LLC’s holdings in Leidos were worth $691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LDOS. Pacer Advisors Inc. increased its position in Leidos by 3,450.0% during the first quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company’s stock worth $95,012,000 after purchasing an additional 684,272 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Leidos by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock worth $315,250,000 after purchasing an additional 536,452 shares during the last quarter. Victory Capital Management Inc. increased its position in Leidos by 130.3% during the first quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company’s stock worth $96,001,000 after purchasing an additional 402,454 shares during the last quarter. Nuveen LLC acquired a new stake in Leidos during the first quarter worth about $45,665,000. Finally, Allianz Asset Management GmbH increased its position in Leidos by 262.9% during the first quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company’s stock worth $62,005,000 after purchasing an additional 332,882 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gary Stephen May sold 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gregory R. Dahlberg sold 952 shares of Leidos stock in a transaction that occurred 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 completion of the transaction, the director owned 21,068 shares of the company’s stock, valued at $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 quarter, insiders sold 22,975 shares of company stock valued at $4,078,740. 0.96% of the stock is currently owned by company insiders.

Leidos Trading Down 3.2%

NYSE LDOS opened at $187.89 on Friday. The firm has a 50 day simple moving average of $182.98 and a 200-day simple moving average of $162.00. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The firm has a market cap of $24.11 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 1.76 and a beta of 0.71.

Leidos (NYSE:LDOS) last posted 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 business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter last 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. Equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS 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 paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Leidos’s dividend payout ratio (DPR) is presently 15.12%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LDOS shares. UBS Group raised their price objective on shares of Leidos from $168.00 to $184.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Wall Street Zen cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Jefferies Financial Group upgraded shares of Leidos from a “hold” rating to a “buy” rating and lifted their price target for the company from $185.00 to $205.00 in a research report on Wednesday, August 6th. Truist Financial set a $195.00 price target on shares of Leidos in a research report on Tuesday, September 30th. Finally, Argus lifted 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. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $188.31.

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.