Strs Ohio Sells 10,369 Shares of Leidos Holdings, Inc. $LDOS

Strs Ohio trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 77.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,049 shares of the aerospace company’s stock after selling 10,369 shares during the quarter. Strs Ohio’s holdings in Leidos were worth $576,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LDOS. Mather Group LLC. bought a new stake in Leidos during the 3rd quarter valued at $28,000. True Wealth Design LLC boosted its position in Leidos by 471.4% during the second quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 165 shares in the last quarter. Mountain Hill Investment Partners Corp. grew its stake in Leidos by 66.2% in the second quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 86 shares during the last quarter. REAP Financial Group LLC raised its holdings in Leidos by 50.0% in the second quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 76 shares in the last quarter. Finally, First Horizon Corp bought a new position in Leidos in the third quarter worth about $39,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Stock Performance

Shares of LDOS opened at $188.05 on Friday. The stock has a 50-day moving average of $188.94 and a two-hundred day moving average of $184.56. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.50 and a current ratio of 1.62. The stock has a market cap of $24.04 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.30 and a beta of 0.58. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $205.77.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.61 by $0.44. The business had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Leidos had a net margin of 8.11% and a return on equity of 33.02%. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. As a group, research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Insider Activity

In other news, insider Elizabeth A. Porter sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total value of $576,630.00. Following the sale, the insider owned 38,575 shares in the company, valued at $7,414,500.75. This represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LDOS has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Research lowered shares of Leidos from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Cantor Fitzgerald increased their price objective on Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Stifel Nicolaus reissued a “hold” rating and issued a $220.00 price objective on shares of Leidos in a research report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Leidos in a research report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Leidos presently has an average rating of “Moderate Buy” and a consensus target price of $213.09.

About Leidos

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.