Leidos Holdings, Inc. $LDOS is Running Oak Capital LLC's 7th Largest Position

Key Points

• Running Oak Capital LLC has reduced its stake in Leidos Holdings by 3.0%, making it the firm’s 7th largest position, representing 2.0% of its total holdings.
• Leidos reported **earnings of $3.21 per share**, exceeding analysts’ expectations, with a quarterly revenue of **$4.25 billion**, showing a 2.9% increase year-over-year.
• The company announced a quarterly dividend of **$0.40 per share**, equating to an annualized yield of 0.8%, following a low payout ratio of **15.12%**.

Running Oak Capital LLC cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,044 shares of the aerospace company's stock after selling 3,422 shares during the period. Leidos makes up 2.0% of Running Oak Capital LLC's holdings, making the stock its 7th biggest holding. Running Oak Capital LLC owned approximately 0.09% of Leidos worth $17,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Leidos Trading Up 1.5%

NYSE LDOS opened at $195.73 on Monday. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The firm has a 50 day moving average of $179.51 and a two-hundred day moving average of $160.10. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $25.11 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.83 and a beta of 0.71.

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 (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.58. The business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, research 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. Stockholders of record on Monday, September 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, September 15th. Leidos's dividend payout ratio (DPR) is 15.12%.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 952 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $168,913.36. Following the completion of the transaction, the director directly owned 21,068 shares of the company's stock, valued at $3,738,095.24. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen Edward Hull sold 12,497 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $178.14, for a total transaction of $2,226,215.58. Following the completion of the transaction, the insider owned 25,817 shares in the company, valued at $4,599,040.38. This represents a 32.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,975 shares of company stock worth $4,078,740 over the last 90 days. 0.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on LDOS. Citigroup reaffirmed a "buy" rating and issued a $190.00 target price (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Weiss Ratings reissued a "buy (b-)" rating on shares of Leidos in a research note on Saturday, September 27th. Argus upped their target price on shares of Leidos from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. UBS Group increased their target price on shares of Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada upgraded shares of Leidos from a "hold" rating to a "moderate buy" rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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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