OMERS ADMINISTRATION Corp Raises Holdings in Leidos Holdings, Inc. $LDOS

Key Points

• OMERS Administration Corp has increased its stake in Leidos Holdings, Inc. by 20.9%, owning a total of 17,453 shares valued at approximately $2.36 million.
• Leidos Holdings reported earnings of $3.21 per share for the most recent quarter, exceeding analyst expectations, with revenue totaling $4.25 billion.
• The company announced a quarterly dividend of $0.40 per share, with the annualized yield at 0.9%.

OMERS ADMINISTRATION Corp raised its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 20.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,453 shares of the aerospace company's stock after purchasing an additional 3,015 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Leidos were worth $2,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LDOS. REAP Financial Group LLC raised its stake in shares of Leidos by 422.2% in 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 last quarter. MCF Advisors LLC purchased a new stake in shares of Leidos in the first quarter worth approximately $27,000. Optimum Investment Advisors raised 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 worth $32,000 after purchasing an additional 169 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Leidos in the first quarter worth approximately $33,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Leidos in the first quarter worth approximately $54,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Performance

Shares of NYSE LDOS traded down $0.48 during mid-day trading on Monday, hitting $180.88. The company had a trading volume of 671,024 shares, compared to its average volume of 889,780. The company has a market capitalization 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 1 year low of $123.62 and a 1 year 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. The stock's 50-day moving average price is $168.22 and its 200-day moving average price is $151.43.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, topping 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 business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.24 billion. During the same period in the previous year, the business earned $2.63 earnings per share. The firm's revenue was up 2.9% on a year-over-year basis. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

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

Insider Transactions at Leidos

In other news, insider Stephen Edward Hull sold 7,526 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $176.39, for a total value of $1,327,511.14. Following the completion of the transaction, the insider owned 26,481 shares of the company's stock, valued at approximately $4,670,983.59. This represents a 22.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory R. Dahlberg sold 952 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $168,913.36. Following the transaction, the director directly owned 21,068 shares of the company's stock, valued at approximately $3,738,095.24. This trade represents a 4.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,478 shares of company stock valued at $1,852,525. Corporate insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LDOS. Royal Bank Of Canada increased their price objective on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. UBS Group increased 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. Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Wall Street Zen downgraded Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Robert W. Baird downgraded Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target for the company. in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.