Bank of New York Mellon Corp Sells 40,280 Shares of Leidos Holdings, Inc. $LDOS

Bank of New York Mellon Corp reduced its position in Leidos Holdings, Inc. (NYSE:LDOS) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 802,742 shares of the aerospace company’s stock after selling 40,280 shares during the period. Bank of New York Mellon Corp’s holdings in Leidos were worth $126,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. First Pacific Financial purchased a new position in Leidos in the second quarter worth about $27,000. Raleigh Capital Management Inc. bought a new position in shares of Leidos in the 2nd quarter worth approximately $29,000. MCF Advisors LLC purchased a new position in shares of Leidos in the first quarter worth approximately $27,000. Mountain Hill Investment Partners Corp. grew its position in Leidos by 66.2% during the second quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock valued at $34,000 after buying an additional 86 shares during the period. Finally, REAP Financial Group LLC grew its position in Leidos by 50.0% during the second quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock valued at $36,000 after buying an additional 76 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 10,137 shares of the company’s stock, valued at approximately $1,804,892.85. This trade represents a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory R. Dahlberg sold 952 shares of Leidos stock in a transaction 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 sale, the director 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 15,449 shares of company stock worth $2,751,229. 0.96% of the stock is owned by insiders.

Leidos Price Performance

NYSE:LDOS opened at $195.06 on Friday. The stock has a market cap of $24.94 billion, a PE ratio of 18.20, a P/E/G ratio of 1.80 and a beta of 0.69. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 0.94. The business’s 50-day simple moving average is $187.61 and its two-hundred day simple moving average is $168.89. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $205.77.

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

Leidos Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. This is a boost from Leidos’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, December 15th. Leidos’s payout ratio is presently 15.12%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LDOS shares. Cantor Fitzgerald increased their price target on shares of Leidos from $185.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Zacks Research downgraded Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Wall Street Zen lowered Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Citigroup reaffirmed a “buy” rating and issued a $190.00 price objective (up previously from $186.00) on shares of Leidos in a research note on Monday, July 14th. Finally, UBS Group boosted their price objective on Leidos from $209.00 to $216.00 and gave the company a “neutral” rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.25.

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.