Nykredit A S Purchases Shares of 41,004 Leidos Holdings, Inc. $LDOS

Key Points

• Nykredit A/S acquired 41,004 Leidos shares in the second quarter, worth approximately $4.22 million. Institutional investors collectively own 76.12% of the company.
• Leidos exceeded quarterly expectations, reporting $3.26 in adjusted EPS and $4.56 billion in revenue, up 7.2% year over year. The company also authorized a repurchase of up to 20 million shares.
• Analyst sentiment remains mixed: Leidos has a consensus “Hold” rating and an average price target of $163.60, while recent analysts have both lowered and raised their targets. Shares opened at $123.54, and the company announced a quarterly dividend of $0.43 per share.

Nykredit A S acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 41,004 shares of the aerospace company's stock, valued at approximately $4,222,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Leidos in the 2nd quarter valued at approximately $1,024,436,000. Diamant Asset Management Inc. raised its stake in Leidos by 16,475.4% in 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 buying an additional 4,131,706 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Leidos by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 3,538,488 shares of the aerospace company's stock worth $636,097,000 after buying an additional 64,909 shares during the last quarter. Norges Bank acquired a new position in shares of Leidos during the 4th quarter worth about $318,839,000. Finally, Dimensional Fund Advisors LP raised its holdings in Leidos by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,859,616 shares of the aerospace company's stock worth $289,193,000 after purchasing an additional 47,542 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

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Insider Buying and Selling at Leidos

In other news, Director Noel B. Geer sold 10,000 shares of the 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 owned 34,274 shares in the company, valued at $4,820,980.84. This trade represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary May sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $140.85, for a total transaction of $140,850.00. Following the completion of the sale, the director owned 10,204 shares of the company's stock, valued at $1,437,233.40. This trade represents a 8.93% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LDOS shares. JPMorgan Chase & Co. cut their price target on shares of Leidos from $210.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, July 13th. The Goldman Sachs Group decreased their price objective on shares of Leidos from $152.00 to $132.00 and set a "neutral" rating for the company in a research note on Wednesday, August 12th. Wall Street Zen upgraded Leidos from a "hold" rating to a "buy" rating in a research report on Thursday, July 16th. Truist Financial reduced their target price on Leidos from $195.00 to $160.00 and set a "buy" rating for the company in a report on Friday, July 10th. Finally, BNP Paribas Exane upped their target price on Leidos from $165.00 to $175.00 and gave the company an "outperform" rating 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 given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $163.60.

Leidos Price Performance

Shares of LDOS opened at $123.54 on Wednesday. Leidos Holdings, Inc. has a twelve month low of $98.86 and a twelve month high of $205.77. The stock's 50 day moving average is $128.66 and its two-hundred day moving average is $133.77. The firm has a market capitalization of $15.50 billion, a PE ratio of 11.52, a P/E/G ratio of 1.44 and a beta of 0.56. 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 earnings results on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $4.44 billion. During the same quarter in the previous year, the firm posted $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. Research analysts anticipate that Leidos Holdings, Inc. will post 12.28 earnings per share for the current year.

Leidos declared that its board has authorized a stock repurchase plan on Friday, July 31st that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.43 dividend. 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 1.4%. Leidos's dividend payout ratio (DPR) is 16.04%.

Leidos Profile

Leidos Holdings, Inc NYSE: LDOS is a technology, engineering and services company that supports government and commercial customers in the defense, intelligence, civil and health markets. The company provides mission-critical solutions involving information technology, cybersecurity, data analytics, artificial intelligence, systems integration, engineering and scientific research.

Its defense and intelligence activities include command-and-control systems, mission software, surveillance and reconnaissance solutions, logistics, aircraft and weapons systems support, and national security services.

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