HighTower Advisors LLC Has $14.06 Million Stock Holdings in Leidos Holdings, Inc. $LDOS

HighTower Advisors LLC grew its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 11.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 136,582 shares of the aerospace company's stock after acquiring an additional 14,165 shares during the period. HighTower Advisors LLC owned 0.11% of Leidos worth $14,064,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LDOS. Longview Financial Advisors Inc. acquired a new position in shares of Leidos during the 1st quarter worth $26,000. Hantz Financial Services Inc. boosted its holdings in Leidos by 94.7% in the fourth quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company's stock worth $27,000 after purchasing an additional 72 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in Leidos during the fourth quarter worth $28,000. Kelleher Financial Advisors acquired a new position in Leidos during the second quarter worth $28,000. Finally, Wexford Capital LP bought a new position in Leidos during the third quarter valued at about $32,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Leidos

In other news, Director Noel B. Geer sold 10,000 shares of the company's stock in a transaction on 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 transaction, the director owned 34,274 shares of the company's stock, 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 link. Also, Director Gary May sold 1,000 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $140.85, for a total transaction of $140,850.00. Following the transaction, the director owned 10,204 shares in the company, valued at approximately $1,437,233.40. The trade was a 8.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.77% of the company's stock.

Leidos Stock Down 0.6%

LDOS opened at $128.40 on Thursday. The company has a market capitalization of $16.11 billion, a P/E ratio of 11.98, a P/E/G ratio of 1.43 and a beta of 0.56. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.60. The firm's fifty day moving average price is $124.82 and its two-hundred day moving average price is $136.70. Leidos Holdings, Inc. has a fifty-two week low of $98.86 and a fifty-two week high of $205.77.

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, topping 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 business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the company earned $3.21 EPS. Leidos's revenue was up 7.2% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. On average, analysts anticipate that Leidos Holdings, Inc. will post 12.38 EPS for the current year.

Leidos declared that its Board of Directors has initiated a stock repurchase plan on Friday, July 31st that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Leidos's payout ratio is currently 16.04%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Royal Bank Of Canada cut their price objective on Leidos from $180.00 to $170.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 5th. BNP Paribas Exane lifted their price target on shares of Leidos from $165.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Leidos in a report on Friday, September 4th. Robert W. Baird set a $150.00 target price on shares of Leidos in a research note on Wednesday, August 5th. Finally, Citigroup lifted their target price on shares of Leidos from $138.00 to $161.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. One equities research 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. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $162.93.

Leidos Company Profile

Leidos Holdings, Inc NYSE: LDOS is a technology, engineering and services company that supports government and commercial customers in the defense, intelligence, civil and health markets. The company provides mission-critical solutions involving information technology, cybersecurity, data analytics, artificial intelligence, systems integration, engineering and scientific research.

Its defense and intelligence activities include command-and-control systems, mission software, surveillance and reconnaissance solutions, logistics, aircraft and weapons systems support, and national security services.

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