Leidos Holdings, Inc. $LDOS Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia raised its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 1,353.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,003 shares of the aerospace company’s stock after buying an additional 153,648 shares during the quarter. Bank of Nova Scotia owned about 0.13% of Leidos worth $26,031,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. First Pacific Financial purchased a new position in shares of Leidos during the 2nd quarter worth approximately $27,000. Raleigh Capital Management Inc. purchased a new stake in Leidos in the second quarter valued at approximately $29,000. True Wealth Design LLC lifted its stake in Leidos by 471.4% during 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 in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Leidos during the first quarter worth $33,000. Finally, Mountain Hill Investment Partners Corp. grew its stake in shares of Leidos by 66.2% in the second quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock valued at $34,000 after buying an additional 86 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Down 0.4%

LDOS opened at $184.85 on Wednesday. The stock has a market capitalization of $23.63 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.36 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 Holdings, Inc. has a one year low of $123.62 and a one year high of $205.77. The business’s 50-day simple moving average is $190.78 and its 200-day simple moving average is $175.38.

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

Leidos Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on LDOS shares. Truist Financial reissued a “buy” rating and set a $220.00 target price (up previously from $200.00) on shares of Leidos in a research note on Tuesday, November 4th. Zacks Research cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Argus lifted their price objective on shares of Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $230.00 target price on shares of Leidos in a research note on Wednesday, November 5th. Finally, Cantor Fitzgerald raised their price target on shares of Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $199.23.

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.