Public Employees Retirement System of Ohio Makes New $3.98 Million Investment in Leidos Holdings, Inc. $LDOS

Public Employees Retirement System of Ohio acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 38,656 shares of the aerospace company’s stock, valued at approximately $3,980,000.

Other hedge funds have also recently bought and sold shares of the company. Bryn Mawr Trust Advisors LLC lifted its holdings in Leidos by 4.8% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 1,337 shares of the aerospace company’s stock worth $241,000 after buying an additional 61 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Leidos by 19.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 381 shares of the aerospace company’s stock worth $69,000 after acquiring an additional 62 shares in the last quarter. Glenmede Investment Management LP increased its position in shares of Leidos by 3.2% during the third quarter. Glenmede Investment Management LP now owns 2,240 shares of the aerospace company’s stock worth $423,000 after acquiring an additional 69 shares during the period. HighPoint Advisor Group LLC raised its stake in shares of Leidos by 0.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 7,635 shares of the aerospace company’s stock valued at $1,377,000 after acquiring an additional 70 shares in the last quarter. Finally, 44 Wealth Management LLC raised its stake in shares of Leidos by 1.3% in the fourth quarter. 44 Wealth Management LLC now owns 5,570 shares of the aerospace company’s stock valued at $1,005,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

LDOS has been the subject of several analyst reports. BNP Paribas Exane boosted their target price on Leidos from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Bank of America reaffirmed a “neutral” rating and issued a $125.00 price target (down from $200.00) on shares of Leidos in a research report on Wednesday, June 17th. Robert W. Baird set a $150.00 price objective on Leidos in a research report on Wednesday, August 5th. Jefferies Financial Group restated a “hold” rating and set a $145.00 target price on shares of Leidos in a research note on Sunday, August 9th. Finally, Citigroup raised their target price on shares of Leidos from $138.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $162.93.

Leidos Trading Down 1.2%

NYSE:LDOS opened at $132.12 on Friday. Leidos Holdings, Inc. has a 1 year low of $98.86 and a 1 year high of $205.77. The stock has a market cap of $16.58 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.49 and a beta of 0.56. 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 stock has a 50-day simple moving average of $122.51 and a 200-day simple moving average of $137.83.

Leidos (NYSE:LDOS) last issued its earnings results 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. The business had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.44 billion. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $3.21 EPS. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. As a group, analysts anticipate that Leidos Holdings, Inc. will post 12.38 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 1.3%. Leidos’s dividend payout ratio (DPR) is presently 16.04%.

Leidos announced that its Board of Directors has initiated a share 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. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Leidos

In related news, Director Gary May sold 1,000 shares of Leidos 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 directly owned 10,204 shares in the company, valued at $1,437,233.40. This trade represents a 8.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Noel B. Geer sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the completion of the sale, the director directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is currently owned by 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.