10,155 Shares in Leidos Holdings, Inc. $LDOS Purchased by Pin Oak Investment Advisors Inc.

Key Points

• Pin Oak Investment Advisors purchased 10,155 Leidos shares worth approximately $1.05 million during the second quarter. Institutional investors and hedge funds collectively own 76.12% of LDOS.
• Leidos exceeded quarterly expectations, reporting adjusted earnings of $3.26 per share and revenue of $4.56 billion, while revenue rose 7.2% year over year. Analysts maintain a consensus “Hold” rating with a $162.93 average price target.
• The company declared a quarterly dividend of $0.43 per share and authorized a 20 million-share repurchase plan, signaling management believes the stock may be undervalued.

Pin Oak Investment Advisors Inc. bought a new position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,155 shares of the aerospace company's stock, valued at approximately $1,046,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Diamant Asset Management Inc. lifted its stake in Leidos by 16,475.4% during the first quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company's stock worth $646,463,000 after purchasing an additional 4,131,706 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Leidos by 1.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,421,634 shares of the aerospace company's stock valued at $256,463,000 after buying an additional 22,013 shares during the period. New Age Alpha Advisors LLC grew its holdings in Leidos by 25,505.4% during the 4th quarter. New Age Alpha Advisors LLC now owns 42,505 shares of the aerospace company's stock worth $7,668,000 after acquiring an additional 42,339 shares in the last quarter. Norges Bank purchased a new stake in shares of Leidos during the 4th quarter worth $318,839,000. Finally, Renaissance Technologies LLC purchased a new position in Leidos in the first quarter valued at $20,225,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LDOS has been the subject of a number of research analyst reports. Truist Financial lowered their price target on Leidos from $195.00 to $160.00 and set a "buy" rating for the company in a report on Friday, July 10th. Bank of America reissued a "neutral" rating and set a $125.00 price target (down from $200.00) on shares of Leidos in a report on Wednesday, June 17th. TD Cowen increased their price target on Leidos from $115.00 to $135.00 and gave the stock a "hold" rating in a report on Friday, August 7th. UBS Group lifted their target price on shares of Leidos from $124.00 to $138.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, Robert W. Baird set a $150.00 price objective on Leidos in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Leidos has a consensus rating of "Hold" and a consensus target price of $162.93.

Insider Buying and Selling

In other Leidos news, Director Noel B. Geer sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the completion of the sale, the director directly owned 34,274 shares in the company, valued at $4,820,980.84. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.77% of the stock is owned by corporate insiders.

Leidos Stock Performance

Shares of LDOS opened at $140.59 on Friday. Leidos Holdings, Inc. has a 1 year low of $98.86 and a 1 year high of $205.77. The company's 50 day simple moving average is $119.90 and its 200 day simple moving average is $139.42. The company has a market capitalization of $17.64 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 2.04 and a beta of 0.52. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.60 and a current ratio of 1.63.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.91 by $0.35. The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.44 billion. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The business's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.21 EPS. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. On average, sell-side analysts predict that Leidos Holdings, Inc. will post 12.38 EPS for the current year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 15th. Leidos's dividend payout ratio is presently 16.04%.

Leidos declared that its board has approved a stock repurchase plan on Friday, July 31st that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Leidos Company Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos' work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.

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