Leidos Holdings, Inc. $LDOS Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH reduced its stake in Leidos Holdings, Inc. by 38.4%, selling 176,434 shares during the second quarter and holding 283,067 shares valued at approximately $44.7 million.
• Leidos recently reported earnings of $3.21 per share, surpassing the consensus estimate by $0.58, along with a revenue of $4.25 billion, showing a year-over-year increase of 2.9%.
• The company's quarterly dividend of $0.40 was paid on September 30th, with an annualized dividend yield of 0.9% and a payout ratio of 15.12%.

Allianz Asset Management GmbH lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 38.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 283,067 shares of the aerospace company's stock after selling 176,434 shares during the quarter. Allianz Asset Management GmbH owned about 0.22% of Leidos worth $44,657,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. New York State Teachers Retirement System raised its stake in shares of Leidos by 0.7% in the 2nd quarter. New York State Teachers Retirement System now owns 123,242 shares of the aerospace company's stock valued at $19,443,000 after acquiring an additional 907 shares during the period. Ritholtz Wealth Management raised its stake in shares of Leidos by 93.6% in the 2nd quarter. Ritholtz Wealth Management now owns 20,144 shares of the aerospace company's stock valued at $3,178,000 after acquiring an additional 9,739 shares during the period. Sagespring Wealth Partners LLC raised its stake in shares of Leidos by 25.0% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 2,023 shares of the aerospace company's stock valued at $319,000 after acquiring an additional 405 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Leidos by 30.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 56,885 shares of the aerospace company's stock valued at $8,974,000 after acquiring an additional 13,220 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Leidos by 81.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,714 shares of the aerospace company's stock valued at $428,000 after acquiring an additional 1,218 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Stock Performance

Leidos stock opened at $184.35 on Friday. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90. The company has a market capitalization of $23.65 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. 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 firm's fifty day moving average price is $184.35 and its 200 day moving average price is $163.57.

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 the consensus estimate of $2.63 by $0.58. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The company's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Leidos's payout ratio is presently 15.12%.

Insider Transactions at Leidos

In other news, insider Stephen Edward Hull sold 12,497 shares of the business's stock in a transaction dated 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 completion of the sale, the insider owned 25,817 shares of the company's stock, valued at approximately $4,599,040.38. The trade was a 32.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory R. Dahlberg sold 952 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,975 shares of company stock valued at $4,078,740. Insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LDOS shares. Citigroup reissued a "buy" rating and issued a $190.00 target price (up previously from $186.00) on shares of Leidos in a research note on Monday, July 14th. Truist Financial set a $195.00 target price on shares of Leidos in a research note on Tuesday, September 30th. Royal Bank Of Canada raised shares of Leidos from a "hold" rating to a "moderate buy" rating in a research note on Thursday, September 4th. Jefferies Financial Group raised shares of Leidos from a "hold" rating to a "buy" rating and lifted their price target for the stock from $185.00 to $205.00 in a research note 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 note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $188.31.

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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