Leidos Holdings, Inc. $LDOS Shares Purchased by Vest Financial LLC

Key Points

• Vest Financial LLC increased its stake in Leidos Holdings, Inc. by 19.5%, owning 8,806 shares worth approximately $1.39 million as of the end of the second quarter.
• Insiders have recently sold 22,975 shares of Leidos stock, reflecting a significant decrease in ownership positions, with one director selling 2,000 shares and another selling 12,497 shares.
• Leidos reported $3.21 earnings per share for the latest quarter, exceeding analysts' estimates, and has established guidance for FY 2025 at 11.150-11.450 EPS.

Vest Financial LLC boosted its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 19.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,806 shares of the aerospace company's stock after buying an additional 1,438 shares during the quarter. Vest Financial LLC's holdings in Leidos were worth $1,389,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Leidos by 7.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company's stock worth $461,065,000 after buying an additional 251,245 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Leidos by 29.8% in 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 purchasing an additional 536,452 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Leidos by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company's stock valued at $253,262,000 after purchasing an additional 170,263 shares in the last quarter. AQR Capital Management LLC raised its stake 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 purchasing an additional 34,328 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake 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 valued at $96,001,000 after purchasing an additional 402,454 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Insiders Place Their Bets

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 completion of the transaction, the director 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 available at this link. Also, insider Stephen Edward Hull sold 12,497 shares of the company's stock in a transaction dated 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 transaction, the insider owned 25,817 shares of the company's stock, valued at approximately $4,599,040.38. This trade represents a 32.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,975 shares of company stock worth $4,078,740. Insiders own 0.69% of the company's stock.

Leidos Price Performance

Shares of NYSE:LDOS opened at $187.33 on Wednesday. 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 Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The firm has a 50-day simple moving average of $183.76 and a 200 day simple moving average of $162.72. The company has a market cap of $24.03 billion, a PE ratio of 17.71, a P/E/G ratio of 1.74 and a beta of 0.71.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.58. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the firm earned $2.63 EPS. The company'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 Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LDOS shares. Wall Street Zen lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Stifel Nicolaus set a $178.00 target price on shares of Leidos and gave the company a "buy" rating in a research note on Tuesday, June 24th. Jefferies Financial Group upgraded shares of Leidos from a "hold" rating to a "buy" rating and upped their target price for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Weiss Ratings restated a "buy (b-)" rating on shares of Leidos in a research note on Wednesday, October 8th. Finally, UBS Group upped their target price on shares of Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from 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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