First Citizens Bank & Trust Co. Raises Stock Holdings in Leidos Holdings, Inc. $LDOS

Key Points

• First Citizens Bank & Trust Co. increased its stake in Leidos Holdings, Inc. by 29.9% in Q2, owning 55,370 shares valued at $8,735,000 after purchasing an additional 12,754 shares.
• Leidos reported earnings of $3.21 per share for the latest quarter, exceeding analysts' expectations by $0.58, contributing to a revenue of $4.25 billion.
• The company recently announced a quarterly dividend of $0.40 per share, representing an annualized yield of 0.8%, with a payout ratio of 15.12%.

First Citizens Bank & Trust Co. boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 29.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,370 shares of the aerospace company's stock after purchasing an additional 12,754 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Leidos were worth $8,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Quotient Wealth Partners LLC grew its position in shares of Leidos by 4.3% in 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 last quarter. REAP Financial Group LLC boosted its stake in Leidos by 50.0% in the second quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company's stock valued at $36,000 after acquiring an additional 76 shares in the last quarter. Private Trust Co. NA grew its holdings in Leidos by 35.9% in the second quarter. Private Trust Co. NA now owns 303 shares of the aerospace company's stock worth $48,000 after purchasing an additional 80 shares during the last quarter. Groupe la Francaise grew its holdings in Leidos by 6.2% in the first quarter. Groupe la Francaise now owns 1,566 shares of the aerospace company's stock worth $212,000 after purchasing an additional 91 shares during the last quarter. Finally, Resolute Wealth Strategies LLC increased its position in shares of Leidos by 1.9% during the first quarter. Resolute Wealth Strategies LLC now owns 5,134 shares of the aerospace company's stock worth $693,000 after purchasing an additional 97 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Insider Activity at Leidos

In other Leidos news, insider Stephen Edward Hull sold 12,497 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $178.14, for a total transaction of $2,226,215.58. Following the completion of the sale, the insider owned 25,817 shares of the company's stock, valued at $4,599,040.38. This trade represents a 32.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory R. Dahlberg sold 952 shares of the company's stock in a transaction 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 owned 21,068 shares in the company, valued at approximately $3,738,095.24. This represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,975 shares of company stock worth $4,078,740. Company insiders own 0.96% of the company's stock.

Leidos Stock Performance

Shares of LDOS stock opened at $189.20 on Thursday. The company has a market capitalization of $24.27 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.81 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 business's 50 day moving average is $185.05 and its two-hundred day moving average is $164.64. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06.

Leidos (NYSE:LDOS - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $4.24 billion. During the same period in the previous year, the business earned $2.63 EPS. 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. Analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. Leidos's payout ratio is presently 15.12%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. UBS Group upped their target price on Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Truist Financial set a $195.00 price objective on shares of Leidos in a report on Tuesday, September 30th. Royal Bank Of Canada raised shares of Leidos from a "hold" rating to a "moderate buy" rating in a research report on Thursday, September 4th. Wall Street Zen lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Citigroup reaffirmed a "buy" rating and issued a $190.00 price target (up previously from $186.00) on shares of Leidos in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $188.31.

About Leidos

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.

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