Spire Wealth Management Has $85,000 Holdings in Leidos Holdings, Inc. $LDOS

Spire Wealth Management lessened its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 93.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 537 shares of the aerospace company’s stock after selling 7,685 shares during the period. Spire Wealth Management’s holdings in Leidos were worth $85,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quotient Wealth Partners LLC raised its holdings in Leidos by 4.3% during the 2nd quarter. Quotient Wealth Partners LLC now owns 1,627 shares of the aerospace company’s stock worth $257,000 after buying an additional 67 shares during the period. REAP Financial Group LLC raised its holdings in Leidos by 50.0% during the 2nd quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock worth $36,000 after buying an additional 76 shares during the period. Private Trust Co. NA raised its holdings in Leidos by 35.9% during the 2nd quarter. Private Trust Co. NA now owns 303 shares of the aerospace company’s stock worth $48,000 after buying an additional 80 shares during the period. Advisory Alpha LLC raised its holdings in Leidos by 5.1% during the 2nd quarter. Advisory Alpha LLC now owns 1,657 shares of the aerospace company’s stock worth $261,000 after buying an additional 80 shares during the period. Finally, Groupe la Francaise raised its holdings in Leidos by 6.2% during the 1st quarter. Groupe la Francaise now owns 1,566 shares of the aerospace company’s stock worth $212,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Activity

In other news, insider Stephen Edward Hull sold 12,497 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 25,817 shares of the company’s stock, valued at approximately $4,599,040.38. This represents a 32.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of the 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 sale, the director directly owned 10,137 shares of the company’s stock, valued at $1,804,892.85. This represents a 16.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 22,975 shares of company stock valued at $4,078,740. 0.96% of the stock is owned by company insiders.

Leidos Stock Down 2.3%

Shares of Leidos stock opened at $194.96 on Thursday. The stock has a market capitalization of $25.01 billion, a P/E ratio of 18.19, a PEG ratio of 1.85 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. The stock has a 50 day moving average price of $187.33 and a two-hundred day moving average price of $168.71. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $205.77.

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

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.43 dividend. This is a positive change from Leidos’s previous quarterly dividend of $0.40. 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. Leidos’s dividend payout ratio (DPR) is currently 15.12%.

Analysts Set New Price Targets

Several analysts have issued reports on LDOS shares. UBS Group boosted their price objective on Leidos from $209.00 to $216.00 and gave the stock a “neutral” rating in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leidos in a research note on Wednesday, October 8th. Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Jefferies Financial Group raised Leidos from a “hold” rating to a “buy” rating and lifted their target price for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Finally, Citigroup reaffirmed a “buy” rating and set a $190.00 target price (up previously from $186.00) on shares of Leidos in a research note on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.25.

Leidos Company 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.