Leidos Holdings, Inc. $LDOS Shares Sold by Pitcairn Co.

Pitcairn Co. lowered its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 18.7% during the second quarter, Holdings Channel.com reports. The firm owned 13,283 shares of the aerospace company’s stock after selling 3,048 shares during the period. Pitcairn Co.’s holdings in Leidos were worth $2,096,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Leidos by 3.3% in the second quarter. JPMorgan Chase & Co. now owns 3,528,630 shares of the aerospace company’s stock valued at $556,677,000 after buying an additional 111,813 shares during the last quarter. Boston Partners lifted its holdings in shares of Leidos by 3.7% in the 2nd quarter. Boston Partners now owns 2,909,142 shares of the aerospace company’s stock worth $460,203,000 after acquiring an additional 103,321 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Leidos by 10.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company’s stock worth $253,262,000 after purchasing an additional 170,263 shares during the period. Norges Bank acquired a new stake in Leidos in the 2nd quarter valued at approximately $261,501,000. Finally, Alliancebernstein L.P. raised its position in Leidos by 64.4% in the second quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after purchasing an additional 598,974 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Stock Performance

Shares of LDOS opened at $189.83 on Monday. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $205.77. The stock has a market capitalization of $24.27 billion, a PE ratio of 17.71, a PEG ratio of 1.39 and a beta of 0.58. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.50 and a current ratio of 1.62. The stock has a 50-day simple moving average of $190.55 and a 200-day simple moving average of $176.18.

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

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.43 per share. This is an increase from Leidos’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. Leidos’s dividend payout ratio is presently 14.93%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LDOS shares. Royal Bank Of Canada restated an “outperform” rating and set a $230.00 price target on shares of Leidos in a research report on Wednesday, November 5th. UBS Group raised their target price on Leidos from $209.00 to $216.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Citigroup assumed coverage on shares of Leidos in a research note on Thursday. They set a “buy” rating and a $218.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Leidos in a research report on Monday, December 8th. Finally, Zacks Research cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Leidos presently has a consensus rating of “Moderate Buy” and an average target price of $205.42.

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.