Legal & General Group Plc reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 1.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 731,402 shares of the aerospace company's stock after selling 13,206 shares during the quarter. Legal & General Group Plc owned approximately 0.58% of Leidos worth $75,312,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in LDOS. Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 worth $4,099,000 after acquiring an additional 8,818 shares during the last quarter. Kendall Capital Management raised its stake in shares of Leidos by 36.5% during the second quarter. Kendall Capital Management now owns 10,565 shares of the aerospace company's stock valued at $1,088,000 after acquiring an additional 2,825 shares during the last quarter. Commerce Bank raised its stake in shares of Leidos by 7.8% during the second quarter. Commerce Bank now owns 5,721 shares of the aerospace company's stock valued at $589,000 after acquiring an additional 413 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Leidos by 10.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,337 shares of the aerospace company's stock worth $653,000 after purchasing an additional 582 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in shares of Leidos by 4.3% during the second quarter. Gabelli Funds LLC now owns 11,965 shares of the aerospace company's stock worth $1,232,000 after purchasing an additional 495 shares during the period. Hedge funds and other institutional investors own 76.12% of the company's stock.
Leidos Stock Performance
Shares of LDOS opened at $139.85 on Friday. The company has a 50-day simple moving average of $119.23 and a two-hundred day simple moving average of $139.41. 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 has a market capitalization of $17.55 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.00 and a beta of 0.52. Leidos Holdings, Inc. has a one year low of $98.86 and a one year 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 earnings per share 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 firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the business earned $3.21 EPS. The business's revenue for the quarter 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 fiscal year.
Leidos Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Leidos's dividend payout ratio is presently 16.04%.
Leidos announced that its board has authorized a share buyback program on Friday, July 31st that allows the company to repurchase 20,000,000 outstanding shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on LDOS shares. Wells Fargo & Company set a $165.00 price objective on Leidos in a report on Monday, August 17th. Robert W. Baird set a $150.00 target price on Leidos in a research note on Wednesday, August 5th. Bank of America restated a "neutral" rating and set a $125.00 target price (down from $200.00) on shares of Leidos in a report on Wednesday, June 17th. Stifel Nicolaus dropped their price target on Leidos from $205.00 to $193.00 and set a "hold" rating for the company in a research note on Wednesday, May 6th. Finally, TD Cowen lifted their price target on shares of Leidos from $115.00 to $135.00 and gave the company a "hold" rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $162.93.
Read Our Latest Report on Leidos
Insider Transactions at Leidos
In other Leidos news, Director Noel B. Geer sold 10,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was 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 owned 34,274 shares in the company, valued at approximately $4,820,980.84. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.77% of the company's stock.
Leidos Profile
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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.
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