Gotham Asset Management LLC Sells 45,387 Shares of Leidos Holdings, Inc. $LDOS

Key Points

• Gotham Asset Management LLC reduced its stake in Leidos Holdings by 26.2%, now holding approximately 128,027 shares, following a sale of 45,387 shares during the first quarter.
• Leidos recently reported an earnings per share (EPS) of $3.21 for the quarter, surpassing expectations, and has set a guidance of 11.150-11.450 EPS for FY 2025.
• The company has declared a quarterly dividend of $0.40 per share, with a dividend yield of 0.9%, to be paid on September 30th.

Gotham Asset Management LLC decreased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 26.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,027 shares of the aerospace company's stock after selling 45,387 shares during the period. Gotham Asset Management LLC owned approximately 0.10% of Leidos worth $17,276,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LDOS. REAP Financial Group LLC boosted its stake in shares of Leidos by 422.2% during the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after purchasing an additional 152 shares in the last quarter. MCF Advisors LLC purchased a new position in Leidos during the first quarter valued at $27,000. Optimum Investment Advisors lifted its position in Leidos by 260.0% during the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock valued at $32,000 after buying an additional 169 shares during the period. Zions Bancorporation National Association UT purchased a new position in Leidos during the first quarter valued at $33,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Leidos during the first quarter valued at $54,000. Institutional investors own 76.12% of the company's stock.

Leidos Stock Performance

NYSE LDOS traded up $1.38 during trading hours on Wednesday, hitting $180.41. The company's stock had a trading volume of 394,555 shares, compared to its average volume of 1,307,716. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The company's 50 day simple moving average is $170.93 and its two-hundred day simple moving average is $153.30. The company has a market cap of $23.15 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.67 and a beta of 0.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.58. The business had revenue of $4.25 billion during 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 quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, September 15th. Leidos's payout ratio is 15.12%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LDOS. Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective for the company. in a research report on Tuesday, May 27th. UBS Group raised their price objective on Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Citigroup reissued a "buy" rating and set a $190.00 price objective (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Finally, Royal Bank Of Canada raised Leidos from a "hold" rating to a "moderate buy" rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $183.31.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 2,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the completion of the sale, the director directly owned 10,137 shares in the company, valued at approximately $1,804,892.85. The trade was a 16.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gregory R. Dahlberg sold 952 shares of the business's stock in a transaction that occurred 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 sale, the director owned 21,068 shares of the company's stock, valued at $3,738,095.24. This trade represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,975 shares of company stock worth $4,078,740. 0.69% of the stock is owned by company insiders.

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.