Weik Capital Management Purchases New Shares in Leidos Holdings, Inc. $LDOS

Weik Capital Management acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,482 shares of the aerospace company’s stock, valued at approximately $1,023,000.

Other hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC increased its position in shares of Leidos by 9.7% in the first quarter. Private Advisor Group LLC now owns 8,962 shares of the aerospace company’s stock worth $1,209,000 after acquiring an additional 795 shares in the last quarter. Burney Co. boosted its stake in Leidos by 22.0% in the 1st quarter. Burney Co. now owns 2,121 shares of the aerospace company’s stock worth $286,000 after purchasing an additional 383 shares during the period. Assetmark Inc. grew its position in Leidos by 0.8% during the 1st quarter. Assetmark Inc. now owns 15,891 shares of the aerospace company’s stock worth $2,144,000 after purchasing an additional 133 shares in the last quarter. HB Wealth Management LLC raised its stake in Leidos by 139.4% during the 1st quarter. HB Wealth Management LLC now owns 7,736 shares of the aerospace company’s stock valued at $1,044,000 after purchasing an additional 4,505 shares during the period. Finally, TD Asset Management Inc lifted its holdings in shares of Leidos by 17.5% in the first quarter. TD Asset Management Inc now owns 157,667 shares of the aerospace company’s stock valued at $21,276,000 after purchasing an additional 23,511 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Performance

LDOS stock opened at $186.41 on Monday. The firm has a 50 day moving average of $190.07 and a two-hundred day moving average of $172.68. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $205.77. The company has a market capitalization of $23.83 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.37 and a beta of 0.69. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 0.94.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $0.44. The business 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 anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis 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 dividend payout ratio (DPR) is 14.93%.

Insiders Place Their Bets

In other Leidos news, insider Stephen Edward Hull sold 12,497 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $178.14, for a total transaction 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. This represents 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 through the SEC website. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Zacks Research downgraded Leidos from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. 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. Jefferies Financial Group upgraded shares of Leidos from a “hold” rating to a “buy” rating and raised their price target for the stock from $185.00 to $205.00 in a report on Wednesday, August 6th. Cantor Fitzgerald upped their price objective on shares of Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Leidos in a research note on Monday, November 17th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $199.23.

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.