Intech Investment Management LLC Raises Stake in Leidos Holdings, Inc. $LDOS

Key Points

• Intech Investment Management LLC increased its stake in Leidos Holdings, Inc. by 14.2%, owning 150,192 shares valued at approximately $20.27 million as of the latest SEC filing.
• Analysts have issued mixed ratings for Leidos, with a consensus target price of $183.31, while some analysts downgraded the ratings from "strong-buy" to "hold."
• Leidos announced a quarterly dividend of $0.40 per share to be paid on September 30th, representing an annualized dividend yield of 0.9%.

Intech Investment Management LLC lifted its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 14.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,192 shares of the aerospace company's stock after acquiring an additional 18,702 shares during the period. Intech Investment Management LLC owned approximately 0.12% of Leidos worth $20,267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LDOS. Captrust Financial Advisors raised its position in Leidos by 80.5% in the fourth quarter. Captrust Financial Advisors now owns 9,930 shares of the aerospace company's stock valued at $1,430,000 after purchasing an additional 4,430 shares during the period. Ethic Inc. lifted its position in Leidos by 492.6% during the 4th quarter. Ethic Inc. now owns 9,968 shares of the aerospace company's stock worth $1,436,000 after acquiring an additional 8,286 shares in the last quarter. Graham Capital Management L.P. boosted its holdings in Leidos by 295.3% in the 4th quarter. Graham Capital Management L.P. now owns 7,871 shares of the aerospace company's stock worth $1,134,000 after acquiring an additional 5,880 shares during the period. Lazard Asset Management LLC grew its position in Leidos by 25,187.5% in the fourth quarter. Lazard Asset Management LLC now owns 6,069 shares of the aerospace company's stock valued at $874,000 after acquiring an additional 6,045 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Leidos by 25.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,209 shares of the aerospace company's stock valued at $32,732,000 after purchasing an additional 46,572 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LDOS shares. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Robert W. Baird cut Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price for the company. in a research note on Tuesday, May 27th. 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. Citigroup reiterated a "buy" rating and set a $190.00 price objective (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. Finally, UBS Group boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Leidos presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.31.

Leidos Price Performance

Shares of NYSE:LDOS opened at $178.83 on Wednesday. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. The stock's 50 day moving average price is $170.93 and its 200 day moving average price is $153.30. The stock has a market cap of $22.94 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.67 and a beta of 0.71.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.63 by $0.58. The firm had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. Leidos'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 research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.40 per share. 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 payout ratio is 15.12%.

Insider Activity

In related news, insider Stephen Edward Hull sold 12,497 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $178.14, for a total value of $2,226,215.58. Following the completion of the transaction, the insider owned 25,817 shares in the company, valued at $4,599,040.38. This trade represents a 32.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 2,000 shares of the business'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 sale, the director owned 10,137 shares in the company, valued at approximately $1,804,892.85. The trade was a 16.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,975 shares of company stock valued at $4,078,740 over the last three months. Insiders own 0.69% of the company's stock.

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.

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