NewEdge Advisors LLC Decreases Holdings in Leidos Holdings, Inc. $LDOS

NewEdge Advisors LLC cut its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 40.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,622 shares of the aerospace company’s stock after selling 10,574 shares during the quarter. NewEdge Advisors LLC’s holdings in Leidos were worth $2,430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LDOS. Bryn Mawr Trust Advisors LLC raised its holdings in shares of Leidos by 4.8% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 1,337 shares of the aerospace company’s stock valued at $241,000 after buying an additional 61 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Leidos by 19.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 381 shares of the aerospace company’s stock valued at $69,000 after purchasing an additional 62 shares in the last quarter. Keybank National Association OH increased its stake in Leidos by 3.6% during the 4th quarter. Keybank National Association OH now owns 1,855 shares of the aerospace company’s stock worth $335,000 after buying an additional 65 shares during the period. N.E.W. Advisory Services LLC increased its stake in Leidos by 17.2% during the 4th quarter. N.E.W. Advisory Services LLC now owns 469 shares of the aerospace company’s stock worth $85,000 after buying an additional 69 shares during the period. Finally, Glenmede Investment Management LP lifted its holdings in Leidos by 3.2% in the 3rd quarter. Glenmede Investment Management LP now owns 2,240 shares of the aerospace company’s stock worth $423,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Buying and Selling at Leidos

In related news, Director Noel B. Geer sold 10,000 shares of the firm’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 value of $1,406,600.00. Following the sale, the director owned 34,274 shares of the company’s stock, valued at approximately $4,820,980.84. This trade represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Truist Financial decreased their price objective on shares of Leidos from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, July 10th. The Goldman Sachs Group dropped their target price on Leidos from $152.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday. Royal Bank Of Canada cut their price target on Leidos from $180.00 to $170.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reduced their price target on Leidos from $210.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Finally, Jefferies Financial Group restated a “hold” rating and set a $145.00 price objective on shares of Leidos in a research note on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Leidos currently has an average rating of “Hold” and a consensus price target of $160.27.

Leidos Trading Up 0.9%

NYSE LDOS opened at $143.89 on Friday. Leidos Holdings, Inc. has a one year low of $98.86 and a one year high of $205.77. The company has a 50-day simple moving average of $115.03 and a 200-day simple moving average of $142.76. 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 capitalization of $18.06 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 2.08 and a beta of 0.52.

Leidos (NYSE:LDOS) last released 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. Leidos had a net margin of 7.80% and a return on equity of 30.81%. The firm had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business 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. On average, equities analysts forecast that Leidos Holdings, Inc. will post 12.38 earnings per share for the current year.

Leidos announced that its board has approved a stock repurchase plan on Friday, July 31st that allows the company to repurchase 20,000,000 outstanding shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date is Tuesday, September 15th. Leidos’s dividend payout ratio is presently 16.04%.

Leidos Company 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.