Public Employees Retirement System of Ohio Reduces Position in Leidos Holdings, Inc. $LDOS

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Leidos Holdings, Inc. by 3.4% in the second quarter, now holding 42,410 shares valued at $6.69 million.
• Leidos reported $3.21 EPS for the recent quarter, exceeding analysts' estimates, and indicated FY 2025 guidance of 11.150-11.450 EPS.
• Leidos is set to pay a quarterly dividend of $0.40 on September 30th, which represents an annualized dividend yield of 0.9%.

Public Employees Retirement System of Ohio lowered its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,410 shares of the aerospace company's stock after selling 1,494 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Leidos were worth $6,691,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Leidos by 9.1% in the 1st quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company's stock valued at $131,000 after acquiring an additional 81 shares during the last quarter. Groupe la Francaise raised its position in shares of Leidos by 6.2% during the 1st quarter. Groupe la Francaise now owns 1,566 shares of the aerospace company's stock worth $212,000 after purchasing an additional 91 shares during the last quarter. Resolute Wealth Strategies LLC lifted its stake in shares of Leidos by 1.9% during the first 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 grew its holdings in Leidos by 0.7% in the 1st quarter. EP Wealth Advisors LLC now owns 14,078 shares of the aerospace company's stock valued at $1,900,000 after buying an additional 104 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in Leidos by 9.2% during 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. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 952 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $168,913.36. Following the transaction, the director directly owned 21,068 shares in the company, valued at $3,738,095.24. The trade was a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 10,137 shares in the company, valued at approximately $1,804,892.85. This represents a 16.48% 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 ninety days. 0.69% of the stock is currently owned by corporate insiders.

Leidos Price Performance

Shares of Leidos stock opened at $184.95 on Monday. The firm's 50-day moving average price is $176.66 and its two-hundred day moving average price is $158.21. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.73 and a beta of 0.71. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last posted 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 firm 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 for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, equities analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group upgraded Leidos from a "hold" rating to a "buy" rating and increased their target price for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Argus lifted their price target on Leidos from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Royal Bank Of Canada upgraded Leidos from a "hold" rating to a "moderate buy" rating in a research report on Thursday, September 4th. Wall Street Zen lowered Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Stifel Nicolaus set a $178.00 target price on shares of Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. One investment 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. According to MarketBeat.com, Leidos currently has an average rating of "Moderate Buy" and a consensus price target of $185.21.

Leidos Company 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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