Vinva Investment Management Ltd Increases Stock Position in Leidos Holdings, Inc. $LDOS

Vinva Investment Management Ltd raised its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,048 shares of the aerospace company’s stock after acquiring an additional 1,101 shares during the quarter. Vinva Investment Management Ltd owned about 0.08% of Leidos worth $16,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in LDOS. Nuveen LLC purchased a new stake in Leidos during the 1st quarter worth about $45,665,000. JPMorgan Chase & Co. increased its position in shares of Leidos by 7.9% during the first quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company’s stock valued at $461,065,000 after buying an additional 251,245 shares during the period. New Vernon Capital Holdings II LLC bought a new stake in shares of Leidos during the first quarter valued at about $29,881,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Leidos in the second quarter worth about $29,217,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Leidos by 10.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company’s stock valued at $253,262,000 after acquiring an additional 170,263 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Zacks Research cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Bank of America upped their price target on shares of Leidos from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Jefferies Financial Group upgraded Leidos from a “hold” rating to a “buy” rating and upped their target price for the stock from $185.00 to $205.00 in a research note on Wednesday, August 6th. Truist Financial reiterated 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Leidos in a report on Monday. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $199.23.

Insider Buying and Selling at Leidos

In other news, insider Stephen Edward Hull sold 12,497 shares of the firm’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 value of $2,226,215.58. Following the transaction, the insider owned 25,817 shares in the company, valued at approximately $4,599,040.38. This trade represents a 32.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.

Leidos Price Performance

Shares of Leidos stock opened at $190.25 on Thursday. 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 Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $205.77. The company has a fifty day moving average of $190.46 and a 200-day moving average of $173.28. The stock has a market capitalization of $24.33 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.41 and a beta of 0.69.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.44. Leidos had a net margin of 8.11% and a return on equity of 33.02%. The business had revenue of $4.47 billion during 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 expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, December 15th. This is an increase from Leidos’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 0.9%. Leidos’s dividend payout ratio 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.