Kingsview Wealth Management LLC Sells 473 Shares of Leidos Holdings, Inc. $LDOS

Kingsview Wealth Management LLC decreased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 19.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,001 shares of the aerospace company’s stock after selling 473 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Leidos were worth $316,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. First Pacific Financial purchased a new stake in Leidos in the second quarter worth about $27,000. Raleigh Capital Management Inc. bought a new stake in shares of Leidos in the 2nd quarter valued at about $29,000. True Wealth Design LLC lifted its position in shares of Leidos by 471.4% in the 2nd quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 165 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Leidos in the 1st quarter worth approximately $33,000. Finally, Mountain Hill Investment Partners Corp. boosted its stake in shares of Leidos by 66.2% during the second quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Price Performance

Shares of LDOS stock opened at $186.41 on Friday. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $205.77. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.50 and a current ratio of 1.62. The firm has a market capitalization of $23.83 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.37 and a beta of 0.69. The stock’s 50-day simple moving average is $190.07 and its 200-day simple moving average is $172.55.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.61 by $0.44. The firm had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.28 billion. Leidos had a net margin of 8.11% and a return on equity of 33.02%. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. As a group, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Leidos’s previous quarterly dividend of $0.40. Leidos’s payout ratio is currently 14.93%.

Analysts Set New Price Targets

A number of equities analysts recently commented on LDOS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Leidos in a research note on Monday, November 17th. Jefferies Financial Group upgraded Leidos from a “hold” rating to a “buy” rating and upped their price objective for the stock from $185.00 to $205.00 in a research note on Wednesday, August 6th. Bank of America raised their price objective on Leidos from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $230.00 target price on shares of Leidos in a report on Wednesday, November 5th. Finally, Argus increased 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. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $199.23.

Insider Transactions 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 stock was 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 in the company, valued at $4,599,040.38. This trade represents a 32.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is owned by company insiders.

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.