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

Sumitomo Mitsui Trust Group Inc. boosted its position in Leidos Holdings, Inc. (NYSE:LDOS) by 5.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,071 shares of the aerospace company’s stock after buying an additional 17,625 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Leidos were worth $63,504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Leidos by 3.3% during 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 in the last quarter. Boston Partners boosted 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 valued at $460,203,000 after buying an additional 103,321 shares during the period. Norges Bank bought a new stake in shares of Leidos during the 2nd quarter valued at about $261,501,000. Alliancebernstein L.P. raised its stake in Leidos by 64.4% during the second quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock worth $241,256,000 after acquiring an additional 598,974 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Leidos by 21.2% in the second quarter. AQR Capital Management LLC now owns 1,433,712 shares of the aerospace company’s stock worth $223,731,000 after acquiring an additional 250,555 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Down 2.8%

LDOS stock opened at $190.55 on Thursday. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $205.77. The business’s fifty day moving average price is $189.21 and its two-hundred day moving average price is $182.36. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.62 and a quick ratio of 1.50. The stock has a market capitalization of $24.36 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.37 and a beta of 0.58.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, November 4th. The aerospace company reported $3.05 EPS for the quarter, topping 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 return on equity of 33.02% and a net margin of 8.11%.Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. On average, equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, December 15th. This is a positive change from Leidos’s previous quarterly dividend of $0.40. Leidos’s dividend payout ratio (DPR) is 16.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $230.00 target price on shares of Leidos in a research note on Wednesday, November 5th. Zacks Research cut Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Stifel Nicolaus reiterated a “hold” rating and set a $220.00 price target on shares of Leidos in a report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Leidos in a report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $214.18.

Insider Buying and Selling at Leidos

In other news, insider Elizabeth A. Porter sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $181.04, for a total transaction of $543,120.00. Following the completion of the sale, the insider owned 41,575 shares of the company’s stock, valued at $7,526,738. This trade represents a 6.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.96% of the company’s stock.

Leidos Company 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.