Leidos Holdings, Inc. $LDOS Shares Sold by State of Wyoming

Key Points

• The State of Wyoming reduced its stakes in Leidos Holdings by 49.0% in the first quarter, now owning 1,482 shares worth approximately $200,000.
• Institutional investors currently hold 76.12% of Leidos's stock, with several hedge funds increasing their positions during the same quarter.
• Leidos reported a strong quarterly earnings result, with an EPS of $3.21, exceeding expectations, and set FY 2025 guidance between $11.150-$11.450 EPS.

State of Wyoming lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 49.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,482 shares of the aerospace company's stock after selling 1,424 shares during the quarter. State of Wyoming's holdings in Leidos were worth $200,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. REAP Financial Group LLC grew its stake in shares of Leidos by 422.2% in the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after buying an additional 152 shares in the last quarter. MCF Advisors LLC purchased a new position in Leidos in the first quarter valued at about $27,000. Optimum Investment Advisors boosted its holdings in Leidos by 260.0% in the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in Leidos in the first quarter valued at about $33,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Leidos in the first quarter valued at about $54,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.05, for a total value of $356,100.00. Following the sale, the director directly owned 10,137 shares in the company, valued at $1,804,892.85. This trade represents a 16.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Edward Hull sold 12,497 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $178.14, for a total value of $2,226,215.58. Following the completion of the sale, the insider owned 25,817 shares in the company, valued at approximately $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 have sold a total of 22,975 shares of company stock worth $4,078,740 in the last three months. 0.96% of the stock is owned by company insiders.

Leidos Stock Performance

Shares of NYSE LDOS traded up $1.38 during mid-day trading on Wednesday, hitting $180.41. The company had a trading volume of 525,865 shares, compared to its average volume of 659,828. The stock has a market cap of $23.15 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.68 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 debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. The firm's 50 day simple moving average is $171.29 and its two-hundred day simple moving average is $153.48.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $4.24 billion. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The business's revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

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

Wall Street Analysts Forecast Growth

LDOS has been the subject of a number of analyst reports. Jefferies Financial Group raised Leidos from a "hold" rating to a "buy" rating and increased their price target for the company from $185.00 to $205.00 in a report on Wednesday, August 6th. Wall Street Zen downgraded Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Robert W. Baird downgraded Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target for the company. in a report on Tuesday, May 27th. Finally, Citigroup reissued 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, eight have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $183.31.

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.