State of New Jersey Common Pension Fund D Sells 3,620 Shares of Leidos Holdings, Inc. $LDOS

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in Leidos Holdings, Inc. by 7.7%, now owning 43,091 shares valued at approximately $5.82 million.
• Leidos reported earnings of $3.21 per share for the most recent quarter, exceeding analyst expectations of $2.63 and showing a revenue of $4.25 billion.
• The company has declared a quarterly dividend of $0.40 per share, scheduled for payment on September 30th, with a current annualized dividend yield of 0.9%.

State of New Jersey Common Pension Fund D cut its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,091 shares of the aerospace company's stock after selling 3,620 shares during the period. State of New Jersey Common Pension Fund D's holdings in Leidos were worth $5,815,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LDOS. Ethic Inc. grew its position in Leidos by 24.7% in the 1st quarter. Ethic Inc. now owns 12,426 shares of the aerospace company's stock valued at $1,677,000 after purchasing an additional 2,458 shares during the period. Brandywine Global Investment Management LLC boosted its stake in Leidos by 60.6% during the 1st quarter. Brandywine Global Investment Management LLC now owns 131,700 shares of the aerospace company's stock valued at $17,772,000 after purchasing an additional 49,686 shares during the last quarter. Aberdeen Group plc increased its holdings in Leidos by 110.7% during the 1st quarter. Aberdeen Group plc now owns 125,870 shares of the aerospace company's stock worth $16,957,000 after purchasing an additional 66,124 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Leidos by 10.0% in the first 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. Finally, Cookson Peirce & Co. Inc. purchased a new position in shares of Leidos during the first quarter valued at approximately $549,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Citigroup reiterated a "buy" rating and set a $190.00 target price (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Robert W. Baird downgraded shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target on the stock. in a report on Tuesday, May 27th. Wells Fargo & Company raised their price objective on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $179.46.

Leidos Stock Performance

NYSE:LDOS traded up $1.2630 on Friday, reaching $181.7030. 608,930 shares of the company's stock were exchanged, compared to its average volume of 1,358,198. The firm has a market cap of $23.31 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 2.06 and a beta of 0.65. 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 stock has a fifty day simple moving average of $163.63 and a 200-day simple moving average of $149.16. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, beating analysts' consensus estimates of $2.63 by $0.58. The company had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. Leidos's revenue was up 2.9% compared to the same quarter last year. During the same period in the prior 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 predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Gregory R. Dahlberg sold 952 shares of the firm'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 value of $168,913.36. Following the completion of the transaction, the director directly owned 21,068 shares in the company, valued at approximately $3,738,095.24. This trade represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Edward Hull sold 7,526 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $176.39, for a total transaction of $1,327,511.14. Following the sale, the insider directly owned 26,481 shares in the company, valued at $4,670,983.59. This trade represents a 22.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,478 shares of company stock worth $1,852,525 in the last quarter. 0.96% of the stock is owned by company insiders.

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.