Chevy Chase Trust Holdings LLC Sells 602 Shares of Leidos Holdings, Inc. $LDOS

Chevy Chase Trust Holdings LLC cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 0.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 68,511 shares of the aerospace company’s stock after selling 602 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Leidos were worth $10,808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in Leidos by 7.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company’s stock worth $461,065,000 after buying an additional 251,245 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Leidos by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock worth $315,250,000 after buying an additional 536,452 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Leidos by 10.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company’s stock worth $253,262,000 after purchasing an additional 170,263 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Leidos by 3.0% during the 1st quarter. AQR Capital Management LLC now owns 1,183,157 shares of the aerospace company’s stock worth $159,342,000 after purchasing an additional 34,328 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Leidos by 130.3% during the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company’s stock worth $96,001,000 after purchasing an additional 402,454 shares during the last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Stock Down 0.0%

Shares of LDOS opened at $184.35 on Monday. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The firm has a market cap of $23.65 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. The firm’s 50-day simple moving average is $184.35 and its 200 day simple moving average is $163.88. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62.

Leidos (NYSE:LDOS) 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. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the prior year, the business earned $2.63 EPS. Leidos’s quarterly revenue was up 2.9% on a year-over-year basis. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.40 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Leidos’s dividend payout ratio is 15.12%.

Analysts Set New Price Targets

LDOS has been the topic of several recent analyst reports. UBS Group boosted their price objective on shares of Leidos from $168.00 to $184.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Jefferies Financial Group upgraded shares of Leidos from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $185.00 to $205.00 in a research note on Wednesday, August 6th. Argus boosted their price objective on shares of Leidos from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Citigroup restated a “buy” rating and set a $190.00 price objective (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Finally, Royal Bank Of Canada upgraded shares of Leidos from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Leidos currently has an average rating of “Moderate Buy” and a consensus price target of $188.31.

Insider Buying and Selling at Leidos

In other Leidos news, insider Stephen Edward Hull sold 12,497 shares of the business’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 owned 25,817 shares of the company’s stock, valued at $4,599,040.38. The trade was a 32.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gary Stephen May sold 2,000 shares of the business’s 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 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 disclosure for this sale can be found here. Insiders sold 22,975 shares of company stock valued at $4,078,740 in the last quarter. Company insiders own 0.69% of the company’s stock.

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.