Mitsubishi UFJ Trust & Banking Corp Purchases 11,032 Shares of Leidos Holdings, Inc. $LDOS

Mitsubishi UFJ Trust & Banking Corp boosted its position in Leidos Holdings, Inc. (NYSE:LDOS) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,119 shares of the aerospace company’s stock after purchasing an additional 11,032 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Leidos were worth $28,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of LDOS. Norges Bank purchased a new stake in shares of Leidos in the second quarter worth approximately $261,501,000. Alliancebernstein L.P. boosted its holdings in Leidos by 64.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after acquiring an additional 598,974 shares during the period. AQR Capital Management LLC grew its position in Leidos by 21.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,433,712 shares of the aerospace company’s stock valued at $223,731,000 after acquiring an additional 250,555 shares during the last quarter. Hennessy Advisors Inc. increased its stake in Leidos by 1,427.1% in the third quarter. Hennessy Advisors Inc. now owns 259,600 shares of the aerospace company’s stock worth $49,054,000 after purchasing an additional 242,600 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in shares of Leidos by 753.0% during the second quarter. Balyasny Asset Management L.P. now owns 215,939 shares of the aerospace company’s stock worth $34,067,000 after purchasing an additional 190,625 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LDOS shares. Weiss Ratings restated a “buy (b)” rating on shares of Leidos in a report on Monday, December 29th. UBS Group set a $204.00 price objective on shares of Leidos in a research report on Thursday, January 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $230.00 target price on shares of Leidos in a research report on Wednesday, November 5th. Citigroup lifted their price target on shares of Leidos from $218.00 to $232.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, Truist Financial reissued a “buy” rating and issued a $220.00 price objective (up previously from $200.00) on shares of Leidos in a research note on Tuesday, November 4th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $213.09.

Insider Buying and Selling at Leidos

In related news, insider Elizabeth A. Porter sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total transaction of $576,630.00. Following the completion of the sale, the insider directly owned 38,575 shares in the company, valued at $7,414,500.75. This represents a 7.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.69% of the stock is owned by company insiders.

Leidos Trading Down 1.2%

NYSE:LDOS opened at $191.07 on Monday. The firm has a 50-day simple moving average of $188.95 and a 200-day simple moving average of $183.99. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $205.77. The firm has a market cap of $24.43 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.33 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.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $0.44. The company had revenue of $4.47 billion for the quarter, compared to analyst estimates 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. Equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from Leidos’s previous quarterly dividend of $0.40. Leidos’s dividend payout ratio is presently 16.04%.

Leidos Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.