TD Asset Management Inc Sells 23,017 Shares of Leidos Holdings, Inc. $LDOS

Key Points

• TD Asset Management Inc reduced its stake in Leidos Holdings, Inc. by 14.6%, selling 23,017 shares and retaining approximately 134,650 shares valued at $21.24 million.
• Insider Stephen Edward Hull sold 12,497 shares at an average price of $178.14, representing a 32.62% decrease in his ownership of the stock.
• Leidos Holdings recently reported earnings of $3.21 per share, exceeding analysts' expectations, and announced a quarterly dividend of $0.40 per share.

TD Asset Management Inc cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 14.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 134,650 shares of the aerospace company's stock after selling 23,017 shares during the quarter. TD Asset Management Inc owned approximately 0.10% of Leidos worth $21,242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LDOS. Envestnet Portfolio Solutions Inc. lifted its holdings in Leidos by 30.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 56,885 shares of the aerospace company's stock valued at $8,974,000 after purchasing an additional 13,220 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Leidos by 81.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,714 shares of the aerospace company's stock valued at $428,000 after buying an additional 1,218 shares in the last quarter. Vest Financial LLC boosted its holdings in Leidos by 19.5% in the 2nd quarter. Vest Financial LLC now owns 8,806 shares of the aerospace company's stock worth $1,389,000 after buying an additional 1,438 shares during the period. Pzena Investment Management LLC increased its stake in Leidos by 5.4% in the 2nd quarter. Pzena Investment Management LLC now owns 244,302 shares of the aerospace company's stock worth $38,541,000 after buying an additional 12,599 shares in the last quarter. Finally, CWM LLC raised its holdings in Leidos by 86.1% during the second quarter. CWM LLC now owns 11,928 shares of the aerospace company's stock valued at $1,882,000 after acquiring an additional 5,517 shares during the period. Institutional investors own 76.12% of the company's stock.

Insider Transactions at Leidos

In other Leidos news, insider Stephen Edward Hull sold 12,497 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $178.14, for a total transaction of $2,226,215.58. Following the sale, the insider directly owned 25,817 shares of the company's stock, valued at $4,599,040.38. The trade was a 32.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 completion of the sale, the director directly owned 21,068 shares of the company's stock, valued at $3,738,095.24. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,975 shares of company stock worth $4,078,740 in the last three months. Insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LDOS shares. Argus upped their price objective on Leidos from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. UBS Group upped their price target on Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Truist Financial set a $195.00 target price on shares of Leidos in a report on Tuesday, September 30th. Finally, Jefferies Financial Group upgraded shares of Leidos from a "hold" rating to a "buy" rating and lifted their price target for the company from $185.00 to $205.00 in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Leidos currently has an average rating of "Moderate Buy" and an average target price of $188.31.

Leidos Price Performance

Shares of Leidos stock opened at $184.35 on Friday. The firm has a market cap of $23.65 billion, a PE ratio of 17.42, a PEG ratio of 1.73 and a beta of 0.71. The stock has a 50 day moving average of $184.35 and a 200 day moving average of $163.57. 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 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 released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.58. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.24 billion. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The company's revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

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

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.

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