MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Holdings in Leidos Holdings, Inc. $LDOS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Leidos Holdings, Inc. by 60.8%, acquiring an additional 138,122 shares and now holds 365,331 shares valued at approximately $49.3 million.
• Leidos reported earnings per share of $3.21 for the last quarter, surpassing analysts’ estimates of $2.63, and had revenue of $4.25 billion, slightly above consensus estimates.
• The company declared a quarterly dividend of $0.40 per share, with an upcoming payment date of September 30th, which translates to an annual yield of 0.9%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 60.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 365,331 shares of the aerospace company's stock after purchasing an additional 138,122 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.28% of Leidos worth $49,298,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. REAP Financial Group LLC increased its stake in shares of Leidos by 422.2% during the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after acquiring an additional 152 shares during the last quarter. MCF Advisors LLC purchased a new position in Leidos in the first quarter valued at approximately $27,000. Optimum Investment Advisors grew its stake in shares of Leidos by 260.0% in the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock valued at $32,000 after buying an additional 169 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Leidos in the first quarter worth about $33,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Leidos during the first quarter worth approximately $54,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Price Performance

Shares of Leidos stock traded up $2.99 during trading hours on Thursday, hitting $183.36. The company's stock had a trading volume of 248,747 shares, compared to its average volume of 1,302,861. The company has a market cap of $23.53 billion, a PE ratio of 17.33, a PEG ratio of 1.68 and a beta of 0.71. The business has a 50 day moving average price of $171.29 and a two-hundred day moving average price of $153.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.24 billion. During the same period in the prior year, the company earned $2.63 EPS. The business's 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. Analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. Leidos's dividend payout ratio is 15.12%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LDOS. UBS Group upped their price target on Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Robert W. Baird lowered shares of 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 target price on shares of Leidos and gave the company a "buy" rating in a research note on Tuesday, June 24th. Jefferies Financial Group raised shares of Leidos from a "hold" rating to a "buy" rating and raised their target price for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Finally, Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $183.31.

Insider Buying and Selling

In related news, insider Stephen Edward Hull sold 12,497 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $4,599,040.38. This represents a 32.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of Leidos 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 owned 10,137 shares in the company, valued at approximately $1,804,892.85. The trade was a 16.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,975 shares of company stock valued at $4,078,740 over the last quarter. 0.96% of the stock is currently owned by company insiders.

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.