Legal & General Group Plc Buys 41,401 Shares of Leidos Holdings, Inc. $LDOS

Legal & General Group Plc lifted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 4.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 921,024 shares of the aerospace company’s stock after acquiring an additional 41,401 shares during the period. Legal & General Group Plc’s holdings in Leidos were worth $145,301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Pacific Financial bought a new position in Leidos in the second quarter valued at $27,000. Raleigh Capital Management Inc. purchased a new position in shares of Leidos in the 2nd quarter worth about $29,000. True Wealth Design LLC boosted its holdings in shares of Leidos by 471.4% in the 2nd quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 165 shares in the last quarter. Mountain Hill Investment Partners Corp. increased its position in shares of Leidos by 66.2% during the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 86 shares during the last quarter. Finally, REAP Financial Group LLC raised its holdings in shares of Leidos by 50.0% during the 2nd quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock valued at $36,000 after buying an additional 76 shares in the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LDOS shares. Wall Street Zen lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday. UBS Group boosted their price objective on shares of Leidos from $209.00 to $216.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $230.00 target price on shares of Leidos in a report on Wednesday, November 5th. Cantor Fitzgerald lifted their target price on shares of Leidos from $185.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Leidos in a research report on Monday, November 17th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $199.23.

Insider Buying and Selling at Leidos

In other 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 transaction, the insider directly owned 25,817 shares of the company’s stock, valued at approximately $4,599,040.38. The trade was a 32.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Leidos Price Performance

Shares of Leidos stock opened at $187.02 on Tuesday. The company’s fifty day simple moving average is $190.15 and its two-hundred day simple moving average is $172.91. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $205.77. The firm has a market cap of $23.91 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.37 and a beta of 0.69. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 0.94.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.61 by $0.44. The firm had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.28 billion. Leidos had a net margin of 8.11% and a return on equity of 33.02%. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. As a group, equities analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.43 dividend. This is an increase from Leidos’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, December 15th. This represents a $1.72 annualized dividend and a yield of 0.9%. Leidos’s dividend payout ratio (DPR) is 14.93%.

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.