Leidos Holdings, Inc. $LDOS Shares Sold by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Leidos Holdings, Inc. by 15.3%, selling 13,800 shares during the first quarter.
• Leidos reported $3.21 EPS, exceeding consensus estimates by $0.58, with quarterly revenue of $4.25 billion.
• The company announced a quarterly dividend of $0.40, representing a 0.9% yield, to be paid to investors of record on September 15th.

Canada Pension Plan Investment Board lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 15.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,237 shares of the aerospace company's stock after selling 13,800 shares during the quarter. Canada Pension Plan Investment Board owned about 0.06% of Leidos worth $10,287,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LDOS. Pacer Advisors Inc. lifted its position in Leidos by 3,450.0% in the first 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 lifted 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 purchasing an additional 536,452 shares in the last quarter. Victory Capital Management Inc. lifted its position 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 stake in shares of Leidos during the first quarter worth about $45,665,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Leidos by 262.9% during the first quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company's stock worth $62,005,000 after purchasing an additional 332,882 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LDOS. Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Citigroup reissued a "buy" rating and set a $190.00 price target (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. UBS Group increased their price target 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. Jefferies Financial Group raised shares of Leidos from a "hold" rating to a "buy" rating and increased their price target for the stock from $185.00 to $205.00 in a research report on Wednesday, August 6th. Finally, Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $183.31.

Insider Buying and Selling at Leidos

In other Leidos news, insider Stephen Edward Hull sold 12,497 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $178.14, for a total value of $2,226,215.58. Following the transaction, the insider directly owned 25,817 shares in the company, valued at $4,599,040.38. This represents a 32.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of the 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 transaction, the director owned 10,137 shares in the company, valued at $1,804,892.85. This represents a 16.48% 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 over the last three months. Insiders own 0.96% of the company's stock.

Leidos Stock Up 0.1%

Shares of LDOS stock traded up $0.13 during trading hours on Friday, reaching $178.71. 697,505 shares of the stock were exchanged, compared to its average volume of 683,352. The business's fifty day moving average is $170.17 and its two-hundred day moving average is $152.60. 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 Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90. The firm has a market capitalization of $22.93 billion, a P/E ratio of 16.89, a P/E/G ratio of 2.04 and a beta of 0.71.

Leidos (NYSE:LDOS - Get Free Report) last released its 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 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 business's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

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 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, September 15th. Leidos's dividend payout ratio is currently 15.12%.

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.