Leidos Holdings, Inc. $LDOS Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 327.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,556 shares of the aerospace company’s stock after acquiring an additional 10,388 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Leidos were worth $1,829,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of LDOS. Pacer Advisors Inc. boosted its holdings in shares of Leidos by 3,450.0% during 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 period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Leidos by 29.8% during 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 period. Victory Capital Management Inc. boosted its holdings in shares of Leidos by 130.3% during 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 period. Nuveen LLC acquired a new position in shares of Leidos during the first quarter valued at $45,665,000. Finally, Allianz Asset Management GmbH raised its stake in shares of Leidos by 262.9% during the first quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company’s stock valued at $62,005,000 after purchasing an additional 332,882 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Price Performance

Shares of Leidos stock opened at $178.83 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. The company’s 50-day moving average price is $170.93 and its two-hundred day moving average price is $153.30. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The stock has a market cap of $22.94 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.67 and a beta of 0.71.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.63 by $0.58. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. Leidos’s revenue for the quarter was up 2.9% compared to the same quarter last year. 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. As a group, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Royal Bank Of Canada upgraded shares of Leidos from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 4th. Baird R W cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 27th. UBS Group lifted their price objective on shares of Leidos from $168.00 to $184.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Finally, Citigroup restated a “buy” rating and set a $190.00 price objective (up from $186.00) on shares of Leidos in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.31.

Insiders Place Their Bets

In other Leidos news, Director Gregory R. Dahlberg sold 952 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the sale, the director owned 21,068 shares in the company, valued at approximately $3,738,095.24. The trade was a 4.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $178.05, for a total value of $356,100.00. Following the sale, the director owned 10,137 shares in the company, valued at approximately $1,804,892.85. The trade was a 16.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,975 shares of company stock worth $4,078,740. Company insiders own 0.69% of the company’s stock.

Leidos 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.