Wealthfront Advisers LLC acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,174 shares of the aerospace company's stock, valued at approximately $842,000.
Several other institutional investors also recently modified their holdings of LDOS. 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 during the period. Goldman Sachs Group Inc. boosted its stake in shares of Leidos by 1.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,421,634 shares of the aerospace company's stock worth $256,463,000 after acquiring an additional 22,013 shares during the period. New Age Alpha Advisors LLC increased its holdings in shares of Leidos by 25,505.4% during the 4th quarter. New Age Alpha Advisors LLC now owns 42,505 shares of the aerospace company's stock worth $7,668,000 after acquiring an additional 42,339 shares during the last quarter. Norges Bank acquired a new position in shares of Leidos during the 4th quarter worth approximately $318,839,000. Finally, Empowered Funds LLC raised its stake in Leidos by 169.0% in the 1st quarter. Empowered Funds LLC now owns 144,847 shares of the aerospace company's stock valued at $22,527,000 after acquiring an additional 90,991 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.
Leidos Stock Performance
LDOS opened at $141.84 on Friday. 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 business has a fifty day simple moving average of $117.10 and a 200 day simple moving average of $141.19. Leidos Holdings, Inc. has a 1 year low of $98.86 and a 1 year high of $205.77. The company has a market capitalization of $17.80 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 2.06 and a beta of 0.52.
Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.35. The firm had revenue of $4.56 billion for the quarter, compared to analysts' expectations of $4.44 billion. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.21 EPS. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Research analysts expect that Leidos Holdings, Inc. will post 12.38 EPS for the current year.
Leidos declared that its Board of Directors has approved a stock buyback program on Friday, July 31st that allows the company to buyback 20,000,000 outstanding shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.
Leidos Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Leidos's dividend payout ratio (DPR) is currently 16.04%.
Insiders Place Their Bets
In other Leidos news, Director Noel B. Geer sold 10,000 shares of Leidos 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 sale, the director owned 34,274 shares in the company, valued at $4,820,980.84. The trade was a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
LDOS has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price objective on shares of Leidos from $205.00 to $193.00 and set a "hold" rating for the company in a research report on Wednesday, May 6th. Citigroup increased their price objective on shares of Leidos from $138.00 to $161.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. Robert W. Baird set a $150.00 target price on shares of Leidos in a research note on Wednesday, August 5th. UBS Group lifted their target price on shares of Leidos from $124.00 to $138.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Finally, TD Cowen upped their price target on shares of Leidos from $115.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, August 7th. 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 stock. According to MarketBeat.com, Leidos currently has an average rating of "Hold" and an average price target of $162.93.
Read Our Latest Stock Report on Leidos
Leidos Company Profile
(
Free Report)
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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