Richardson Financial Services Inc. Takes $49,000 Position in Leidos Holdings, Inc. $LDOS

Richardson Financial Services Inc. acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOSFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 306 shares of the aerospace company’s stock, valued at approximately $49,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. REAP Financial Group LLC increased its stake in shares of Leidos by 50.0% in the 2nd quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 76 shares in the last quarter. Groupe la Francaise increased its stake in shares of Leidos by 6.2% in the 1st quarter. Groupe la Francaise now owns 1,566 shares of the aerospace company’s stock valued at $212,000 after purchasing an additional 91 shares in the last quarter. Resolute Wealth Strategies LLC increased its stake in shares of Leidos by 1.9% in the 1st quarter. Resolute Wealth Strategies LLC now owns 5,134 shares of the aerospace company’s stock valued at $693,000 after purchasing an additional 97 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of Leidos by 0.7% in the 1st quarter. EP Wealth Advisors LLC now owns 14,078 shares of the aerospace company’s stock valued at $1,900,000 after purchasing an additional 104 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of Leidos by 9.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,273 shares of the aerospace company’s stock valued at $172,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Transactions at Leidos

In other news, insider Stephen Edward Hull sold 12,497 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $178.14, for a total transaction of $2,226,215.58. Following the transaction, the insider directly owned 25,817 shares in the company, valued at $4,599,040.38. The trade was a 32.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory R. Dahlberg sold 952 shares of the business’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 transaction, the director owned 21,068 shares in the company, valued at approximately $3,738,095.24. This represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,975 shares of company stock worth $4,078,740 in the last ninety days. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LDOS. Citigroup restated a “buy” rating and issued a $190.00 price target (up previously from $186.00) on shares of Leidos in a research note on Monday, July 14th. Wall Street Zen lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. UBS Group boosted their price objective on Leidos from $168.00 to $184.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Argus boosted their price objective on Leidos from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Finally, Jefferies Financial Group upgraded 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. 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 company’s stock. Based on data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and a consensus target price of $188.31.

View Our Latest Analysis on Leidos

Leidos Price Performance

NYSE:LDOS opened at $187.89 on Friday. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The stock has a 50 day moving average of $182.98 and a two-hundred day moving average of $162.00. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. The firm has a market cap of $24.11 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71.

Leidos (NYSE:LDOSGet Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.58. The business 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 business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

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

Leidos Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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