Leidos Holdings, Inc. $LDOS Shares Bought by Ethic Inc.

Key Points

• Ethic Inc. increased its holdings in Leidos Holdings, Inc. by 24.7% in the first quarter, owning 12,426 shares valued at approximately $1.68 million at the end of the period.
• Insider Stephen Edward Hull sold 7,526 shares for over $1.32 million, resulting in a 22.13% decrease in his position, while 76.12% of Leidos' stock is held by institutional investors.
• Leidos recently announced a quarterly dividend of $0.40 per share with an annual yield of 0.9%, alongside reporting strong earnings per share of $3.21, surpassing analysts' expectations.

Ethic Inc. boosted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 24.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,426 shares of the aerospace company's stock after buying an additional 2,458 shares during the quarter. Ethic Inc.'s holdings in Leidos were worth $1,677,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of LDOS. Pacer Advisors Inc. grew its stake in Leidos by 3,450.0% in the first quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company's stock worth $95,012,000 after purchasing an additional 684,272 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Leidos by 29.8% in the 1st 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. boosted its holdings in Leidos by 130.3% in the first quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company's stock worth $96,001,000 after acquiring an additional 402,454 shares in the last quarter. Nuveen LLC purchased a new stake in Leidos during the 1st quarter worth approximately $45,665,000. Finally, Allianz Asset Management GmbH increased its position in shares of Leidos by 262.9% in the 1st 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 during the period. Institutional investors own 76.12% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LDOS. Baird R W downgraded shares of Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Robert W. Baird cut shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective on the stock. in a research note on Tuesday, May 27th. Wells Fargo & Company lifted their price objective on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Royal Bank Of Canada increased their target price on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen cut Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $179.46.

Leidos Trading Up 0.7%

NYSE LDOS traded up $1.2630 during trading on Friday, hitting $181.7030. The stock had a trading volume of 608,930 shares, compared to its average volume of 1,358,198. 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 company has a market capitalization of $23.31 billion, a PE ratio of 17.17, a PEG ratio of 2.06 and a beta of 0.65. The firm has a 50 day moving average price of $163.63 and a 200 day moving average price of $149.16. 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 (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter last year, the company earned $2.63 EPS. Leidos's revenue for the quarter was up 2.9% compared to the same quarter last year. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The business also recently disclosed 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%.

Insider Activity

In related news, Director Gary Stephen May sold 2,000 shares of the company's stock in a transaction dated 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 sale, the director directly owned 10,137 shares of the company's stock, valued at $1,804,892.85. This represents a 16.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory R. Dahlberg sold 952 shares of the 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 of the company's stock, valued at $3,738,095.24. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,478 shares of company stock valued at $1,852,525. Insiders own 0.96% of the company's stock.

Leidos Company 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.