Leidos Holdings, Inc. $LDOS Stake Reduced by Busey Bank

Key Points

• Busey Bank reduced its stake in Leidos Holdings, Inc. by 1.7%, leaving it with approximately 97,501 shares valued at around $15.38 million.
• Leidos reported an EPS of $3.21 for the last quarter, surpassing analysts' expectations and indicating a 2.9% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.40 per share, with a dividend yield of 0.9% and a payout ratio of 15.12%.

Busey Bank reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,501 shares of the aerospace company's stock after selling 1,674 shares during the period. Busey Bank owned 0.08% of Leidos worth $15,382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Leidos by 7.9% during the first quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company's stock valued at $461,065,000 after acquiring an additional 251,245 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Leidos by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company's stock valued at $315,250,000 after buying an additional 536,452 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Leidos by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company's stock worth $253,262,000 after purchasing an additional 170,263 shares in the last quarter. AQR Capital Management LLC lifted its stake in Leidos by 3.0% in the 1st quarter. AQR Capital Management LLC now owns 1,183,157 shares of the aerospace company's stock worth $159,342,000 after purchasing an additional 34,328 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Leidos by 130.3% in the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company's stock worth $96,001,000 after buying an additional 402,454 shares during the last quarter. Institutional investors own 76.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LDOS. Jefferies Financial Group raised shares of Leidos from a "hold" rating to a "buy" rating and upped their price target for the stock from $185.00 to $205.00 in a research report on Wednesday, August 6th. Stifel Nicolaus set a $178.00 price objective on shares of Leidos and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Baird R W lowered shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Robert W. Baird lowered shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target on the stock. in a research report on Tuesday, May 27th. Finally, UBS Group raised their price target on shares of Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $183.31.

Leidos Trading Up 0.3%

Shares of LDOS traded up $0.64 during trading on Friday, reaching $187.79. 3,133,073 shares of the company traded hands, compared to its average volume of 779,059. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The stock has a market cap of $24.09 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. The stock has a 50-day simple moving average of $174.29 and a 200-day simple moving average of $156.45. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.58. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The firm's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.40 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Leidos's payout ratio is currently 15.12%.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.05, for a total value of $356,100.00. Following the transaction, the director directly owned 10,137 shares in the company, valued at approximately $1,804,892.85. This represents a 16.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory R. Dahlberg sold 952 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the transaction, the director owned 21,068 shares in the company, valued at approximately $3,738,095.24. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,975 shares of company stock worth $4,078,740. Corporate insiders own 0.69% of the company's stock.

Leidos 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.