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

Bank of Nova Scotia increased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 1,353.1% in the second quarter, according to the company in its most recent Form 13F filing 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 period. Bank of Nova Scotia’s holdings in Leidos were worth $26,031,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. First Pacific Financial acquired a new position in Leidos in the 2nd quarter valued at $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of Leidos during the second quarter worth $29,000. True Wealth Design LLC grew its position in shares of Leidos by 471.4% in the second quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 165 shares during the period. Zions Bancorporation National Association UT acquired a new position in Leidos in the first quarter valued at $33,000. Finally, Mountain Hill Investment Partners Corp. lifted its position in Leidos by 66.2% during 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 period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Trading Down 0.4%

NYSE:LDOS opened at $184.85 on Wednesday. The business’s 50-day moving average is $190.78 and its two-hundred day moving average is $175.38. The firm has a market capitalization of $23.63 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.36 and a beta of 0.58. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $205.77. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.62 and a quick ratio of 1.50.

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

Leidos Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have commented on LDOS. Truist Financial restated a “buy” rating and issued a $220.00 price target (up previously from $200.00) on shares of Leidos in a report on Tuesday, November 4th. Argus boosted their target price on shares of Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Zacks Research lowered shares of Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leidos in a report on Monday. Finally, Wall Street Zen raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 30th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Leidos presently has an average 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.