Leidos Holdings, Inc. $LDOS Shares Sold by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management reduced its Leidos stake by 80.6% in the second quarter, selling 296,133 shares and retaining 71,234 shares worth approximately $7.3 million. Institutional investors and hedge funds collectively own 76.12% of LDOS.
• Leidos reported quarterly earnings of $3.26 per share, exceeding estimates of $2.91, while revenue rose 7.2% year over year to $4.56 billion. The company reaffirmed fiscal 2026 EPS guidance of $12.20–$12.50.
• The company declared a quarterly dividend of $0.43 per share and authorized a 20 million-share repurchase plan. Analysts maintain a consensus “Hold” rating, with an average price target of $160.27.

Wedge Capital Management L L P NC cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 80.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,234 shares of the aerospace company's stock after selling 296,133 shares during the quarter. Wedge Capital Management L L P NC owned about 0.06% of Leidos worth $7,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LDOS. Bryn Mawr Trust Advisors LLC lifted its position in Leidos by 4.8% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 1,337 shares of the aerospace company's stock valued at $241,000 after buying an additional 61 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in Leidos by 19.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 381 shares of the aerospace company's stock worth $69,000 after buying an additional 62 shares during the period. Keybank National Association OH increased its position in shares of 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 acquiring an additional 65 shares during the last quarter. N.E.W. Advisory Services LLC increased its position in shares of Leidos by 17.2% during the fourth quarter. N.E.W. Advisory Services LLC now owns 469 shares of the aerospace company's stock valued at $85,000 after acquiring an additional 69 shares during the last quarter. Finally, Glenmede Investment Management LP raised its stake in shares of Leidos by 3.2% in the 3rd quarter. Glenmede Investment Management LP now owns 2,240 shares of the aerospace company's stock valued at $423,000 after acquiring an additional 69 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Price Performance

Leidos stock opened at $140.48 on Thursday. The firm has a market cap of $17.63 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 2.05 and a beta of 0.52. Leidos Holdings, Inc. has a 52-week low of $98.86 and a 52-week high of $205.77. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The company's 50 day moving average is $114.28 and its two-hundred day moving average is $143.09.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.91 by $0.35. Leidos had a net margin of 7.80% and a return on equity of 30.81%. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the firm posted $3.21 earnings per share. The company's quarterly revenue was up 7.2% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. On average, research analysts expect that Leidos Holdings, Inc. will post 12.38 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.43 dividend. The ex-dividend date 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 (DPR) is 16.04%.

Leidos announced that its board has initiated a share repurchase plan on Friday, July 31st that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have recently commented on LDOS shares. TD Cowen upped their price objective on shares of Leidos from $115.00 to $135.00 and gave the stock a "hold" rating in a report on Friday, August 7th. Wells Fargo & Company set a $125.00 target price on shares of Leidos in a report on Wednesday, June 17th. Weiss Ratings lowered Leidos from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, June 8th. JPMorgan Chase & Co. decreased their price target on Leidos from $210.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, July 13th. Finally, Wall Street Zen upgraded Leidos from a "hold" rating to a "buy" rating in a research report on Thursday, July 16th. One equities research 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. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $160.27.

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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