Comerica Bank Sells 37,117 Shares of Leidos Holdings, Inc. $LDOS

Key Points

• Comerica Bank has reduced its stake in Leidos Holdings, Inc. by 53.9%, now owning 31,789 shares worth approximately $4.29 million after selling 37,117 shares.
• Several other institutional investors have increased their holdings in Leidos, with Oliver Luxxe Assets LLC boosting their stake by 8.4% during the same period.
• Leidos reported an earnings per share (EPS) of $3.21 for the last quarter, surpassing expectations, and has set its FY 2025 EPS guidance between $11.150-$11.450.

Comerica Bank lowered its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 53.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,789 shares of the aerospace company's stock after selling 37,117 shares during the period. Comerica Bank's holdings in Leidos were worth $4,290,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Oliver Luxxe Assets LLC lifted its holdings in shares of Leidos by 8.4% during the 1st quarter. Oliver Luxxe Assets LLC now owns 9,242 shares of the aerospace company's stock worth $1,247,000 after acquiring an additional 716 shares during the period. Systematic Financial Management LP lifted its holdings in shares of Leidos by 0.7% during the 1st quarter. Systematic Financial Management LP now owns 165,563 shares of the aerospace company's stock worth $22,341,000 after acquiring an additional 1,093 shares during the period. Groupe la Francaise lifted its holdings in shares of 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 acquiring an additional 91 shares during the period. Allstate Corp lifted its holdings in shares of Leidos by 22.8% during the 1st quarter. Allstate Corp now owns 4,591 shares of the aerospace company's stock worth $620,000 after acquiring an additional 853 shares during the period. Finally, Norinchukin Bank The lifted its holdings in shares of Leidos by 15.4% during the 1st quarter. Norinchukin Bank The now owns 7,652 shares of the aerospace company's stock worth $1,033,000 after acquiring an additional 1,020 shares during the period. Institutional investors own 76.12% of the company's stock.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 952 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $168,913.36. Following the transaction, the director directly owned 21,068 shares of the company's stock, valued at $3,738,095.24. This trade represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Edward Hull sold 7,526 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $176.39, for a total transaction of $1,327,511.14. Following the transaction, the insider directly owned 26,481 shares in the company, valued at $4,670,983.59. The trade was a 22.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,478 shares of company stock valued at $1,852,525 over the last ninety days. 0.69% of the stock is owned by corporate insiders.

Leidos Trading Down 0.3%

Shares of LDOS stock traded down $0.48 during trading hours on Monday, hitting $180.88. 671,024 shares of the company's stock traded hands, compared to its average volume of 889,780. The stock's 50 day simple moving average is $168.22 and its 200 day simple moving average is $151.43. The stock has a market cap of $23.21 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 2.07 and a beta of 0.71. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. 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 posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.58. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The company had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.24 billion. During the same period in the prior year, the company posted $2.63 earnings per share. Leidos's revenue for the quarter was up 2.9% compared to the same quarter last year. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on LDOS. Citigroup reaffirmed a "buy" rating and set a $190.00 price target (up previously from $186.00) on shares of Leidos in a report on Monday, July 14th. Wells Fargo & Company increased their price objective on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Jefferies Financial Group raised shares of Leidos from a "hold" rating to a "buy" rating and increased their price objective for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Stifel Nicolaus set a $178.00 price objective on shares of Leidos and gave the company a "buy" rating in a research note on Tuesday, June 24th. Finally, Royal Bank Of Canada increased their price objective on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $179.46.

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.