Leidos Holdings, Inc. $LDOS Holdings Cut by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 213,768 shares of the aerospace company’s stock after selling 6,064 shares during the period. Hsbc Holdings PLC owned 0.17% of Leidos worth $33,693,000 as of its most recent SEC filing.

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

Leidos Trading Down 1.4%

Leidos stock opened at $188.43 on Tuesday. The business’s 50-day simple moving average is $190.61 and its 200-day simple moving average is $174.14. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $205.77. The firm has a market capitalization of $24.09 billion, a PE ratio of 17.58, a PEG ratio of 1.40 and a beta of 0.58. 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 quarterly earnings results on Tuesday, November 4th. The aerospace company reported $3.05 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 company had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.28 billion. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. Equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Increases Dividend

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

Insider Transactions at Leidos

In other Leidos news, insider Stephen Edward Hull sold 12,497 shares of the firm’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 sale, the insider directly owned 25,817 shares in the company, valued at $4,599,040.38. This trade represents 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. 0.69% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Royal Bank Of Canada reissued an “outperform” rating and set a $230.00 target price on shares of Leidos in a research report on Wednesday, November 5th. Bank of America boosted their price target on Leidos from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Argus increased their price objective on Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Jefferies Financial Group raised Leidos from a “hold” rating to a “buy” rating and raised their price objective for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $199.23.

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.