Mubadala Investment Co PJSC Increases Position in Leidos Holdings, Inc. $LDOS

Key Points

• Mubadala Investment Co PJSC increased its stake in Leidos Holdings, Inc. by 23.2% in the first quarter, now holding 25,558 shares valued at approximately $3.45 million, making Leidos its 28th largest investment.
• During the same period, other institutional investors also significantly increased their stakes in Leidos, with Pacer Advisors increasing theirs by 3,450% and Massachusetts Financial Services boosting theirs by 29.8%.
• Leidos announced a quarterly dividend of $0.40 per share, with a total annualized dividend of $1.60, reflecting a dividend yield of 0.9%.

Mubadala Investment Co PJSC lifted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 23.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,558 shares of the aerospace company's stock after buying an additional 4,816 shares during the period. Leidos comprises 0.0% of Mubadala Investment Co PJSC's investment portfolio, making the stock its 28th biggest holding. Mubadala Investment Co PJSC's holdings in Leidos were worth $3,449,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LDOS. Pacer Advisors Inc. raised its stake in shares of Leidos by 3,450.0% during the 1st quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company's stock worth $95,012,000 after buying an additional 684,272 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Leidos by 29.8% during the 1st 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. Victory Capital Management Inc. raised its stake in shares of Leidos by 130.3% during the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company's stock worth $96,001,000 after buying an additional 402,454 shares in the last quarter. Nuveen LLC purchased a new position in shares of Leidos during the 1st quarter worth approximately $45,665,000. Finally, Allianz Asset Management GmbH raised its stake in shares of Leidos by 262.9% during the 1st quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company's stock worth $62,005,000 after buying an additional 332,882 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Price Performance

Shares of LDOS stock traded down $0.48 during trading hours on Monday, hitting $180.88. The company's stock had a trading volume of 671,024 shares, compared to its average volume of 889,780. The business has a fifty day moving average of $168.22 and a 200-day moving average of $151.43. The stock has a market cap of $23.21 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 2.07 and a beta of 0.71. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month 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.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.63 by $0.58. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.40 dividend. 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 currently 15.12%.

Wall Street Analyst Weigh In

LDOS has been the topic of several recent analyst reports. Baird R W lowered shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Wall Street Zen lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Royal Bank Of Canada upped their target price on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company upped their target price on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, UBS Group upped 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 investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Leidos presently has an average rating of "Moderate Buy" and a consensus price target of $179.46.

Insider Activity

In other news, insider Stephen Edward Hull sold 7,526 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $176.39, for a total value of $1,327,511.14. Following the sale, the insider directly owned 26,481 shares in the company, valued at $4,670,983.59. This represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Stephen May sold 2,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the transaction, the director directly owned 10,137 shares in the company, valued at $1,804,892.85. The trade was a 16.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,478 shares of company stock worth $1,852,525 over the last ninety days. 0.69% of the stock is currently owned by 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.