Wellington Management Group LLP Acquires 12,034 Shares of Leidos Holdings, Inc. $LDOS

Key Points

• Wellington Management increased its Leidos stake by 48.2% in the second quarter, adding 12,034 shares to own 37,022 shares valued at approximately $3.8 million. Institutional investors collectively own 76.12% of LDOS.
• Leidos reported quarterly EPS of $3.26, exceeding estimates of $2.91, while revenue rose 7.2% year over year to $4.56 billion. The company also authorized a repurchase of up to 20 million shares.
• Analyst sentiment remains mixed, with an average rating of “Hold” and an average price target of $162.93, compared with the stock’s recent price of $128.40. Leidos declared a quarterly dividend of $0.43 per share, representing a 1.3% yield.

Wellington Management Group LLP lifted its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 48.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,022 shares of the aerospace company's stock after acquiring an additional 12,034 shares during the period. Wellington Management Group LLP's holdings in Leidos were worth $3,812,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Longview Financial Advisors Inc. bought a new stake in Leidos in the 1st quarter valued at about $26,000. Hantz Financial Services Inc. raised its position in shares of Leidos by 94.7% in the fourth quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company's stock valued at $27,000 after buying an additional 72 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Leidos in the fourth quarter valued at approximately $28,000. Kelleher Financial Advisors acquired a new stake in shares of Leidos in the second quarter valued at approximately $28,000. Finally, Wexford Capital LP bought a new stake in shares of Leidos in the third quarter valued at approximately $32,000. 76.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Leidos news, Director Gary May sold 1,000 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $140.85, for a total transaction of $140,850.00. Following the sale, the director owned 10,204 shares of the company's stock, valued at approximately $1,437,233.40. The trade was a 8.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Noel B. Geer sold 10,000 shares of the company's stock in a transaction 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 transaction, the director owned 34,274 shares of the company's stock, valued at $4,820,980.84. This trade represents a 22.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on LDOS shares. Truist Financial lowered their price objective on Leidos from $195.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, July 10th. Citigroup increased their target price on Leidos from $138.00 to $161.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Leidos in a research note on Friday, September 4th. Bank of America reaffirmed a "neutral" rating and set a $125.00 price objective (down from $200.00) on shares of Leidos in a research report on Wednesday, June 17th. Finally, BNP Paribas Exane increased their price objective on shares of Leidos from $165.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $162.93.

Leidos Trading Down 0.6%

Shares of LDOS opened at $128.40 on Thursday. Leidos Holdings, Inc. has a 52-week low of $98.86 and a 52-week high of $205.77. The business's fifty day moving average is $124.82 and its 200-day moving average is $136.70. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.60 and a current ratio of 1.63. The firm has a market cap of $16.11 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.43 and a beta of 0.56.

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 analysts' consensus estimates of $2.91 by $0.35. The company had revenue of $4.56 billion during 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%.Leidos's revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.21 EPS. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Equities analysts anticipate that Leidos Holdings, Inc. will post 12.38 EPS for the current fiscal year.

Leidos declared that its board has approved 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Leidos Announces Dividend

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

About Leidos

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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