Goldman Sachs Group Inc. Sells 16,331 Shares of Leidos Holdings, Inc. $LDOS

Goldman Sachs Group Inc. lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 1.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 934,519 shares of the aerospace company’s stock after selling 16,331 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.73% of Leidos worth $126,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. REAP Financial Group LLC grew its position in Leidos by 422.2% in the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 152 shares during the last quarter. MCF Advisors LLC bought a new position in Leidos in the 1st quarter valued at $27,000. Optimum Investment Advisors grew its position in Leidos by 260.0% in the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 169 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Leidos in the 1st quarter valued at $33,000. Finally, N.E.W. Advisory Services LLC bought a new position in Leidos in the 1st quarter valued at $54,000. Institutional investors own 76.12% of the company’s stock.

Leidos Trading Up 2.8%

Shares of NYSE LDOS opened at $185.37 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. The stock has a market capitalization of $23.78 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.71. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The business has a fifty day moving average price of $171.70 and a 200 day moving average price of $153.87.

Leidos (NYSE:LDOS) last issued 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. The firm had revenue of $4.25 billion during 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 business posted $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

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

Insider Buying and Selling

In related news, Director Gary Stephen May sold 2,000 shares of the company’s stock in a transaction on Monday, August 11th. The stock was 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 in the company, valued at $1,804,892.85. This represents a 16.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stephen Edward Hull sold 12,497 shares of the 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 approximately $4,599,040.38. This trade represents a 32.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,975 shares of company stock worth $4,078,740 in the last three months. 0.96% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. Robert W. Baird downgraded Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 price objective on the stock. in a research report on Tuesday, May 27th. Wall Street Zen downgraded Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Baird R W downgraded Leidos from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 27th. Royal Bank Of Canada raised Leidos from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 4th. Finally, Citigroup reissued a “buy” rating and set a $190.00 price target (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Leidos presently has an average rating of “Moderate Buy” and an average target price of $183.31.

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.