Noel Geer Sells 10,000 Shares of Leidos (NYSE:LDOS) Stock

Leidos Holdings, Inc. (NYSE:LDOS) Director Noel Geer sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director owned 34,274 shares of the company’s stock, valued at $4,820,980.84. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Leidos Stock Performance

LDOS stock opened at $143.89 on Friday. The firm has a market cap of $18.06 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 2.08 and a beta of 0.52. The firm has a 50-day simple moving average of $115.03 and a two-hundred day simple moving average of $142.76. Leidos Holdings, Inc. has a one year low of $98.86 and a one year high of $205.77. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.60 and a current ratio of 1.63.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.35. The firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.44 billion. Leidos had a net margin of 7.80% and a return on equity of 30.81%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. 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. On average, equities analysts forecast that Leidos Holdings, Inc. will post 12.38 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Leidos’s payout ratio is currently 16.04%.

Leidos announced that its Board of Directors has approved a stock repurchase plan on Friday, July 31st that allows the company to buyback 20,000,000 shares. This buyback authorization allows the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Leidos during the second quarter worth about $1,024,436,000. State Street Corp increased its holdings in Leidos by 3.7% in the 4th quarter. State Street Corp now owns 6,022,359 shares of the aerospace company’s stock worth $1,086,434,000 after buying an additional 217,141 shares during the period. Diamant Asset Management Inc. increased its holdings in Leidos by 16,475.4% in the 1st quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company’s stock worth $646,463,000 after buying an additional 4,131,706 shares during the period. Geode Capital Management LLC raised its position in Leidos by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 3,538,488 shares of the aerospace company’s stock worth $636,097,000 after buying an additional 64,909 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Leidos by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,859,616 shares of the aerospace company’s stock valued at $289,193,000 after acquiring an additional 47,542 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on LDOS shares. UBS Group upped their target price on Leidos from $124.00 to $138.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. dropped their price target on Leidos from $210.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Robert W. Baird set a $150.00 price objective on shares of Leidos in a report on Wednesday, August 5th. Bank of America reaffirmed a “neutral” rating and issued 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 lifted their target price 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 investment 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 presently has an average rating of “Hold” and a consensus price target of $160.27.

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.