Korea Investment CORP Has $23.12 Million Holdings in Leidos Holdings, Inc. $LDOS

Korea Investment CORP lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 2.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,330 shares of the aerospace company’s stock after selling 4,166 shares during the quarter. Korea Investment CORP owned about 0.13% of Leidos worth $23,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LDOS. Pacer Advisors Inc. grew its position in Leidos by 3,450.0% in the first quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company’s stock valued at $95,012,000 after acquiring an additional 684,272 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Leidos by 29.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock valued at $315,250,000 after acquiring an additional 536,452 shares during the last quarter. Victory Capital Management Inc. grew its position in Leidos by 130.3% in the first quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company’s stock valued at $96,001,000 after acquiring an additional 402,454 shares during the last quarter. Nuveen LLC bought a new position in Leidos in the first quarter valued at about $45,665,000. Finally, Allianz Asset Management GmbH grew its position in Leidos by 262.9% in the first quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company’s stock valued at $62,005,000 after acquiring an additional 332,882 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

Insider Transactions at Leidos

In other news, Director Gary Stephen May sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.05, for a total transaction of $356,100.00. Following the completion of the transaction, the director directly owned 10,137 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Edward Hull sold 7,526 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $176.39, for a total value of $1,327,511.14. Following the transaction, the insider owned 26,481 shares of the company’s stock, valued at $4,670,983.59. This trade represents a 22.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,478 shares of company stock worth $1,852,525 over the last ninety days. 0.96% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on LDOS. Citigroup reiterated a “buy” rating and issued a $190.00 target price (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. Baird R W cut Leidos from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 27th. Wall Street Zen lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Jefferies Financial Group raised Leidos from a “hold” rating to a “buy” rating and lifted their price target for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada lifted their price target on Leidos from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.46.

Leidos Stock Performance

NYSE LDOS opened at $180.2060 on Thursday. The company has a market capitalization of $23.12 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 2.04 and a beta of 0.65. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The stock has a fifty day simple moving average of $162.99 and a 200 day simple moving average of $148.89. 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 issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the company earned $2.63 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

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

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.