Groupama Asset Managment Increases Stake in Leidos Holdings, Inc. $LDOS

Key Points

• Groupama Asset Management significantly increased its stake in Leidos Holdings, Inc. by 166.8% during the first quarter, owning 22,874 shares valued at approximately $3.07 million.
• Leidos recently exceeded analysts' earnings expectations for the quarter with $3.21 EPS, while revenue reached $4.25 billion, marking a year-over-year growth of 2.9%.
• The company declared a quarterly dividend of $0.40 per share, with an annualized dividend of $1.60, reflecting a dividend yield of 0.9% and a payout ratio of 15.12%.

Groupama Asset Managment increased its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 166.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,874 shares of the aerospace company's stock after acquiring an additional 14,300 shares during the quarter. Groupama Asset Managment's holdings in Leidos were worth $3,066,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Leidos in the 4th quarter worth approximately $25,000. REAP Financial Group LLC increased its holdings in Leidos by 422.2% in the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after acquiring an additional 152 shares in the last quarter. MCF Advisors LLC purchased a new stake in Leidos in the 1st quarter worth approximately $27,000. Optimum Investment Advisors increased its holdings in Leidos by 260.0% in the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock worth $32,000 after acquiring an additional 169 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in Leidos in the 1st quarter worth approximately $33,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Price Performance

Shares of LDOS stock traded up $1.2630 on Friday, reaching $181.7030. The company's stock had a trading volume of 608,930 shares, compared to its average volume of 931,586. The stock's fifty day simple moving average is $164.28 and its 200-day simple moving average is $149.43. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $23.31 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65.

Leidos (NYSE:LDOS - Get Free Report) last posted its 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. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period last year, the firm posted $2.63 earnings per share. 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. Analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

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

Insider Activity at Leidos

In related news, Director Gregory R. Dahlberg sold 952 shares of the firm's stock in a transaction 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 directly owned 21,068 shares of the company's stock, valued at approximately $3,738,095.24. This trade represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Edward Hull sold 7,526 shares of the firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $176.39, for a total transaction of $1,327,511.14. Following the completion of the transaction, the insider directly owned 26,481 shares of the company's stock, valued at approximately $4,670,983.59. This trade represents a 22.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,478 shares of company stock valued at $1,852,525. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on LDOS. UBS Group increased their target price on shares of Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Baird R W lowered shares of Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Jefferies Financial Group raised shares of Leidos from a "hold" rating to a "buy" rating and increased their price objective for the company from $185.00 to $205.00 in a report on Wednesday, August 6th. Citigroup reaffirmed a "buy" rating and set a $190.00 price objective (up from $186.00) on shares of Leidos in a report on Monday, July 14th. Finally, Wells Fargo & Company increased 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Leidos presently has a consensus rating of "Moderate Buy" and a consensus target price of $179.46.

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.