Richardson Financial Services Inc. Acquires New Shares in Leidos Holdings, Inc. $LDOS

Richardson Financial Services Inc. acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 306 shares of the aerospace company’s stock, valued at approximately $49,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Aberdeen Group plc lifted its holdings in Leidos by 2.2% in the second quarter. Aberdeen Group plc now owns 128,630 shares of the aerospace company’s stock valued at $20,293,000 after acquiring an additional 2,760 shares during the last quarter. Callan Family Office LLC raised its position in Leidos by 106.1% in the second quarter. Callan Family Office LLC now owns 3,946 shares of the aerospace company’s stock valued at $623,000 after purchasing an additional 2,031 shares during the period. Allegiance Financial Group Advisory Services LLC raised its position in Leidos by 251.9% in the second quarter. Allegiance Financial Group Advisory Services LLC now owns 6,155 shares of the aerospace company’s stock valued at $971,000 after purchasing an additional 4,406 shares during the period. REAP Financial Group LLC raised its position in Leidos by 50.0% in the second 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 during the period. Finally, Shell Asset Management Co. raised its position in Leidos by 30.5% in the second quarter. Shell Asset Management Co. now owns 22,945 shares of the aerospace company’s stock valued at $3,620,000 after purchasing an additional 5,357 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LDOS has been the topic of a number of research analyst reports. Jefferies Financial Group raised Leidos from a “hold” rating to a “buy” rating and boosted their target price for the company from $185.00 to $205.00 in a research report on Wednesday, August 6th. Royal Bank Of Canada raised Leidos from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Leidos in a research report on Wednesday. UBS Group boosted their target price on Leidos from $168.00 to $184.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Finally, Wall Street Zen lowered Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Leidos has an average rating of “Moderate Buy” and an average target price of $188.31.

Leidos Stock Down 3.2%

Leidos stock opened at $187.89 on Friday. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The stock’s fifty day simple moving average is $182.98 and its 200-day simple moving average is $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 capitalization of $24.11 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.76 and a beta of 0.71.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, topping 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 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 company earned $2.63 earnings per share. The company’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, equities analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

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

Insider Activity at Leidos

In related news, Director Gregory R. Dahlberg sold 952 shares of the stock in a transaction 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 of the company’s stock, valued at $3,738,095.24. This represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of the stock in a transaction 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 in the company, valued at $1,804,892.85. This trade represents a 16.48% 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. 0.96% of the stock is owned by 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.