Leidos Holdings, Inc. (NYSE:LDOS) Holdings Lifted by UBS Asset Management Americas Inc.

Posted by Defense World Staff on Mar 13th, 2023

UBS Asset Management Americas Inc. grew its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS – Get Rating) by 44.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 671,481 shares of the aerospace company’s stock after purchasing an additional 207,246 shares during the period. UBS Asset Management Americas Inc. owned about 0.49% of Leidos worth $58,734,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LDOS. Private Advisor Group LLC lifted its holdings in shares of Leidos by 56.7% during the first quarter. Private Advisor Group LLC now owns 6,633 shares of the aerospace company’s stock valued at $716,000 after purchasing an additional 2,399 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Leidos by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,778 shares of the aerospace company’s stock worth $2,028,000 after acquiring an additional 1,163 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in Leidos in the 1st quarter worth about $211,000. Raymond James Trust N.A. lifted its stake in Leidos by 56.6% in the 1st quarter. Raymond James Trust N.A. now owns 5,897 shares of the aerospace company’s stock worth $637,000 after acquiring an additional 2,131 shares in the last quarter. Finally, Blair William & Co. IL purchased a new stake in Leidos in the 1st quarter worth about $221,000. 75.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Leidos from $114.00 to $103.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 15th. StockNews.com downgraded Leidos from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 8th. Royal Bank of Canada reduced their price objective on Leidos from $112.00 to $105.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 15th. Citigroup cut their price target on Leidos from $130.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, February 16th. Finally, Morgan Stanley cut their price target on Leidos from $111.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 15th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Leidos has an average rating of “Moderate Buy” and a consensus target price of $113.43.

Leidos Stock Performance

Shares of NYSE LDOS opened at $92.50 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 0.92. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.77 and a beta of 0.76. The business’s 50-day simple moving average is $98.54 and its 200-day simple moving average is $99.31. Leidos Holdings, Inc. has a 52 week low of $87.24 and a 52 week high of $111.12.

Leidos (NYSE:LDOS – Get Rating) last issued its quarterly earnings data on Tuesday, February 14th. The aerospace company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.62 billion. Leidos had a return on equity of 22.01% and a net margin of 4.76%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.56 EPS. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 6.64 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Tuesday, March 14th. Leidos’s dividend payout ratio is 29.15%.

Insider Buying and Selling at Leidos

In other Leidos news, Director David G. Fubini sold 6,189 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $109.20, for a total value of $675,838.80. Following the sale, the director now owns 12,463 shares of the company’s stock, valued at approximately $1,360,959.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.67% of the company’s stock.

Leidos Profile

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Leidos Holdings, Inc engages in the provision of services and solutions in the defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment provides services, solutions, and products focusing on digital modernization, mission systems and integration, Command, Control, Computers, Communications, Intelligence, Surveillance and Reconnaissance (“”C4ISR””) technologies and services, maritime solutions, transformative software, analytics, intelligence analysis, mission support and logistics services, weapons systems and space systems and solutions.