MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 138,122 Shares of Leidos Holdings, Inc. $LDOS

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 60.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 365,331 shares of the aerospace company’s stock after purchasing an additional 138,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.28% of Leidos worth $49,298,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of LDOS. Invenomic Capital Management LP acquired a new stake in Leidos during the first quarter worth approximately $4,565,000. Hancock Whitney Corp boosted its holdings in shares of Leidos by 13.2% during the first quarter. Hancock Whitney Corp now owns 48,938 shares of the aerospace company’s stock worth $6,604,000 after acquiring an additional 5,723 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Leidos by 3.0% during the first quarter. AQR Capital Management LLC now owns 1,183,157 shares of the aerospace company’s stock worth $159,342,000 after acquiring an additional 34,328 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Leidos by 3.4% during the first quarter. Advisors Asset Management Inc. now owns 24,753 shares of the aerospace company’s stock worth $3,340,000 after acquiring an additional 812 shares during the period. Finally, Amundi boosted its holdings in shares of Leidos by 19.1% during the first quarter. Amundi now owns 88,927 shares of the aerospace company’s stock worth $12,404,000 after acquiring an additional 14,246 shares during the period. Institutional investors own 76.12% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LDOS. Stifel Nicolaus set a $178.00 price objective on Leidos and gave the stock a “buy” rating in a report on Tuesday, June 24th. Baird R W cut Leidos from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 27th. Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Jefferies Financial Group upgraded Leidos from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $185.00 to $205.00 in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada upgraded shares of Leidos from a “hold” rating to a “moderate buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have assigned 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 $183.31.

Leidos Stock Up 0.1%

NYSE LDOS opened at $178.71 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The company has a 50 day moving average of $170.17 and a 200-day moving average of $152.45. The company has a market cap of $22.93 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 2.03 and a beta of 0.71.

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

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, September 15th. Leidos’s dividend payout ratio (DPR) is 15.12%.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 2,000 shares of Leidos stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.05, for a total value of $356,100.00. Following the transaction, the director directly owned 10,137 shares of the company’s stock, valued at $1,804,892.85. This trade represents a 16.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gregory R. Dahlberg sold 952 shares of Leidos stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $168,913.36. Following the completion of the transaction, the director directly owned 21,068 shares in the company, 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. Insiders have sold 22,975 shares of company stock valued at $4,078,740 over the last three months. 0.96% of the stock is owned by insiders.

About Leidos

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.