Korea Investment CORP Sells 16,400 Shares of Leidos Holdings, Inc. $LDOS

Korea Investment CORP cut its position in Leidos Holdings, Inc. (NYSE:LDOS) by 9.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,930 shares of the aerospace company’s stock after selling 16,400 shares during the quarter. Korea Investment CORP owned approximately 0.12% of Leidos worth $24,442,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. First Pacific Financial bought a new position in shares of Leidos during the 2nd quarter worth approximately $27,000. Raleigh Capital Management Inc. acquired a new stake in Leidos in the second quarter valued at approximately $29,000. True Wealth Design LLC grew its holdings in Leidos by 471.4% in the second quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 165 shares during the last quarter. Mountain Hill Investment Partners Corp. increased its position in shares of Leidos by 66.2% during the second quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 86 shares in the last quarter. Finally, REAP Financial Group LLC lifted its holdings in shares of Leidos by 50.0% during the 2nd quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 76 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial reaffirmed a “buy” rating and set a $220.00 target price (up from $200.00) on shares of Leidos in a research report on Tuesday, November 4th. UBS Group boosted their price target on Leidos from $209.00 to $216.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Zacks Research lowered shares of Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $230.00 target price on shares of Leidos in a research note on Wednesday, November 5th. Finally, Bank of America upped their price target on shares of Leidos from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $199.23.

Leidos Price Performance

Shares of LDOS opened at $191.21 on Friday. The business’s 50-day moving average is $190.59 and its two-hundred day moving average is $173.77. The company has a market capitalization of $24.45 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.40 and a beta of 0.69. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $205.77. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.50 and a current ratio of 1.62.

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

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis 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 14.93%.

Insider Buying and Selling at Leidos

In related news, insider Stephen Edward Hull sold 12,497 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $178.14, for a total value 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. The trade was a 32.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.96% of the stock is currently owned by company insiders.

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.