Pitcairn Co. Lowers Holdings in Leidos Holdings, Inc. $LDOS

Pitcairn Co. trimmed its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 18.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,283 shares of the aerospace company’s stock after selling 3,048 shares during the period. Pitcairn Co.’s holdings in Leidos were worth $2,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Nomura Holdings Inc. raised its holdings in Leidos by 23.6% in the 2nd quarter. Nomura Holdings Inc. now owns 5,131 shares of the aerospace company’s stock worth $809,000 after purchasing an additional 981 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Leidos by 7.2% in the second quarter. Geneos Wealth Management Inc. now owns 10,967 shares of the aerospace company’s stock valued at $1,730,000 after buying an additional 738 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Leidos during the 2nd quarter worth approximately $56,000. Evergreen Capital Management LLC purchased a new position in shares of Leidos during the 2nd quarter valued at approximately $209,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in Leidos by 83.2% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 62,205 shares of the aerospace company’s stock valued at $9,829,000 after acquiring an additional 28,249 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Trading Down 0.4%

LDOS opened at $189.83 on Monday. The firm has a market capitalization of $24.27 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.39 and a beta of 0.58. The company’s 50 day simple moving average is $190.55 and its two-hundred day simple moving average is $176.18. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $205.77. 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 (NYSE:LDOS) last posted its quarterly 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. 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. Analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Leidos’s previous quarterly dividend of $0.40. Leidos’s dividend payout ratio is presently 14.93%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LDOS shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leidos in a report on Monday, December 8th. Zacks Research lowered shares of Leidos from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Wall Street Zen lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Truist Financial reissued a “buy” rating and set a $220.00 target price (up previously from $200.00) on shares of Leidos in a report on Tuesday, November 4th. Finally, Bank of America lifted their price target on Leidos from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $205.42.

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.