Allstate Corp Takes Position in Leidos Holdings, Inc. $LDOS

Allstate Corp bought a new position in Leidos Holdings, Inc. (NYSE:LDOS) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 4,650 shares of the aerospace company’s stock, valued at approximately $879,000.

Other hedge funds have also added to or reduced their stakes in the company. Kendall Capital Management increased its stake in Leidos by 93.7% in the 2nd quarter. Kendall Capital Management now owns 4,270 shares of the aerospace company’s stock worth $674,000 after purchasing an additional 2,065 shares during the period. Kathmere Capital Management LLC boosted its stake in shares of Leidos by 145.6% during the second quarter. Kathmere Capital Management LLC now owns 7,998 shares of the aerospace company’s stock valued at $1,262,000 after purchasing an additional 4,742 shares during the period. McAdam LLC bought a new position in shares of Leidos in the second quarter worth approximately $286,000. QRG Capital Management Inc. increased its stake in shares of Leidos by 31.7% in the second quarter. QRG Capital Management Inc. now owns 90,038 shares of the aerospace company’s stock worth $14,204,000 after buying an additional 21,657 shares during the period. Finally, Klein Pavlis & Peasley Financial Inc. bought a new stake in Leidos during the 2nd quarter valued at $2,556,000. 76.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Leidos

In related news, insider Elizabeth A. Porter sold 3,000 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $181.04, for a total value of $543,120.00. Following the completion of the transaction, the insider directly owned 41,575 shares in the company, valued at $7,526,738. This trade represents a 6.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. Citigroup increased their target price on shares of Leidos from $218.00 to $232.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings restated a “buy (b)” rating on shares of Leidos in a report on Monday, December 29th. Bank of America increased their price objective on Leidos from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $220.00 price objective on shares of Leidos in a research report on Wednesday, January 7th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $213.09.

Leidos Stock Up 0.5%

LDOS stock opened at $191.92 on Thursday. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $205.77. The company has a market capitalization of $24.54 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 1.33 and a beta of 0.58. The business’s 50 day moving average price is $188.91 and its two-hundred day moving average price is $183.44. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.50 and a current ratio of 1.62.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.61 by $0.44. The company had revenue of $4.47 billion for the quarter, compared to analyst estimates 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. As a group, analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a dividend of $0.43 per share. This is a boost from Leidos’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, December 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.9%. Leidos’s dividend payout ratio (DPR) is presently 16.04%.

Leidos Company 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.