Empowered Funds LLC purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 241,425 shares of the aerospace company's stock, valued at approximately $24,860,000. Empowered Funds LLC owned about 0.19% of Leidos at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Leidos during the second quarter valued at about $1,024,436,000. State Street Corp lifted its stake in shares of Leidos by 3.7% during the 4th quarter. State Street Corp now owns 6,022,359 shares of the aerospace company's stock valued at $1,086,434,000 after buying an additional 217,141 shares in the last quarter. Diamant Asset Management Inc. boosted its holdings in Leidos by 16,475.4% in 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 during the period. Geode Capital Management LLC boosted its holdings in Leidos by 1.9% in 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 during the period. Finally, Dimensional Fund Advisors LP grew its stake in Leidos by 2.6% in the 1st 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 in the last quarter. Institutional investors own 76.12% of the company's stock.
Leidos Price Performance
LDOS opened at $139.85 on Friday. The stock has a 50-day moving average price of $119.23 and a 200-day moving average price of $139.41. Leidos Holdings, Inc. has a 12-month low of $98.86 and a 12-month high of $205.77. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $17.55 billion, a P/E ratio of 13.05, a PEG ratio of 2.00 and a beta of 0.52.
Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, August 4th. The aerospace company reported $3.26 EPS for the quarter, beating the consensus estimate 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 net margin of 7.80% and a return on equity of 30.81%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $3.21 EPS. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Equities analysts predict that Leidos Holdings, Inc. will post 12.38 earnings per share for the current fiscal year.
Leidos announced that its board has authorized a share repurchase plan on Friday, July 31st that authorizes the company to buyback 20,000,000 shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is 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 issued a $0.43 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.72 annualized dividend and a dividend yield of 1.2%. Leidos's payout ratio is currently 16.04%.
Insider Buying and Selling at Leidos
In related 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.77% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on LDOS shares. Truist Financial dropped their target price on Leidos from $195.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, July 10th. The Goldman Sachs Group decreased their price objective on Leidos from $152.00 to $132.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 12th. Robert W. Baird set a $150.00 price objective on Leidos in a report on Wednesday, August 5th. Weiss Ratings downgraded Leidos from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, June 8th. Finally, Royal Bank Of Canada decreased their price target on Leidos from $180.00 to $170.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 5th. One equities research 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 stock. Based on data from MarketBeat.com, Leidos presently has an average rating of "Hold" and a consensus target price of $162.93.
Check Out Our Latest Research Report on LDOS
Leidos Profile
(
Free Report)
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.
See Also
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