Bank of New York Mellon Corp Makes New $67.05 Million Investment in Leidos Holdings, Inc. $LDOS

Key Points

• Bank of New York Mellon acquired 651,130 Leidos shares worth approximately $67.05 million, while institutional investors collectively owned 76.12% of the company.
• Leidos exceeded quarterly expectations, reporting $3.26 in EPS and $4.56 billion in revenue, up 7.2% year over year. The company reaffirmed fiscal 2026 EPS guidance of $12.20–$12.50.
• The board authorized a buyback of up to 20 million shares, and Leidos declared a quarterly dividend of $0.43 per share. Despite these measures, analysts maintain an overall “Hold” rating with an average price target of $162.93.

Bank of New York Mellon Corp acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 651,130 shares of the aerospace company's stock, valued at approximately $67,047,000. Bank of New York Mellon Corp owned approximately 0.52% of Leidos at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LDOS. State Street Corp grew its stake in Leidos by 3.7% in the fourth quarter. State Street Corp now owns 6,022,359 shares of the aerospace company's stock worth $1,086,434,000 after purchasing an additional 217,141 shares in the last quarter. Diamant Asset Management Inc. grew its position in shares of Leidos by 16,475.4% during the 1st quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company's stock worth $646,463,000 after buying an additional 4,131,706 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Leidos by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 3,538,488 shares of the aerospace company's stock worth $636,097,000 after buying an additional 64,909 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Leidos by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,859,616 shares of the aerospace company's stock valued at $289,193,000 after buying an additional 47,542 shares during the period. Finally, Norges Bank purchased a new position in shares of Leidos during the fourth quarter valued at $318,839,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Down 2.7%

Shares of Leidos stock opened at $134.76 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The company has a market cap of $16.91 billion, a P/E ratio of 12.57, a PEG ratio of 2.01 and a beta of 0.52. The firm's 50 day moving average price is $118.00 and its 200-day moving average price is $140.13. Leidos Holdings, Inc. has a 52-week low of $98.86 and a 52-week high of $205.77.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.91 by $0.35. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business posted $3.21 EPS. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. 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 fiscal year.

Leidos announced that its board has authorized a share buyback program on Friday, July 31st that allows the company to repurchase 20,000,000 outstanding shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 15th. Leidos's payout ratio is presently 16.04%.

Insider Buying and Selling at Leidos

In other news, Director Noel B. Geer sold 10,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total value of $1,406,600.00. Following the transaction, the director directly owned 34,274 shares of the company's stock, valued at approximately $4,820,980.84. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LDOS. Wells Fargo & Company set a $165.00 target price on shares of Leidos in a report on Monday, August 17th. TD Cowen boosted their price target on shares of Leidos from $115.00 to $135.00 and gave the company a "hold" rating in a report on Friday, August 7th. Weiss Ratings cut shares of Leidos from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, June 8th. Stifel Nicolaus dropped their price objective on shares of Leidos from $205.00 to $193.00 and set a "hold" rating on the stock in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada cut their price objective on shares of Leidos from $180.00 to $170.00 and set an "outperform" rating on the stock in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, Leidos presently has an average rating of "Hold" and an average target price of $162.93.

Leidos 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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