UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Trims Stock Holdings in Leidos Holdings, Inc. $LDOS

Key Points

• UBS Asset Management has reduced its holdings in Leidos Holdings, Inc. by 7.4%, now owning approximately 0.56% of the company, valued at around $96.4 million.
• Several institutional investors have increased their positions in Leidos, with notable increases from SG Americas Securities (up 263.7%) and Harbor Capital Advisors (up 2,940.8%) in the first quarter.
• Leidos announced a quarterly dividend of $0.40, set to be paid to shareholders on September 30th, 2023, reflecting an annualized yield of 0.9%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC decreased its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 7.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 714,427 shares of the aerospace company's stock after selling 56,872 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.56% of Leidos worth $96,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sowell Financial Services LLC purchased a new position in Leidos in the 1st quarter worth $267,000. MidWestOne Financial Group Inc. grew its position in Leidos by 47.8% during the 4th quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock worth $2,858,000 after purchasing an additional 6,418 shares during the period. SG Americas Securities LLC grew its position in Leidos by 263.7% during the 1st quarter. SG Americas Securities LLC now owns 13,706 shares of the aerospace company's stock worth $1,849,000 after purchasing an additional 9,938 shares during the period. Harbor Capital Advisors Inc. grew its position in Leidos by 2,940.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 2,159 shares of the aerospace company's stock worth $291,000 after purchasing an additional 2,088 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in Leidos by 16.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 49,679 shares of the aerospace company's stock worth $6,704,000 after purchasing an additional 7,186 shares during the period. Hedge funds and other institutional investors own 76.12% of the company's stock.

Wall Street Analyst Weigh In

LDOS has been the topic of a number of analyst reports. Citigroup restated a "buy" rating and set a $190.00 target price (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 raised their target price for the company from $185.00 to $205.00 in a research report on Wednesday, August 6th. Royal Bank Of Canada upgraded Leidos from a "hold" rating to a "moderate buy" rating in a research report on Thursday, September 4th. Robert W. Baird cut Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a research report on Tuesday, May 27th. Finally, Wall Street Zen cut Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $183.31.

Leidos Trading Down 0.6%

Shares of Leidos stock opened at $184.02 on Friday. 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 firm's 50-day moving average price is $172.09 and its 200 day moving average price is $154.42. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The firm has a market capitalization of $23.61 billion, a PE ratio of 17.39, a P/E/G ratio of 1.73 and a beta of 0.71.

Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.63 by $0.58. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same period last year, the company posted $2.63 EPS. The business'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 predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

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

Insiders Place Their Bets

In other news, Director Gregory R. Dahlberg sold 952 shares of Leidos stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $168,913.36. Following the sale, the director owned 21,068 shares of the company's stock, valued at approximately $3,738,095.24. The trade was a 4.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Stephen May sold 2,000 shares of Leidos 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 sale, the director directly 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 disclosure for this sale can be found here. Insiders have sold 22,975 shares of company stock valued at $4,078,740 in the last ninety days. 0.96% of the stock is currently owned by corporate insiders.

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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