VIRGINIA RETIREMENT SYSTEMS ET Al Invests $11.19 Million in Leidos Holdings, Inc. $LDOS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 108,650 shares of the aerospace company's stock, valued at approximately $11,188,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.09% of Leidos at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Focus Partners Wealth increased its position in Leidos by 46.5% in the 1st quarter. Focus Partners Wealth now owns 3,073 shares of the aerospace company's stock valued at $415,000 after acquiring an additional 976 shares during the period. Marshall Wace LLP grew its stake in shares of Leidos by 86.3% in the second quarter. Marshall Wace LLP now owns 14,250 shares of the aerospace company's stock worth $2,248,000 after purchasing an additional 6,600 shares during the last quarter. Cresset Asset Management LLC grew its stake in shares of Leidos by 2.7% in the second quarter. Cresset Asset Management LLC now owns 3,399 shares of the aerospace company's stock worth $536,000 after purchasing an additional 90 shares during the last quarter. Cerity Partners LLC increased its holdings in Leidos by 20.2% in the second quarter. Cerity Partners LLC now owns 41,405 shares of the aerospace company's stock valued at $6,532,000 after purchasing an additional 6,962 shares during the period. Finally, Natixis raised its position in Leidos by 222.3% during the 2nd quarter. Natixis now owns 8,155 shares of the aerospace company's stock worth $1,287,000 after purchasing an additional 5,625 shares during the last quarter. Institutional investors own 76.12% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. TD Cowen reaffirmed a "hold" rating and set a $135.00 target price on shares of Leidos in a report on Tuesday. UBS Group raised their price objective on Leidos from $124.00 to $138.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Citigroup lifted their price objective on Leidos from $138.00 to $161.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. The Goldman Sachs Group reduced their target price on Leidos from $152.00 to $132.00 and set a "neutral" rating on the stock in a report on Wednesday, August 12th. Finally, Robert W. Baird set a $150.00 target price on shares of Leidos in a research report on Wednesday, August 5th. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $162.93.

Insider Buying and Selling

In other news, Director Gary May sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $140.85, for a total transaction of $140,850.00. Following the transaction, the director directly owned 10,204 shares of the company's stock, valued at $1,437,233.40. This represents a 8.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Noel Geer sold 10,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was 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 approximately $4,820,980.84. This represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by corporate insiders.

Leidos Price Performance

LDOS stock opened at $129.41 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.60. The company's 50-day moving average is $124.32 and its 200-day moving average is $137.03. The stock has a market capitalization of $16.24 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.48 and a beta of 0.56. Leidos Holdings, Inc. has a 1 year low of $98.86 and a 1 year 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 EPS for the quarter, beating analysts' consensus estimates of $2.91 by $0.35. The business had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.44 billion. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The firm's revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.21 EPS. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Equities research analysts expect that Leidos Holdings, Inc. will post 12.38 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. Leidos's payout ratio is currently 16.04%.

Leidos declared that its Board of Directors has initiated a share repurchase plan on Friday, July 31st that allows the company to buyback 20,000,000 shares. This buyback authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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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