Private Trust Co. NA Increases Position in Leidos Holdings, Inc. $LDOS

Private Trust Co. NA lifted its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 35.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 303 shares of the aerospace company’s stock after purchasing an additional 80 shares during the quarter. Private Trust Co. NA’s holdings in Leidos were worth $48,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LDOS. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Leidos in the 2nd quarter worth about $9,664,000. New York State Teachers Retirement System boosted its holdings in Leidos by 0.7% in the 2nd quarter. New York State Teachers Retirement System now owns 123,242 shares of the aerospace company’s stock worth $19,443,000 after buying an additional 907 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Leidos by 93.6% in the 2nd quarter. Ritholtz Wealth Management now owns 20,144 shares of the aerospace company’s stock worth $3,178,000 after buying an additional 9,739 shares during the last quarter. Sagespring Wealth Partners LLC boosted its holdings in Leidos by 25.0% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 2,023 shares of the aerospace company’s stock worth $319,000 after buying an additional 405 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Leidos by 30.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 56,885 shares of the aerospace company’s stock worth $8,974,000 after buying an additional 13,220 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

LDOS has been the topic of several research analyst reports. UBS Group lifted their price objective on Leidos from $168.00 to $184.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Truist Financial set a $195.00 price objective on Leidos in a report on Tuesday, September 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leidos in a report on Wednesday, October 8th. Finally, Citigroup restated a “buy” rating and set a $190.00 target price (up from $186.00) on shares of Leidos in a report on Monday, July 14th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.31.

Leidos Trading Up 1.7%

LDOS opened at $191.63 on Friday. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The stock has a market capitalization of $24.59 billion, a PE ratio of 18.11, a P/E/G ratio of 1.77 and a beta of 0.71. The business’s 50 day moving average price is $185.31 and its 200 day moving average price is $165.05. 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 released its quarterly earnings data 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 firm had revenue of $4.25 billion for 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 firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Leidos’s payout ratio is presently 15.12%.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.05, for a total value of $356,100.00. Following the sale, the director owned 10,137 shares of the company’s stock, valued at $1,804,892.85. The trade was a 16.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Edward Hull sold 12,497 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $4,599,040.38. The trade was a 32.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,975 shares of company stock valued at $4,078,740 over the last quarter. 0.96% of the stock is owned by company insiders.

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.