Arizona State Retirement System Raises Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Posted by on May 8th, 2023

Arizona State Retirement System boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS – Get Rating) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,716 shares of the aerospace company’s stock after acquiring an additional 1,069 shares during the quarter. Arizona State Retirement System’s holdings in Leidos were worth $3,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Leidos by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 15,087,661 shares of the aerospace company’s stock valued at $1,629,768,000 after purchasing an additional 236,272 shares during the last quarter. Victory Capital Management Inc. increased its position in Leidos by 13.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,446,529 shares of the aerospace company’s stock valued at $388,938,000 after buying an additional 532,591 shares in the last quarter. Boston Partners increased its position in Leidos by 2.6% during the 3rd quarter. Boston Partners now owns 4,137,195 shares of the aerospace company’s stock valued at $364,047,000 after buying an additional 103,470 shares in the last quarter. First Trust Advisors LP increased its position in Leidos by 6.7% during the 3rd quarter. First Trust Advisors LP now owns 1,975,172 shares of the aerospace company’s stock valued at $172,768,000 after buying an additional 124,866 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Leidos by 29.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,899,486 shares of the aerospace company’s stock valued at $166,149,000 after buying an additional 426,858 shares in the last quarter. 75.74% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Price Performance

Shares of Leidos stock opened at $80.83 on Monday. Leidos Holdings, Inc. has a one year low of $78.58 and a one year high of $110.91. The stock’s fifty day moving average is $91.83 and its 200 day moving average is $98.82. The stock has a market cap of $11.09 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.55 and a beta of 0.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.85 and a current ratio of 1.16.

Leidos (NYSE:LDOS – Get Rating) last announced its earnings results on Tuesday, May 2nd. The aerospace company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.12). Leidos had a return on equity of 21.00% and a net margin of 4.60%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the business posted $1.58 earnings per share. Leidos’s revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts anticipate that Leidos Holdings, Inc. will post 6.57 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.44 dividend on an annualized basis and a yield of 1.78%. Leidos’s dividend payout ratio is presently 29.63%.

Analysts Set New Price Targets

A number of research firms recently weighed in on LDOS. Morgan Stanley reduced their price objective on Leidos from $111.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 15th. Jefferies Financial Group downgraded Leidos from a “buy” rating to a “hold” rating and cut their target price for the company from $120.00 to $95.00 in a research note on Monday, March 27th. Wells Fargo & Company cut their target price on Leidos from $103.00 to $87.00 in a research note on Wednesday, May 3rd. Truist Financial cut their target price on Leidos from $120.00 to $110.00 in a research note on Wednesday, May 3rd. Finally, Citigroup cut their target price on Leidos from $130.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, February 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Leidos currently has a consensus rating of “Hold” and a consensus price target of $102.00.

About Leidos

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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.

Further Reading

Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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