UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Leidos Holdings, Inc. $LDOS

Key Points

• UBS Asset Management increased its Leidos position by 16.8% in the second quarter, adding 144,716 shares to own 1,004,347 shares valued at approximately $103.4 million. Institutional investors collectively own 76.12% of the company.
• Leidos exceeded quarterly expectations with adjusted EPS of $3.26 versus the $2.91 consensus and revenue of $4.56 billion, up 7.2% year over year. The company also authorized a buyback of up to 20 million shares and declared a quarterly dividend of $0.43.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a consensus price target of $162.93. Recent targets range from $125 to $175, while Leidos shares recently opened at $138.86.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 16.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,004,347 shares of the aerospace company's stock after buying an additional 144,716 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.80% of Leidos worth $103,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Leidos during the second quarter worth approximately $1,024,436,000. State Street Corp boosted its stake in shares of Leidos by 3.7% in the 4th 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. grew its holdings in shares of Leidos by 16,475.4% during the 1st 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 during the last quarter. Geode Capital Management LLC raised its position in Leidos by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 3,538,488 shares of the aerospace company's stock worth $636,097,000 after purchasing an additional 64,909 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Leidos by 2.6% in the 1st 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 during the period. 76.12% of the stock is currently owned by institutional investors.

Leidos Stock Performance

Shares of NYSE:LDOS opened at $138.86 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average price of $121.27 and a 200-day moving average price of $138.41. The company has a market cap of $17.43 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 2.04 and a beta of 0.56. Leidos Holdings, Inc. has a 12 month low of $98.86 and a 12 month 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 (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 period last year, the firm earned $3.21 earnings per share. Leidos'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. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 12.38 EPS for the current year.

Leidos announced that its Board of Directors has approved a stock buyback program on Friday, July 31st that authorizes the company to repurchase 20,000,000 shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 15th. Leidos's dividend payout ratio (DPR) is currently 16.04%.

Insider Activity

In related news, Director Noel B. Geer sold 10,000 shares of the company's stock in a transaction that occurred 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 $4,820,980.84. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.77% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on LDOS shares. Bank of America restated a "neutral" rating and set a $125.00 price target (down from $200.00) on shares of Leidos in a research report on Wednesday, June 17th. Weiss Ratings lowered Leidos from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, June 8th. Jefferies Financial Group restated a "hold" rating and set a $145.00 target price on shares of Leidos in a report on Sunday, August 9th. JPMorgan Chase & Co. reduced their price target on Leidos from $210.00 to $160.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Finally, BNP Paribas Exane boosted their price objective on Leidos from $165.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Leidos currently has an average rating of "Hold" and a consensus price target of $162.93.

Leidos Profile

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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