Leidos Holdings, Inc. $LDOS Shares Sold by Clear Harbor Asset Management LLC

Key Points

• Clear Harbor Asset Management reduced its Leidos stake by 8.4% in the second quarter, selling 7,082 shares and retaining 77,336 shares valued at approximately $7.96 million. Institutional investors collectively own 76.12% of the company.
• Analyst sentiment remains mixed, with Leidos carrying a consensus “Hold” rating and an average price target of $162.93. Recent targets range from $132 to $165, while a company director also sold 10,000 shares.
• Leidos reported quarterly EPS of $3.26 and revenue of $4.56 billion, exceeding estimates, and authorized a 20-million-share repurchase program. The company also declared a quarterly dividend of $0.43 per share, representing a 1.2% annualized yield.

Clear Harbor Asset Management LLC trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,336 shares of the aerospace company's stock after selling 7,082 shares during the quarter. Clear Harbor Asset Management LLC owned approximately 0.06% of Leidos worth $7,963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Leidos in the 2nd quarter worth $1,024,436,000. State Street Corp lifted its holdings in Leidos by 3.7% during the fourth quarter. State Street Corp now owns 6,022,359 shares of the aerospace company's stock valued at $1,086,434,000 after purchasing an additional 217,141 shares in the last quarter. Diamant Asset Management Inc. lifted its holdings in 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 valued at $646,463,000 after purchasing an additional 4,131,706 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Leidos by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 3,538,488 shares of the aerospace company's stock valued at $636,097,000 after purchasing an additional 64,909 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Leidos by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,859,616 shares of the aerospace company's stock valued at $289,193,000 after purchasing an additional 47,542 shares during the period. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insiders Place Their Bets

In other Leidos news, Director Noel B. Geer sold 10,000 shares of the business'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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.77% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on LDOS shares. JPMorgan Chase & Co. cut their target price on shares of Leidos from $210.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, July 13th. Citigroup lifted their price objective on Leidos from $138.00 to $161.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Wells Fargo & Company set a $165.00 price objective on Leidos in a research note on Monday, August 17th. The Goldman Sachs Group reduced their target price on Leidos from $152.00 to $132.00 and set a "neutral" rating for the company in a report on Wednesday, August 12th. Finally, Robert W. Baird set a $150.00 target price on Leidos in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $162.93.

Leidos Stock Performance

NYSE LDOS opened at $141.84 on Friday. The stock's fifty day moving average is $117.10 and its two-hundred day moving average is $141.19. The firm has a market capitalization of $17.80 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 2.06 and a beta of 0.52. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.60 and a current ratio of 1.63. 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 issued its earnings results on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.56 billion during the quarter, compared to analysts' expectations of $4.44 billion. During the same period in the prior year, the business earned $3.21 EPS. The firm's quarterly 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, research analysts anticipate that Leidos Holdings, Inc. will post 12.38 earnings per share for the current year.

Leidos declared that its board has approved a share repurchase plan 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. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Leidos Announces Dividend

The company also recently announced 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 payout ratio is 16.04%.

About Leidos

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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