Leidos Holdings, Inc. $LDOS Stock Position Decreased by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 38.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 283,067 shares of the aerospace company’s stock after selling 176,434 shares during the period. Allianz Asset Management GmbH’s holdings in Leidos were worth $44,657,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LDOS. Pacer Advisors Inc. grew its position in shares of Leidos by 3,450.0% during the 1st quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company’s stock valued at $95,012,000 after buying an additional 684,272 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Leidos by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock valued at $315,250,000 after buying an additional 536,452 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Leidos by 130.3% during the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company’s stock valued at $96,001,000 after buying an additional 402,454 shares during the last quarter. Nuveen LLC bought a new stake in shares of Leidos during the 1st quarter valued at about $45,665,000. Finally, JPMorgan Chase & Co. boosted its stake in Leidos by 7.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company’s stock valued at $461,065,000 after purchasing an additional 251,245 shares during the period. Institutional investors own 76.12% of the company’s stock.

Leidos Trading Down 0.0%

Shares of NYSE:LDOS opened at $184.35 on Friday. The company has a 50 day moving average of $184.35 and a 200-day moving average of $163.57. The firm has a market cap of $23.65 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.73 and a beta of 0.71. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06.

Leidos (NYSE:LDOS) last issued its quarterly earnings results 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 company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. 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. As a group, analysts anticipate 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, September 15th. Leidos’s payout ratio is presently 15.12%.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 10,137 shares in the company, valued at $1,804,892.85. The trade was a 16.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $168,913.36. Following the completion of the sale, the director owned 21,068 shares in the company, valued at $3,738,095.24. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,975 shares of company stock worth $4,078,740 in the last ninety days. 0.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on LDOS. Stifel Nicolaus set a $178.00 target price on shares of Leidos and gave the stock a “buy” rating in a research report on Tuesday, June 24th. UBS Group upped their target price on shares of Leidos from $168.00 to $184.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Royal Bank Of Canada upgraded shares of Leidos from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 4th. Truist Financial set a $195.00 target price on shares of Leidos in a research report on Tuesday, September 30th. Finally, Citigroup restated a “buy” rating and issued a $190.00 target price (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $188.31.

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.