Jupiter Topco LLC Takes Position in Leidos Holdings, Inc. $LDOS

Jupiter Topco 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 Securities and Exchange Commission (SEC). The firm acquired 15,708 shares of the aerospace company's stock, valued at approximately $1,617,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LDOS. BlackRock Inc. acquired a new position in shares of Leidos in the 2nd quarter worth approximately $1,024,436,000. Diamant Asset Management Inc. increased 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 worth $646,463,000 after buying an additional 4,131,706 shares during the period. Norges Bank bought a new position in Leidos during the fourth quarter worth $318,839,000. SG Americas Securities LLC raised its stake in Leidos by 998.6% during the first quarter. SG Americas Securities LLC now owns 1,097,724 shares of the aerospace company's stock worth $170,718,000 after buying an additional 997,807 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in Leidos in the second quarter valued at $68,998,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LDOS. Citigroup boosted their price objective on Leidos from $138.00 to $161.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. lowered their target price on Leidos from $210.00 to $160.00 and set an "overweight" rating for the company in a report on Monday, July 13th. TD Cowen boosted their price target on Leidos from $115.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Leidos from a "hold" rating to a "buy" rating in a research report on Thursday, July 16th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $145.00 target price on shares of Leidos in a research report on Sunday, August 9th. 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. Based on data from MarketBeat, Leidos has an average rating of "Hold" and a consensus target price of $162.93.

Insiders Place Their Bets

In other news, Director Gary May sold 1,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $140.85, for a total value of $140,850.00. Following the completion of the sale, the director owned 10,204 shares in the company, valued at $1,437,233.40. This represents a 8.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Noel Geer sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by insiders.

Leidos Trading Up 0.6%

LDOS opened at $133.19 on Friday. Leidos Holdings, Inc. has a fifty-two week low of $98.86 and a fifty-two week high of $205.77. The firm has a market capitalization of $16.71 billion, a PE ratio of 12.42, a P/E/G ratio of 1.47 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 company's 50-day moving average is $123.14 and its 200 day moving average is $137.80.

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, topping analysts' consensus estimates of $2.91 by $0.35. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.44 billion. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The company's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.21 EPS. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. As a group, research analysts predict that Leidos Holdings, Inc. will post 12.38 earnings per share for the current fiscal year.

Leidos Dividend Announcement

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

Leidos announced that its Board of Directors has approved a share buyback plan on Friday, July 31st that allows the company to buyback 20,000,000 shares. This buyback authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

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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