Voya Investment Management LLC Sells 233,659 Shares of Leidos Holdings, Inc. $LDOS

Key Points

• Voya Investment Management LLC significantly reduced its holdings in Leidos Holdings, Inc. by 78.0% during the first quarter, now owning approximately 65,958 shares valued at $8.9 million.
• Several institutional investors increased their positions in Leidos, with 76.12% of the stock currently owned by institutional investors and hedge funds.
• Leidos recently announced a quarterly dividend of $0.40 per share, reflective of a 0.9% dividend yield and a payout ratio of 15.12%.

Voya Investment Management LLC lessened its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 78.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,958 shares of the aerospace company's stock after selling 233,659 shares during the quarter. Voya Investment Management LLC owned approximately 0.05% of Leidos worth $8,900,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new position in Leidos during the 1st quarter valued at approximately $267,000. MidWestOne Financial Group Inc. increased its holdings in shares of Leidos by 47.8% in the fourth 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 last quarter. SG Americas Securities LLC grew its stake in shares of Leidos by 263.7% during the first quarter. SG Americas Securities LLC now owns 13,706 shares of the aerospace company's stock valued at $1,849,000 after buying an additional 9,938 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Leidos by 2,940.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 2,159 shares of the aerospace company's stock worth $291,000 after buying an additional 2,088 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Leidos by 16.9% in 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 in the last quarter. Institutional investors own 76.12% of the company's stock.

Insider Transactions at Leidos

In other news, Director Gregory R. Dahlberg sold 952 shares of the business's stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Edward Hull sold 12,497 shares of the business's stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,975 shares of company stock valued at $4,078,740. Insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LDOS shares. Stifel Nicolaus set a $178.00 target price on Leidos and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Baird R W cut Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Royal Bank Of Canada upgraded Leidos from a "hold" rating to a "moderate buy" rating in a report on Thursday, September 4th. Wall Street Zen cut Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Robert W. Baird lowered 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Leidos presently has an average rating of "Moderate Buy" and a consensus price target of $183.31.

Leidos Trading Up 0.3%

Shares of LDOS traded up $0.64 during mid-day trading on Friday, reaching $187.79. The company had a trading volume of 3,133,073 shares, compared to its average volume of 652,851. The stock has a market cap of $24.09 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.71. The firm has a fifty day simple moving average of $174.29 and a 200-day simple moving average of $156.13. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week 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.

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 the consensus estimate of $2.63 by $0.58. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The business's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

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

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.