Teza Capital Management LLC Sells 5,998 Shares of Leidos Holdings, Inc. $LDOS

Key Points

• Teza Capital Management LLC reduced its stake in Leidos Holdings, Inc. by 53.7%, selling 5,998 shares and leaving it with 5,176 shares valued at approximately $698,000.
• Leidos recently posted better-than-expected quarterly earnings, reporting $3.21 EPS, exceeding estimates of $2.63 EPS, with revenue of $4.25 billion.
• The company declared a quarterly dividend of $0.40 per share, with an ex-dividend date of September 15th, resulting in an annualized yield of 0.9%.

Teza Capital Management LLC lessened its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 53.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,176 shares of the aerospace company's stock after selling 5,998 shares during the quarter. Teza Capital Management LLC's holdings in Leidos were worth $698,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. UniSuper Management Pty Ltd boosted its stake in shares of Leidos by 8.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 17,135 shares of the aerospace company's stock worth $2,312,000 after acquiring an additional 1,323 shares in the last quarter. Petrus Trust Company LTA bought a new stake in shares of Leidos during the 1st quarter worth about $250,000. PharVision Advisers LLC bought a new stake in shares of Leidos during the 1st quarter worth about $372,000. New Vernon Capital Holdings II LLC bought a new stake in shares of Leidos during the 1st quarter worth about $29,881,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Leidos by 65.9% during the 1st quarter. NewEdge Advisors LLC now owns 33,271 shares of the aerospace company's stock worth $4,490,000 after acquiring an additional 13,211 shares in the last quarter. 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 that occurred on Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $168,913.36. Following the completion of the transaction, the director owned 21,068 shares of the company's stock, valued at $3,738,095.24. This represents a 4.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary Stephen May sold 2,000 shares of the company'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 value of $356,100.00. Following the completion of the transaction, the director directly owned 10,137 shares of the company's stock, valued at approximately $1,804,892.85. This trade represents a 16.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,975 shares of company stock valued at $4,078,740 in the last quarter. Corporate insiders own 0.96% of the company's stock.

Leidos Trading Up 0.1%

Leidos stock opened at $178.71 on Friday. The business has a 50 day moving average price of $170.17 and a two-hundred day moving average price of $152.60. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. The stock has a market cap of $22.93 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 2.04 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.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.63 by $0.58. The firm had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.24 billion. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 annualized dividend and a yield of 0.9%. Leidos's dividend payout ratio is 15.12%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LDOS. Stifel Nicolaus set a $178.00 target price on Leidos and gave the company a "buy" rating in a research note on Tuesday, June 24th. Royal Bank Of Canada upgraded Leidos from a "hold" rating to a "moderate buy" rating in a research note on Thursday. Citigroup restated a "buy" rating and set a $190.00 target price (up previously from $186.00) on shares of Leidos in a research note on Monday, July 14th. Wall Street Zen downgraded Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $183.31.

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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