1832 Asset Management L.P. Has $1.83 Million Holdings in Leidos Holdings, Inc. $LDOS

Key Points

• 1832 Asset Management L.P. reduced its stake in Leidos Holdings, Inc. by 26.8% during the first quarter, owning 13,585 shares valued at $1.83 million following the sale of nearly 5,000 shares.
• Leidos reported earnings of $3.21 per share for the latest quarter, beating estimates by $0.58 and demonstrating a 2.9% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.40 per share, with a 0.9% annual dividend yield expected to be paid out on September 30th.

1832 Asset Management L.P. decreased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 26.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 13,585 shares of the aerospace company's stock after selling 4,963 shares during the quarter. 1832 Asset Management L.P.'s holdings in Leidos were worth $1,833,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in shares of Leidos by 7.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company's stock worth $461,065,000 after purchasing an additional 251,245 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in 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 buying an additional 536,452 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Leidos by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company's stock valued at $253,262,000 after buying an additional 170,263 shares during the period. Northern Trust Corp raised its stake in shares of Leidos by 2.0% in the 4th quarter. Northern Trust Corp now owns 1,208,015 shares of the aerospace company's stock valued at $174,027,000 after buying an additional 23,153 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Leidos by 130.3% in the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company's stock valued at $96,001,000 after buying an additional 402,454 shares in the last quarter. Institutional investors own 76.12% of the company's stock.

Leidos Price Performance

Shares of NYSE:LDOS traded down $0.48 during midday trading on Friday, reaching $180.88. The company's stock had a trading volume of 671,024 shares, compared to its average volume of 1,335,030. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The company has a market capitalization of $23.21 billion, a P/E ratio of 17.10, a P/E/G ratio of 2.09 and a beta of 0.65. 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 business's fifty day simple moving average is $166.97 and its 200-day simple moving average is $150.54.

Leidos (NYSE:LDOS - Get Free Report) last announced 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 return on equity of 33.57% and a net margin of 8.22%.The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period last year, the company posted $2.63 earnings per share. The firm's quarterly revenue 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 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. Stockholders 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 dividend yield of 0.9%. Leidos's dividend payout ratio (DPR) is 15.12%.

Insider Activity

In other news, Director Gregory R. Dahlberg sold 952 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the transaction, the director owned 21,068 shares of the company's stock, valued at $3,738,095.24. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary Stephen May sold 2,000 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.05, for a total value of $356,100.00. Following the transaction, the director directly owned 10,137 shares in the company, valued at $1,804,892.85. This trade represents a 16.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,478 shares of company stock worth $1,852,525. 0.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. 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 research note on Thursday, May 8th. UBS Group increased their price objective on shares of Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Robert W. Baird cut shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective for the company. in a research note on Tuesday, May 27th. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Jefferies Financial Group upgraded 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 research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Leidos currently has an average 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.