8,182 Shares in Leidos Holdings, Inc. $LDOS Purchased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,182 shares of the aerospace company’s stock, valued at approximately $1,291,000.

Several other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in shares of Leidos by 25.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,215 shares of the aerospace company’s stock valued at $192,000 after acquiring an additional 244 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its stake in Leidos by 2.3% during the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 16,250 shares of the aerospace company’s stock valued at $2,564,000 after purchasing an additional 371 shares during the period. Corton Capital Inc. purchased a new stake in shares of Leidos in the second quarter valued at $277,000. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Leidos by 66.2% in 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. Finally, Tredje AP fonden boosted its position in shares of Leidos by 36.2% in the second quarter. Tredje AP fonden now owns 13,852 shares of the aerospace company’s stock worth $2,185,000 after buying an additional 3,683 shares during the period. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Leidos

In other Leidos news, Director Gary Stephen May sold 2,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.05, for a total transaction of $356,100.00. Following the transaction, the director owned 10,137 shares in the company, valued at $1,804,892.85. This trade represents a 16.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gregory R. Dahlberg sold 952 shares of Leidos stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $168,913.36. Following the completion of the transaction, the director directly owned 21,068 shares in the company, valued at approximately $3,738,095.24. This represents a 4.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 15,449 shares of company stock valued at $2,751,229. Corporate insiders own 0.96% of the company’s stock.

Leidos Stock Performance

Shares of LDOS opened at $196.89 on Friday. The firm has a market cap of $25.17 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.80 and a beta of 0.69. The company’s fifty day moving average is $187.93 and its 200-day moving average is $169.30. 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 Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $205.77.

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. Equities analysts expect 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. Stockholders of record on Monday, December 15th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from Leidos’s previous quarterly dividend of $0.40. Leidos’s payout ratio is currently 15.12%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Truist Financial reissued a “buy” rating and set a $220.00 price target (up from $200.00) on shares of Leidos in a research report on Tuesday. Citigroup reiterated a “buy” rating and issued a $190.00 target price (up previously from $186.00) on shares of Leidos in a report on Monday, July 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $230.00 price target on shares of Leidos in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leidos in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Leidos has a consensus rating of “Moderate Buy” and a consensus price target of $199.23.

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.