Tredje AP fonden Raises Stock Holdings in Leidos Holdings, Inc. $LDOS

Tredje AP fonden boosted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 36.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,852 shares of the aerospace company’s stock after purchasing an additional 3,683 shares during the quarter. Tredje AP fonden’s holdings in Leidos were worth $2,185,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in Leidos by 7.9% during the first quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company’s stock worth $461,065,000 after purchasing an additional 251,245 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Leidos by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock worth $315,250,000 after purchasing an additional 536,452 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Leidos by 10.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company’s stock worth $253,262,000 after purchasing an additional 170,263 shares in the last quarter. AQR Capital Management LLC boosted its position in Leidos by 3.0% during the first quarter. AQR Capital Management LLC now owns 1,183,157 shares of the aerospace company’s stock worth $159,342,000 after purchasing an additional 34,328 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Leidos by 130.3% during the first quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company’s stock valued at $96,001,000 after acquiring an additional 402,454 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Price Performance

NYSE:LDOS opened at $190.54 on Monday. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. The stock has a market cap of $24.45 billion, a PE ratio of 18.01, a P/E/G ratio of 1.79 and a beta of 0.69. The stock has a 50 day moving average price of $186.51 and a 200 day moving average price of $167.72.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter last year, the firm earned $2.63 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.43 dividend. This is a boost from Leidos’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, December 15th. Leidos’s payout ratio is 15.12%.

Analysts Set New Price Targets

A number of equities analysts have commented on LDOS shares. Jefferies Financial Group raised Leidos from a “hold” rating to a “buy” rating and increased their target price for the company from $185.00 to $205.00 in a report on Wednesday, August 6th. Cantor Fitzgerald increased their target price on Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a report on Friday. Weiss Ratings reissued a “buy (b-)” rating on shares of Leidos in a report on Wednesday, October 8th. Truist Financial set a $195.00 target price on Leidos in a report on Tuesday, September 30th. Finally, Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $191.38.

Insider Activity at Leidos

In related news, insider Stephen Edward Hull sold 12,497 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Stephen May sold 2,000 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was 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 of the company’s stock, valued at approximately $1,804,892.85. This trade represents a 16.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 22,975 shares of company stock valued at $4,078,740. 0.69% of the stock is currently owned by insiders.

Leidos 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.