Nomura Holdings Inc. Trims Stock Holdings in Leidos Holdings, Inc. $LDOS

Key Points

• Nomura Holdings Inc. has significantly reduced its stake in Leidos Holdings, Inc. by 88.2%, selling 31,003 shares and now holding just 4,150 shares valued at $560,000.
• Several institutional investors have increased their holdings in Leidos, with Vident Advisory LLC boosting its stake by 138.2%, now owning 217,459 shares worth $29.34 million.
• Leidos recently declared a quarterly dividend of $0.40 per share, with an annualized dividend of $1.60 and a payout ratio of 15.12%.

Nomura Holdings Inc. trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 88.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,150 shares of the aerospace company's stock after selling 31,003 shares during the quarter. Nomura Holdings Inc.'s holdings in Leidos were worth $560,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. REAP Financial Group LLC lifted its holdings in shares of Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after purchasing an additional 152 shares during the period. MCF Advisors LLC bought a new position in Leidos during the 1st quarter worth $27,000. Optimum Investment Advisors lifted its holdings in Leidos by 260.0% during the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock worth $32,000 after buying an additional 169 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Leidos in the 1st quarter valued at about $33,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Leidos in the first quarter valued at about $54,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Up 0.1%

LDOS traded up $0.13 during midday trading on Friday, hitting $178.71. The company had a trading volume of 697,505 shares, compared to its average volume of 683,352. The stock's 50 day moving average price is $170.17 and its 200 day moving average price is $152.76. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 2.04 and a beta of 0.71. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06.

Leidos (NYSE:LDOS - Get Free Report) last issued its 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. 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 the consensus estimate of $4.24 billion. During the same period last year, the business posted $2.63 EPS. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LDOS. Stifel Nicolaus set a $178.00 price objective on Leidos and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Jefferies Financial Group upgraded shares of Leidos from a "hold" rating to a "buy" rating and boosted their price target for the stock from $185.00 to $205.00 in a research report on Wednesday, August 6th. UBS Group increased their price objective 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. Wall Street Zen downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Royal Bank Of Canada raised shares of Leidos from a "hold" rating to a "moderate buy" rating in a research report on Thursday. One research 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $183.31.

Insider Buying and Selling

In other Leidos news, 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 transaction of $356,100.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Edward Hull sold 12,497 shares of the company's 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 sale, the insider owned 25,817 shares of the company's stock, valued at $4,599,040.38. This trade represents a 32.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,975 shares of company stock worth $4,078,740 in the last quarter. Insiders own 0.96% of the company's stock.

Leidos 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.