Wedge Capital Management L L P NC Boosts Stock Position in Leidos Holdings, Inc. $LDOS

Key Points

• Wedge Capital Management L L P NC increased its stake in Leidos Holdings, Inc. by 6.5% during Q2, owning 41,860 shares worth $6.6 million after acquiring an additional 2,565 shares.
• Leidos reported $3.21 EPS for the last quarter, exceeding analysts' estimates of $2.63, with revenue of $4.25 billion, up 2.9% year-over-year.
• The company declared a quarterly dividend of $0.40 per share, with an annualized yield of 0.9%, to be paid on September 30th.

Wedge Capital Management L L P NC raised its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 6.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 41,860 shares of the aerospace company's stock after purchasing an additional 2,565 shares during the quarter. Wedge Capital Management L L P NC's holdings in Leidos were worth $6,604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in shares of Leidos by 9.1% during the 1st quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company's stock worth $131,000 after buying an additional 81 shares during the period. Groupe la Francaise grew 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 buying an additional 91 shares during the period. Resolute Wealth Strategies LLC grew its position in shares of Leidos by 1.9% during the 1st 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 during the period. Global Financial Private Client LLC grew its position in shares of Leidos by 1.4% during the 1st quarter. Global Financial Private Client LLC now owns 7,085 shares of the aerospace company's stock worth $956,000 after buying an additional 100 shares during the period. Finally, EP Wealth Advisors LLC grew its position in shares of Leidos by 0.7% during the 1st 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 during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Stock Performance

Shares of Leidos stock traded down $0.97 during trading on Tuesday, hitting $186.90. 240,933 shares of the company's stock traded hands, compared to its average volume of 1,292,068. 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 Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The stock has a market capitalization of $23.98 billion, a P/E ratio of 17.67, a PEG ratio of 1.76 and a beta of 0.71. The business has a 50-day simple moving average of $174.77 and a 200-day simple moving average of $156.79.

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

Leidos Announces Dividend

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

Analyst Ratings Changes

Several research firms recently issued reports on LDOS. Citigroup reissued a "buy" rating and issued a $190.00 price target (up previously from $186.00) on shares of Leidos in a research report 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 for the company. in a research report on Tuesday, May 27th. Wall Street Zen downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Baird R W downgraded shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Finally, Royal Bank Of Canada raised shares of Leidos from a "hold" rating to a "moderate buy" rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $183.31.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 2,000 shares of Leidos stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.05, for a total transaction of $356,100.00. Following the sale, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 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 disclosure for this sale can be found here. Insiders have sold 22,975 shares of company stock valued at $4,078,740 over the last quarter. 0.69% of the stock is currently 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.