Thrivent Financial for Lutherans Sells 157,353 Shares of Leidos Holdings, Inc. $LDOS

Thrivent Financial for Lutherans lowered its position in Leidos Holdings, Inc. (NYSE:LDOS) by 26.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 435,182 shares of the aerospace company’s stock after selling 157,353 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Leidos were worth $78,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. State Street Corp lifted its position in shares of Leidos by 1.4% in the third quarter. State Street Corp now owns 5,805,218 shares of the aerospace company’s stock valued at $1,096,954,000 after acquiring an additional 78,534 shares in the last quarter. Van ECK Associates Corp increased its position in Leidos by 6.4% in the third quarter. Van ECK Associates Corp now owns 2,411,312 shares of the aerospace company’s stock worth $455,642,000 after purchasing an additional 145,826 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Leidos by 1.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,221,518 shares of the aerospace company’s stock worth $419,778,000 after purchasing an additional 39,378 shares during the last quarter. Alliancebernstein L.P. increased its position in Leidos by 26.0% in the third quarter. Alliancebernstein L.P. now owns 1,926,646 shares of the aerospace company’s stock worth $364,059,000 after purchasing an additional 397,385 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Leidos by 8.2% in the third quarter. AQR Capital Management LLC now owns 1,551,547 shares of the aerospace company’s stock worth $290,403,000 after purchasing an additional 117,835 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Down 1.6%

Shares of NYSE LDOS opened at $123.52 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $15.54 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 1.60 and a beta of 0.56. The stock’s fifty day simple moving average is $154.19 and its two-hundred day simple moving average is $175.60. Leidos Holdings, Inc. has a 12-month low of $121.53 and a 12-month high of $205.77.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.25. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.97 EPS. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, analysts expect that Leidos Holdings, Inc. will post 12.25 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 15th. Leidos’s dividend payout ratio (DPR) is 15.75%.

Analyst Ratings Changes

Several brokerages recently weighed in on LDOS. Wells Fargo & Company began coverage on shares of Leidos in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $165.00 price target on the stock. Citigroup reduced their price target on shares of Leidos from $232.00 to $178.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Wall Street Zen cut shares of Leidos from a “buy” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus lowered their price objective on Leidos from $205.00 to $193.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Finally, Weiss Ratings lowered Leidos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Leidos presently has an average rating of “Moderate Buy” and a consensus target price of $193.64.

Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 1,484 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $132.75, for a total value of $197,001.00. Following the completion of the sale, the director owned 10,137 shares of the company’s stock, valued at $1,345,686.75. This trade represents a 12.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elizabeth A. Porter sold 2,000 shares of the firm’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $158.78, for a total value of $317,560.00. Following the completion of the sale, the insider directly owned 49,476 shares of the company’s stock, valued at $7,855,799.28. The trade was a 3.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.77% of the stock is currently owned by company insiders.

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.