BNP Paribas Financial Markets Has $37.80 Million Stock Position in Leidos Holdings, Inc. $LDOS

Key Points

• BNP Paribas Financial Markets increased its stake in Leidos Holdings, acquiring an additional 2,037 shares, bringing its total to 280,152 shares valued at approximately $37.8 million.
• Leidos reported strong quarterly earnings of $3.21 per share, exceeding consensus estimates of $2.63, with revenues of $4.25 billion, marking a 2.9% increase year-over-year.
• The company recently announced a quarterly dividend of $0.40 per share, which will be distributed on September 30th, yielding 0.9% annually.

BNP Paribas Financial Markets lifted its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 280,152 shares of the aerospace company's stock after purchasing an additional 2,037 shares during the period. BNP Paribas Financial Markets owned about 0.22% of Leidos worth $37,804,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Parallel Advisors LLC grew its stake in shares of Leidos by 9.1% in the 1st quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company's stock worth $131,000 after purchasing an additional 81 shares during the last quarter. Groupe la Francaise raised its holdings in shares of Leidos by 6.2% during the first quarter. Groupe la Francaise now owns 1,566 shares of the aerospace company's stock valued at $212,000 after acquiring an additional 91 shares during the period. Resolute Wealth Strategies LLC raised its holdings in shares of Leidos by 1.9% during the first quarter. Resolute Wealth Strategies LLC now owns 5,134 shares of the aerospace company's stock valued at $693,000 after acquiring an additional 97 shares during the period. Global Financial Private Client LLC raised its holdings in shares of Leidos by 1.4% during the first quarter. Global Financial Private Client LLC now owns 7,085 shares of the aerospace company's stock valued at $956,000 after acquiring an additional 100 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Leidos by 9.2% during the first quarter. Exchange Traded Concepts LLC now owns 1,273 shares of the aerospace company's stock valued at $172,000 after acquiring an additional 107 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Stock Up 0.3%

LDOS traded up $0.58 on Thursday, reaching $178.29. 1,065,081 shares of the company traded hands, compared to its average volume of 1,324,742. The stock's 50 day moving average price is $169.26 and its 200-day moving average price is $151.81. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The company has a market cap of $22.87 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 2.07 and a beta of 0.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50.

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

Leidos Announces Dividend

The firm also recently announced 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 payout ratio is 15.12%.

Wall Street Analyst Weigh In

LDOS has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Wells Fargo & Company boosted their price target on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the company a "buy" rating in a report on Tuesday, June 24th. Jefferies Financial Group upgraded shares of Leidos from a "hold" rating to a "buy" rating and boosted their price target for the company from $185.00 to $205.00 in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada set a $210.00 price target on shares of Leidos and gave the company an "outperform" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.31.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 952 shares of Leidos 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 sale, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Stephen May sold 2,000 shares of Leidos stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the completion of the sale, the director owned 10,137 shares of the company's stock, valued at $1,804,892.85. This trade represents a 16.48% 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 over the last ninety days. 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.