BI Asset Management Fondsmaeglerselskab A S Reduces Position in Leidos Holdings, Inc. $LDOS

Key Points

• BI Asset Management Fondsmaeglerselskab A S has cut its stake in Leidos Holdings, Inc. by 50.3%, leaving it with 8,039 shares valued at approximately $1,085,000.
• Wall Street analysts have mixed opinions on Leidos, with target prices ranging from $150.00 to $200.00, and an overall average target price of $179.46.
• Leidos has declared a quarterly dividend of $0.40 per share, which will be paid to investors of record on September 15th, representing a 0.9% annualized yield.

BI Asset Management Fondsmaeglerselskab A S decreased its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 50.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,039 shares of the aerospace company's stock after selling 8,122 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Leidos were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of LDOS. Pacer Advisors Inc. boosted its holdings in Leidos by 3,450.0% in the 1st quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company's stock worth $95,012,000 after buying an additional 684,272 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of 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 acquiring an additional 536,452 shares during the period. Victory Capital Management Inc. grew its stake 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 worth $96,001,000 after purchasing an additional 402,454 shares in the last quarter. Nuveen LLC acquired a new position in Leidos in the first quarter valued at $45,665,000. Finally, Allianz Asset Management GmbH boosted its stake in Leidos by 262.9% in the first quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company's stock valued at $62,005,000 after acquiring an additional 332,882 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Stock Performance

NYSE LDOS traded down $0.1780 during midday trading on Monday, hitting $181.5620. The company had a trading volume of 477,024 shares, compared to its average volume of 926,807. The stock has a market cap of $23.29 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 2.07 and a beta of 0.65. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The firm has a fifty day simple moving average of $164.95 and a two-hundred day simple moving average of $149.82.

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

Leidos Announces Dividend

The company 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. The ex-dividend date is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Leidos's dividend payout ratio (DPR) is currently 15.12%.

Insider Buying and Selling at Leidos

In other news, Director Gregory R. Dahlberg sold 952 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $168,913.36. Following the transaction, the director directly owned 21,068 shares of the company's stock, valued at $3,738,095.24. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Edward Hull sold 7,526 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $176.39, for a total transaction of $1,327,511.14. Following the transaction, the insider directly owned 26,481 shares in the company, valued at approximately $4,670,983.59. This represents a 22.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,478 shares of company stock worth $1,852,525 over the last quarter. 0.69% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Baird R W lowered shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Jefferies Financial Group raised shares of Leidos from a "hold" rating to a "buy" rating and boosted their price objective for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Wells Fargo & Company boosted their price objective on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Leidos currently has an average rating of "Moderate Buy" and an average price target of $179.46.

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.