Sienna Gestion Sells 1,427 Shares of Leidos Holdings, Inc. $LDOS

Key Points

• Sienna Gestion reduced its stake in Leidos Holdings, Inc. by 6.1%, selling 1,427 shares to hold a total of 21,869 shares valued at $2,868,000.
• Insider Stephen Edward Hull sold 7,526 shares of Leidos stock for approximately $1.33 million, representing a 22.13% decrease in his ownership.
• Leidos recently announced a quarterly dividend of $0.40 per share, which reflects an annualized yield of 0.9% and a payout ratio of 15.12%.

Sienna Gestion cut its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 6.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,869 shares of the aerospace company's stock after selling 1,427 shares during the quarter. Sienna Gestion's holdings in Leidos were worth $2,868,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position 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 valued at $95,012,000 after acquiring an additional 684,272 shares during the period. Massachusetts Financial Services Co. MA lifted its position 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 valued at $315,250,000 after acquiring an additional 536,452 shares during the period. Victory Capital Management Inc. lifted its position 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 valued at $96,001,000 after acquiring an additional 402,454 shares during the period. Nuveen LLC bought a new stake in shares of Leidos during the 1st quarter valued at $45,665,000. Finally, Allianz Asset Management GmbH lifted its position 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 valued at $62,005,000 after acquiring an additional 332,882 shares during the period. 76.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on LDOS shares. Citigroup restated a "buy" rating and set a $190.00 price objective (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Jefferies Financial Group upgraded Leidos from a "hold" rating to a "buy" rating and upped their price objective for the stock from $185.00 to $205.00 in a research report on Wednesday, August 6th. Robert W. Baird downgraded Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective for the company. in a research report on Tuesday, May 27th. Baird R W cut Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Finally, UBS Group upped their target price on Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. 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 company's stock. Based on data from MarketBeat, Leidos has a consensus rating of "Moderate Buy" and a consensus target price of $179.46.

Insider Activity

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

Leidos Stock Up 0.1%

NYSE:LDOS traded up $0.18 on Tuesday, hitting $178.30. The stock had a trading volume of 286,145 shares, compared to its average volume of 1,368,839. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. The business's fifty day moving average is $161.64 and its 200 day moving average is $148.46. The company has a market cap of $22.88 billion, a PE ratio of 16.86, a P/E/G ratio of 2.03 and a beta of 0.65.

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

Leidos Dividend Announcement

The business 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 payout ratio is 15.12%.

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.