Bank of Montreal Can Sells 40,467 Shares of Leidos Holdings, Inc. $LDOS

Bank of Montreal Can reduced its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 36.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 71,651 shares of the aerospace company’s stock after selling 40,467 shares during the period. Bank of Montreal Can’s holdings in Leidos were worth $11,304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Kendall Capital Management grew its position in shares of Leidos by 93.7% in the 2nd quarter. Kendall Capital Management now owns 4,270 shares of the aerospace company’s stock valued at $674,000 after acquiring an additional 2,065 shares during the period. Kathmere Capital Management LLC lifted its stake in Leidos by 145.6% in the 2nd quarter. Kathmere Capital Management LLC now owns 7,998 shares of the aerospace company’s stock valued at $1,262,000 after purchasing an additional 4,742 shares during the last quarter. McAdam LLC bought a new position in Leidos during the second quarter worth about $286,000. Amundi grew its holdings in 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 purchasing an additional 14,246 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Leidos by 26.2% during the first quarter. Geneos Wealth Management Inc. now owns 10,229 shares of the aerospace company’s stock worth $1,380,000 after buying an additional 2,126 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insiders Place Their Bets

In related news, insider Stephen Edward Hull sold 12,497 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $178.14, for a total transaction of $2,226,215.58. Following the completion of the transaction, the insider directly owned 25,817 shares in the company, valued at $4,599,040.38. This represents a 32.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the completion of the sale, the director owned 10,137 shares in the company, valued at $1,804,892.85. This represents a 16.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 15,449 shares of company stock valued at $2,751,229. 0.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LDOS has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Leidos from $209.00 to $216.00 and gave the stock a “neutral” rating in a report on Wednesday. Zacks Research downgraded shares of Leidos from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Bank of America raised their target price on shares of Leidos from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday. Argus increased their price target on shares of Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Leidos in a research report on Wednesday. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $199.23.

Leidos Price Performance

Shares of NYSE LDOS opened at $196.89 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.62 and a quick ratio of 1.50. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $205.77. The stock has a market capitalization of $25.17 billion, a PE ratio of 18.37, a P/E/G ratio of 1.82 and a beta of 0.69. The business has a fifty day moving average price of $187.93 and a two-hundred day moving average price of $169.49.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, November 4th. The aerospace company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.61 by $0.44. The firm had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.28 billion. Leidos had a net margin of 8.11% and a return on equity of 33.02%. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. As a group, equities analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.43 dividend. This is a boost from Leidos’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, December 15th. Leidos’s dividend payout ratio (DPR) is presently 14.93%.

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.