Leidos Holdings, Inc. $LDOS Shares Bought by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management significantly increased its stake in Leidos Holdings, Inc., buying 9,739 additional shares, bringing their total holdings to 20,144 shares valued at approximately $3.18 million.
• Leidos recently reported earnings of $3.21 EPS, surpassing analysts' estimates, while its revenue reached $4.25 billion, reflecting a 2.9% year-over-year increase.
• Following recent insider trades, insiders sold 22,975 shares in the last ninety days, with institutional investors holding about 76.12% of Leidos's stock.

Ritholtz Wealth Management raised its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 93.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,144 shares of the aerospace company's stock after acquiring an additional 9,739 shares during the period. Ritholtz Wealth Management's holdings in Leidos were worth $3,178,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. REAP Financial Group LLC lifted its holdings in shares of Leidos by 50.0% in the 2nd quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company's stock valued at $36,000 after buying an additional 76 shares during the period. Groupe la Francaise lifted its holdings in shares of Leidos by 6.2% in the 1st quarter. Groupe la Francaise now owns 1,566 shares of the aerospace company's stock valued at $212,000 after buying an additional 91 shares during the period. Resolute Wealth Strategies LLC lifted its holdings in shares of Leidos by 1.9% in the 1st quarter. Resolute Wealth Strategies LLC now owns 5,134 shares of the aerospace company's stock valued at $693,000 after buying an additional 97 shares during the period. EP Wealth Advisors LLC lifted its holdings in Leidos by 0.7% in the first quarter. EP Wealth Advisors LLC now owns 14,078 shares of the aerospace company's stock valued at $1,900,000 after acquiring an additional 104 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in Leidos by 9.2% in the first quarter. Exchange Traded Concepts LLC now owns 1,273 shares of the aerospace company's stock valued at $172,000 after acquiring an additional 107 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Activity at Leidos

In other news, Director Gregory R. Dahlberg sold 952 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $168,913.36. Following the completion of the sale, the director directly owned 21,068 shares in the company, valued at $3,738,095.24. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Edward Hull sold 12,497 shares of the stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,975 shares of company stock valued at $4,078,740. 0.96% of the stock is owned by insiders.

Leidos Stock Down 0.3%

LDOS opened at $186.72 on Thursday. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve 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. The company has a 50-day moving average price of $184.01 and a 200 day moving average price of $162.88. The company has a market cap of $23.96 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71.

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

Leidos Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LDOS shares. Royal Bank Of Canada raised Leidos from a "hold" rating to a "moderate buy" rating in a report on Thursday, September 4th. Argus boosted their target price on shares of Leidos from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Stifel Nicolaus set a $178.00 price objective on shares of Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Citigroup reiterated a "buy" rating and issued a $190.00 price objective (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. Finally, Wall Street Zen cut Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $188.31.

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.

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