Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 28.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,808 shares of the aerospace company's stock after buying an additional 8,818 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Leidos were worth $4,099,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Bryn Mawr Trust Advisors LLC raised its position in shares of Leidos by 4.8% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 1,337 shares of the aerospace company's stock valued at $241,000 after acquiring an additional 61 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Leidos by 19.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 381 shares of the aerospace company's stock worth $69,000 after purchasing an additional 62 shares during the period. Keybank National Association OH increased its stake in Leidos by 3.6% during the fourth quarter. Keybank National Association OH now owns 1,855 shares of the aerospace company's stock valued at $335,000 after purchasing an additional 65 shares during the last quarter. Glenmede Investment Management LP raised its holdings in shares of Leidos by 3.2% during the third quarter. Glenmede Investment Management LP now owns 2,240 shares of the aerospace company's stock worth $423,000 after purchasing an additional 69 shares during the period. Finally, HighPoint Advisor Group LLC raised its holdings in shares of Leidos by 0.9% during the fourth quarter. HighPoint Advisor Group LLC now owns 7,635 shares of the aerospace company's stock worth $1,377,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.
Insider Buying and Selling
In other Leidos news, Director Noel B. Geer sold 10,000 shares of the business'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 completion of the transaction, the director owned 34,274 shares in the company, valued at approximately $4,820,980.84. The trade was a 22.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.77% of the stock is currently owned by corporate insiders.
Leidos Price Performance
NYSE LDOS opened at $139.85 on Friday. The company has a 50-day moving average price of $119.23 and a two-hundred day moving average price of $139.41. Leidos Holdings, Inc. has a 52 week low of $98.86 and a 52 week high of $205.77. The stock has a market cap of $17.55 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 2.00 and a beta of 0.52. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.13.
Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.91 by $0.35. The company had revenue of $4.56 billion for the quarter, compared to analysts' expectations of $4.44 billion. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The business's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.21 earnings per share. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Analysts forecast that Leidos Holdings, Inc. will post 12.38 EPS for the current year.
Leidos declared that its Board of Directors has approved a share repurchase plan on Friday, July 31st that allows the company to buyback 20,000,000 outstanding shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.
Leidos Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 15th. Leidos's dividend payout ratio (DPR) is currently 16.04%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on LDOS. Wall Street Zen raised shares of Leidos from a "hold" rating to a "buy" rating in a research report on Thursday, July 16th. Citigroup lifted their target price on Leidos from $138.00 to $161.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. UBS Group increased their price target on Leidos from $124.00 to $138.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Jefferies Financial Group reissued a "hold" rating and issued a $145.00 price target on shares of Leidos in a report on Sunday, August 9th. Finally, The Goldman Sachs Group reduced their price objective on Leidos from $152.00 to $132.00 and set a "neutral" rating for the company in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $162.93.
Get Our Latest Report on Leidos
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.
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