Teamwork Financial Advisors LLC Purchases Shares of 11,803 Leidos Holdings, Inc. (NYSE:LDOS)

18 Oct 2024, 06:19 by Scott Moore · The Cerbat Gem

Teamwork Financial Advisors LLC purchased a new position in Leidos Holdings, Inc. (NYSE:LDOS – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,803 shares of the aerospace company’s stock, valued at approximately $1,924,000.

Several other institutional investors have also recently made changes to their positions in LDOS. 1832 Asset Management L.P. purchased a new position in shares of Leidos during the 2nd quarter valued at $34,000. Blue Trust Inc. lifted its position in shares of Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Leidos by 122.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 169 shares during the period. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Leidos during the third quarter worth about $46,000. Finally, Family Firm Inc. bought a new stake in Leidos during the 2nd quarter valued at approximately $60,000. Institutional investors own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LDOS shares. Stifel Nicolaus upped their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Citigroup boosted their target price on shares of Leidos from $169.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their target price on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada lifted their price target on shares of Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. Finally, Barclays increased their price objective on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $166.92.

Check Out Our Latest Analysis on LDOS

Leidos Stock Performance

NYSE LDOS opened at $168.34 on Friday. The company has a market cap of $22.68 billion, a P/E ratio of 52.77, a P/E/G ratio of 1.51 and a beta of 0.70. The business’s 50 day moving average price is $157.37 and its 200-day moving average price is $147.61. Leidos Holdings, Inc. has a fifty-two week low of $90.30 and a fifty-two week high of $170.08. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21.

Leidos (NYSE:LDOS – Get Free Report) last announced its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The business had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the firm posted $1.80 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts predict that Leidos Holdings, Inc. will post 8.95 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.90%. Leidos’s payout ratio is 47.65%.

Insider Buying and Selling

In other Leidos news, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now owns 11,264 shares of the company’s stock, valued at $1,622,241.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Leidos news, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas Arthur Bell purchased 1,712 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were bought at an average cost of $145.04 per share, with a total value of $248,308.48. Following the purchase, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.96% of the stock is owned by corporate insiders.

About Leidos

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