Leidos Holdings, Inc. $LDOS Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 4.6% during the second quarter, HoldingsChannel reports. The firm owned 318,446 shares of the aerospace company’s stock after selling 15,244 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Leidos were worth $50,238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LDOS. MCF Advisors LLC acquired a new position in shares of Leidos during the first quarter worth about $27,000. First Pacific Financial acquired a new position in shares of Leidos during the second quarter worth about $27,000. Raleigh Capital Management Inc. acquired a new position in shares of Leidos during the second quarter worth about $29,000. Optimum Investment Advisors lifted its stake in shares of Leidos by 260.0% during the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 169 shares in the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Leidos during the first quarter worth about $33,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. UBS Group boosted 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. Royal Bank Of Canada upgraded Leidos from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 4th. Jefferies Financial Group upgraded Leidos from a “hold” rating to a “buy” rating and boosted their price target for the stock from $185.00 to $205.00 in a research note on Wednesday, August 6th. Finally, Truist Financial set a $195.00 price target on Leidos in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.31.

Insider Activity

In other news, insider Stephen Edward Hull sold 12,497 shares of the company’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 completion of the transaction, the insider directly owned 25,817 shares of the company’s stock, valued at approximately $4,599,040.38. This represents a 32.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory R. Dahlberg sold 952 shares of the company’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 transaction, the director directly owned 21,068 shares of the company’s stock, valued at $3,738,095.24. This trade represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,975 shares of company stock valued at $4,078,740. 0.69% of the stock is currently owned by insiders.

Leidos Trading Down 0.3%

Shares of NYSE LDOS opened at $189.38 on Tuesday. The stock’s 50 day moving average price is $185.77 and its two-hundred day moving average price is $166.19. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The stock has a market capitalization of $24.30 billion, a P/E ratio of 17.90, a PEG ratio of 1.78 and a beta of 0.71. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter in the prior year, the firm posted $2.63 earnings per share. Leidos’s revenue for the quarter was up 2.9% compared to the same quarter last year. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. Leidos’s dividend 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.