Beacon Pointe Advisors LLC Invests $1.25 Million in Leidos Holdings, Inc. $LDOS

Key Points

• Beacon Pointe Advisors acquired 12,102 Leidos shares worth approximately $1.25 million, while institutional investors overall own 76.12% of the company.
• Leidos exceeded quarterly expectations with $3.26 in EPS and $4.56 billion in revenue, up 7.2% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $162.93.
• The company announced a quarterly dividend of $0.43 per share and authorized a 20 million-share buyback, signaling management’s view that the stock may be undervalued.

Beacon Pointe Advisors LLC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,102 shares of the aerospace company's stock, valued at approximately $1,246,000.

A number of other institutional investors also recently added to or reduced their stakes in LDOS. BlackRock Inc. bought a new position in Leidos in the second quarter worth about $1,024,436,000. Diamant Asset Management Inc. lifted its position in shares of 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 valued at $646,463,000 after buying an additional 4,131,706 shares during the last quarter. Norges Bank bought a new stake in shares of Leidos in the 4th quarter valued at about $318,839,000. SG Americas Securities LLC boosted its holdings in shares of Leidos by 998.6% in the 1st quarter. SG Americas Securities LLC now owns 1,097,724 shares of the aerospace company's stock valued at $170,718,000 after buying an additional 997,807 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Leidos in the 2nd quarter worth approximately $77,623,000. Institutional investors own 76.12% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Leidos from $138.00 to $161.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Truist Financial lowered their target price on shares of Leidos from $195.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, July 10th. TD Cowen lifted their price target on shares of Leidos from $115.00 to $135.00 and gave the stock a "hold" rating in a report on Friday, August 7th. Stifel Nicolaus reduced their price target on Leidos from $205.00 to $193.00 and set a "hold" rating on the stock in a research report on Wednesday, May 6th. Finally, UBS Group increased their price objective on Leidos from $124.00 to $138.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $162.93.

Leidos Trading Down 0.0%

Shares of Leidos stock opened at $140.59 on Monday. The firm has a 50-day simple moving average of $119.90 and a two-hundred day simple moving average of $139.03. 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 Holdings, Inc. has a fifty-two week low of $98.86 and a fifty-two week high of $205.77. The company has a market cap of $17.64 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 2.05 and a beta of 0.52.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $3.26 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.44 billion. During the same period last year, the firm earned $3.21 EPS. The company's quarterly revenue was up 7.2% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. As a group, equities analysts predict that Leidos Holdings, Inc. will post 12.38 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Leidos's dividend payout ratio (DPR) is presently 16.04%.

Leidos announced that its board has initiated a share 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 buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Noel B. Geer sold 10,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the director directly owned 34,274 shares in the company, valued at $4,820,980.84. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.77% of the company's stock.

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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