40,000 Shares in Leidos Holdings, Inc. $LDOS Acquired by Strive Asset Management LLC

Strive Asset Management LLC purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 40,000 shares of the aerospace company’s stock, valued at approximately $7,558,000. Leidos makes up approximately 0.3% of Strive Asset Management LLC’s portfolio, making the stock its 28th largest position.

Several other hedge funds have also modified their holdings of the stock. Mather Group LLC. purchased a new position in Leidos during the 3rd quarter worth approximately $28,000. True Wealth Design LLC boosted its holdings in shares of Leidos by 471.4% during the second 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. First Horizon Corp purchased a new position in shares of Leidos during the 3rd quarter valued at $39,000. Motco purchased a new position in Leidos in the third quarter valued at about $43,000. Finally, Colonial Trust Advisors increased its holdings in Leidos by 1,942.9% in the second quarter. Colonial Trust Advisors now owns 286 shares of the aerospace company’s stock worth $45,000 after buying an additional 272 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Trading Up 2.4%

Shares of NYSE:LDOS opened at $179.25 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.58. The company’s 50-day moving average price is $185.45 and its two-hundred day moving average price is $186.61. The stock has a market capitalization of $22.66 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.24 and a beta of 0.63. Leidos Holdings, Inc. has a one year low of $127.39 and a one year high of $205.77.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 17th. The aerospace company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.57 by $0.19. Leidos had a return on equity of 32.95% and a net margin of 8.43%.The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same period in the prior year, the firm posted $2.37 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.050-12.450 EPS. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, March 16th. Leidos’s payout ratio is 15.45%.

Insider Transactions at Leidos

In other Leidos news, insider Elizabeth A. Porter sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total value of $576,630.00. Following the sale, the insider owned 38,575 shares in the company, valued at $7,414,500.75. This represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LDOS has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Leidos from $220.00 to $205.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. Truist Financial reaffirmed a “buy” rating and set a $220.00 price objective (up from $200.00) on shares of Leidos in a report on Tuesday, November 4th. UBS Group set a $204.00 price target on shares of Leidos in a research note on Thursday, January 15th. Bank of America lifted their target price on shares of Leidos from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $215.00 target price on shares of Leidos in a report on Monday, February 23rd. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and a consensus target price of $214.18.

Leidos Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.