Kingsview Wealth Management LLC Makes New $3.87 Million Investment in Leidos Holdings, Inc. $LDOS

Kingsview Wealth Management LLC acquired 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 filing with the Securities and Exchange Commission (SEC). The fund acquired 37,597 shares of the aerospace company's stock, valued at approximately $3,871,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Diamant Asset Management Inc. boosted its stake in Leidos by 16,475.4% during the 1st quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company's stock valued at $646,463,000 after purchasing an additional 4,131,706 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Leidos by 1.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,421,634 shares of the aerospace company's stock worth $256,463,000 after buying an additional 22,013 shares in the last quarter. New Age Alpha Advisors LLC raised its stake in shares of Leidos by 25,505.4% in the 4th quarter. New Age Alpha Advisors LLC now owns 42,505 shares of the aerospace company's stock worth $7,668,000 after buying an additional 42,339 shares in the last quarter. Norges Bank acquired a new stake in shares of Leidos in the fourth quarter valued at $318,839,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Leidos in the first quarter valued at $20,225,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Activity at Leidos

In other Leidos news, Director Noel B. 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 value of $1,406,600.00. Following the completion of the transaction, the director directly owned 34,274 shares in the company, valued at $4,820,980.84. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.77% of the stock is currently owned by insiders.

Leidos Stock Up 0.5%

Shares of Leidos stock opened at $140.59 on Friday. The stock's fifty day moving average is $119.90 and its 200-day moving average is $139.42. The firm has a market capitalization of $17.64 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 2.04 and a beta of 0.52. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. 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 announced 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 business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.44 billion. Leidos had a return on equity of 30.81% and a net margin of 7.80%.Leidos's revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.21 earnings per share. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Equities analysts anticipate that Leidos Holdings, Inc. will post 12.38 earnings per share for the current year.

Leidos announced that its Board of Directors has approved a stock buyback plan on Friday, July 31st that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Leidos Announces Dividend

The company 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 of this dividend is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a yield of 1.2%. Leidos's dividend payout ratio is currently 16.04%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LDOS shares. UBS Group lifted their target price on Leidos from $124.00 to $138.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Wells Fargo & Company set a $165.00 price target on shares of Leidos in a report on Monday, August 17th. Wall Street Zen upgraded shares of Leidos from a "hold" rating to a "buy" rating in a research report on Thursday, July 16th. Bank of America reaffirmed a "neutral" rating and issued a $125.00 price objective (down from $200.00) on shares of Leidos in a research note on Wednesday, June 17th. Finally, Weiss Ratings downgraded shares of Leidos from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 8th. 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. Based on data from MarketBeat, Leidos has a consensus rating of "Hold" and an average price target of $162.93.

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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