Fifth Third Bancorp Has $9.51 Million Position in Leidos Holdings, Inc. $LDOS

Fifth Third Bancorp boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1,861.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,123 shares of the aerospace company’s stock after acquiring an additional 58,006 shares during the period. Fifth Third Bancorp’s holdings in Leidos were worth $9,506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Simplicity Wealth LLC lifted its position in shares of Leidos by 105.6% during the 1st quarter. Simplicity Wealth LLC now owns 2,512 shares of the aerospace company’s stock valued at $391,000 after acquiring an additional 1,290 shares during the period. Candriam S.C.A. bought a new position in shares of Leidos in the first quarter worth $948,000. Sequoia Financial Advisors LLC raised its stake in Leidos by 28.6% in the first quarter. Sequoia Financial Advisors LLC now owns 4,810 shares of the aerospace company’s stock valued at $748,000 after purchasing an additional 1,070 shares in the last quarter. Cedar Mountain Advisors LLC raised its stake in Leidos by 5,620.0% in the first quarter. Cedar Mountain Advisors LLC now owns 286 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 281 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Leidos by 31.1% during the first quarter. Hsbc Holdings PLC now owns 281,709 shares of the aerospace company’s stock worth $43,820,000 after purchasing an additional 66,839 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LDOS shares. Wall Street Zen upgraded shares of Leidos from a “hold” rating to a “buy” rating in a research note on Thursday. The Goldman Sachs Group cut their price target on shares of Leidos from $171.00 to $152.00 and set a “neutral” rating for the company in a report on Tuesday. Citigroup reduced their price target on shares of Leidos from $178.00 to $138.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Stifel Nicolaus decreased their price objective on shares of Leidos from $205.00 to $193.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company set a $125.00 price objective on shares of Leidos in a research report on Wednesday, June 17th. 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 company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $163.80.

Insider Activity

In other news, Director Gary Stephen May sold 1,484 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $132.75, for a total transaction of $197,001.00. Following the completion of the transaction, the director directly owned 10,137 shares in the company, valued at approximately $1,345,686.75. This represents a 12.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.77% of the company’s stock.

Leidos Stock Up 1.6%

LDOS stock opened at $108.22 on Thursday. The firm has a 50-day moving average price of $117.02 and a 200-day moving average price of $153.10. Leidos Holdings, Inc. has a 12 month low of $98.86 and a 12 month high of $205.77. 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 $13.61 billion, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 1.56 and a beta of 0.54.

Leidos (NYSE:LDOS) last announced its quarterly 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 company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.28 billion. Leidos had a net margin of 8.15% and a return on equity of 31.92%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.97 EPS. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, equities research analysts anticipate that Leidos Holdings, Inc. will post 12.3 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, June 15th. Leidos’s payout ratio is presently 15.75%.

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.