Rice Partnership LLC Has $253,000 Stock Position in Leidos Holdings, Inc. $LDOS

Key Points

• Rice Partnership LLC reduced its position in Leidos Holdings, Inc. by 50%, owning 1,604 shares valued at $253,000 as of the last quarter.
• Leidos reported earnings of $3.21 per share, surpassing expectations, with a revenue of $4.25 billion for the quarter, reflecting a 2.9% year-over-year increase.
• The company declared a quarterly dividend of $0.40 per share, with a yield of 0.8%, further indicating a commitment to returning value to shareholders.

Rice Partnership LLC trimmed its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 50.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,604 shares of the aerospace company's stock after selling 1,603 shares during the quarter. Rice Partnership LLC's holdings in Leidos were worth $253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LDOS. REAP Financial Group LLC boosted its stake in Leidos by 50.0% during the second quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company's stock worth $36,000 after buying an additional 76 shares in the last quarter. Groupe la Francaise boosted its stake in Leidos by 6.2% during the first quarter. Groupe la Francaise now owns 1,566 shares of the aerospace company's stock worth $212,000 after buying an additional 91 shares in the last quarter. Resolute Wealth Strategies LLC boosted its stake in Leidos by 1.9% during the first quarter. Resolute Wealth Strategies LLC now owns 5,134 shares of the aerospace company's stock worth $693,000 after buying an additional 97 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in Leidos by 0.7% during the first quarter. EP Wealth Advisors LLC now owns 14,078 shares of the aerospace company's stock worth $1,900,000 after buying an additional 104 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Leidos by 9.2% during the first quarter. Exchange Traded Concepts LLC now owns 1,273 shares of the aerospace company's stock worth $172,000 after buying an additional 107 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Performance

Leidos stock opened at $198.16 on Thursday. 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. The company has a market cap of $25.42 billion, a PE ratio of 18.73, a PEG ratio of 1.84 and a beta of 0.71. The company's 50-day moving average is $181.71 and its two-hundred day moving average is $161.06.

Leidos (NYSE:LDOS - Get Free Report) last released its 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. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the prior year, the company posted $2.63 EPS. The company'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. Equities analysts anticipate 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 was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.40 per share. The ex-dividend date was Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Leidos's dividend payout ratio is presently 15.12%.

Wall Street Analysts Forecast Growth

LDOS has been the topic of several recent analyst reports. 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 boosted their target price for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Citigroup restated a "buy" rating and issued a $190.00 target price (up previously from $186.00) on shares of Leidos in a research note on Monday, July 14th. Truist Financial set a $195.00 target price on shares of Leidos in a research note on Tuesday, September 30th. Finally, 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. 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $188.31.

Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 2,000 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.05, for a total value of $356,100.00. Following the completion of the sale, the director directly owned 10,137 shares of the company's stock, valued at $1,804,892.85. This represents a 16.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephen Edward Hull sold 12,497 shares of the company's stock in a transaction dated 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,975 shares of company stock worth $4,078,740. Company insiders own 0.96% of the company's stock.

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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