Corient Private Wealth LP Purchases New Stake in Leidos Holdings, Inc. $LDOS

Key Points

• Corient Private Wealth acquired 56,125 Leidos shares worth approximately $5.8 million in the second quarter, while institutional investors collectively own 76.12% of the company.
• Leidos exceeded quarterly expectations with adjusted EPS of $3.26 and revenue of $4.56 billion, up 7.2% year over year. The company also authorized a buyback of up to 20 million shares and declared a quarterly dividend of $0.43 per share.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and a $162.93 price target; one director separately sold 10,000 shares for roughly $1.4 million.

Corient Private Wealth LP acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,125 shares of the aerospace company's stock, valued at approximately $5,779,000.

A number of other large investors have also recently made changes to their positions in LDOS. Bank of America Corp DE bought a new position in shares of Leidos in the second quarter valued at $77,623,000. Strategic Global Advisors LLC increased its position in shares of Leidos by 8.2% during the second quarter. Strategic Global Advisors LLC now owns 62,718 shares of the aerospace company's stock worth $6,458,000 after acquiring an additional 4,730 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of Leidos in the 2nd quarter worth about $1,617,000. Hsbc Holdings PLC lifted its position in Leidos by 47.5% in the 2nd quarter. Hsbc Holdings PLC now owns 415,545 shares of the aerospace company's stock valued at $42,411,000 after acquiring an additional 133,836 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Leidos by 28.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 39,808 shares of the aerospace company's stock valued at $4,099,000 after acquiring an additional 8,818 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Insider Activity at Leidos

In related news, Director Noel B. Geer sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were 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. The trade was a 22.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LDOS shares. Robert W. Baird set a $150.00 price objective on Leidos in a report on Wednesday, August 5th. Weiss Ratings lowered Leidos from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 8th. Bank of America reaffirmed a "neutral" rating and set a $125.00 target price (down from $200.00) on shares of Leidos in a research report on Wednesday, June 17th. UBS Group increased their price target on Leidos from $124.00 to $138.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Finally, BNP Paribas Exane increased their price target on Leidos from $165.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. One 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's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $162.93.

Leidos Stock Performance

LDOS stock opened at $140.73 on Tuesday. 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 firm has a market cap of $17.66 billion, a PE ratio of 13.13, a P/E/G ratio of 2.05 and a beta of 0.52. The business has a 50 day moving average of $120.61 and a 200-day moving average of $138.65. Leidos Holdings, Inc. has a 12-month low of $98.86 and a 12-month high of $205.77.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $3.26 EPS for the quarter, topping 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 business had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the company posted $3.21 earnings per share. Leidos's quarterly revenue was up 7.2% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. As a group, sell-side analysts expect that Leidos Holdings, Inc. will post 12.38 earnings per share for the current year.

Leidos declared that its board has authorized a share buyback 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. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Leidos Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 15th. Leidos's payout ratio is presently 16.04%.

About Leidos

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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