Acadian Asset Management LLC Has $4.26 Million Stock Holdings in Leidos Holdings, Inc. $LDOS

Key Points

• Acadian Asset Management LLC significantly reduced its holdings in Leidos Holdings, Inc. by 94.8%, dropping from 610,455 shares to just 31,575 shares, which are now valued at approximately $4.26 million.
• Leidos recently announced a quarterly dividend of $0.40 per share, with the dividend yield standing at 0.9% at an annualized rate of $1.60
• In its latest quarterly earnings report, Leidos exceeded analysts' expectations with $3.21 earnings per share and $4.25 billion in revenue, marking a 2.9% increase compared to the previous year.

Acadian Asset Management LLC lowered its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 94.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,575 shares of the aerospace company's stock after selling 578,880 shares during the quarter. Acadian Asset Management LLC's holdings in Leidos were worth $4,258,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. REAP Financial Group LLC raised its position in shares of Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after purchasing an additional 152 shares during the period. MCF Advisors LLC acquired a new stake in shares of Leidos during the first quarter worth about $27,000. Optimum Investment Advisors raised its position in shares of Leidos by 260.0% during the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock worth $32,000 after purchasing an additional 169 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Leidos during the first quarter worth about $33,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Leidos during the first quarter worth about $54,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Stock Down 0.6%

LDOS stock opened at $184.02 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average price of $172.09 and a two-hundred day moving average price of $154.59. The company has a market cap of $23.61 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.72 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.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.58. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.24 billion. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The business's revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, September 15th. Leidos's dividend payout ratio (DPR) is currently 15.12%.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,000 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. 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 firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $168,913.36. Following the completion of the transaction, the director owned 21,068 shares of the company's stock, valued at approximately $3,738,095.24. This represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,975 shares of company stock worth $4,078,740 over the last ninety days. 0.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LDOS has been the topic of a number of research analyst reports. Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target on the stock. in a research report on Tuesday, May 27th. Jefferies Financial Group raised Leidos from a "hold" rating to a "buy" rating and raised their price target for the stock from $185.00 to $205.00 in a research report on Wednesday, August 6th. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Royal Bank Of Canada upgraded Leidos from a "hold" rating to a "moderate buy" rating in a report on Thursday, September 4th. Finally, Stifel Nicolaus set a $178.00 price objective on Leidos and gave the stock a "buy" rating in a report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Leidos currently has a consensus rating of "Moderate Buy" and an average target price of $183.31.

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.

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