Mirae Asset Global Investments Co. Ltd. Has $2.44 Million Position in Leidos Holdings, Inc. $LDOS

Mirae Asset Global Investments Co. Ltd. increased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,439 shares of the aerospace company’s stock after purchasing an additional 900 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Leidos were worth $2,436,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Naples Global Advisors LLC boosted its holdings in Leidos by 1.1% during the second quarter. Naples Global Advisors LLC now owns 55,099 shares of the aerospace company’s stock valued at $8,692,000 after acquiring an additional 595 shares during the period. Pure Financial Advisors LLC lifted its holdings in shares of Leidos by 0.5% during the second quarter. Pure Financial Advisors LLC now owns 24,669 shares of the aerospace company’s stock worth $3,892,000 after buying an additional 120 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Leidos by 6.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 386,287 shares of the aerospace company’s stock worth $60,941,000 after buying an additional 22,065 shares during the last quarter. First Pacific Financial acquired a new position in shares of Leidos during the second quarter worth approximately $27,000. Finally, LBP AM SA lifted its holdings in shares of Leidos by 32.3% during the second quarter. LBP AM SA now owns 43,943 shares of the aerospace company’s stock worth $6,932,000 after buying an additional 10,736 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LDOS shares. Argus upped their price target on Leidos from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Truist Financial set a $195.00 target price on shares of Leidos in a research note on Tuesday, September 30th. 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. UBS Group increased their target price 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, Jefferies Financial Group upgraded shares of Leidos from a “hold” rating to a “buy” rating and increased their target price for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $188.31.

Insider Buying and Selling at Leidos

In other news, Director Gregory R. Dahlberg sold 952 shares of the company’s 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 transaction, the director directly owned 21,068 shares in the company, valued at approximately $3,738,095.24. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Stephen May sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.05, for a total transaction of $356,100.00. Following the transaction, the director owned 10,137 shares in the company, valued at $1,804,892.85. The trade was a 16.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,975 shares of company stock worth $4,078,740. 0.69% of the stock is currently owned by insiders.

Leidos Trading Down 0.5%

Shares of Leidos stock opened at $197.11 on Wednesday. The stock has a market capitalization of $25.29 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.85 and a beta of 0.71. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. The company has a 50-day simple moving average of $180.97 and a 200 day simple moving average of $160.81. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90.

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, beating the consensus estimate of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the previous year, the company posted $2.63 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.40 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.60 annualized dividend and a yield of 0.8%. Leidos’s payout ratio is presently 15.12%.

Leidos Company 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.