Leidos Holdings, Inc. (NYSE:LDOS – Get Free Report)’s share price hit a new 52-week low on Monday . The stock traded as low as $119.91 and last traded at $117.6330, with a volume of 92887 shares changing hands. The stock had previously closed at $122.16.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on LDOS. Citigroup lowered their target price on Leidos from $232.00 to $178.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Argus upgraded Leidos to a “strong-buy” rating in a research note on Tuesday, March 31st. Robert W. Baird lowered their target price on Leidos from $215.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. BNP Paribas Exane began coverage on Leidos in a research note on Wednesday, May 27th. They set an “outperform” rating and a $165.00 target price for the company. Finally, Stifel Nicolaus lowered their target price on Leidos from $205.00 to $193.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $187.50.
Read Our Latest Report on Leidos
Leidos Price Performance
Leidos (NYSE:LDOS – Get Free Report) last announced its quarterly earnings data 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. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the prior year, the firm posted $2.97 earnings per share. Leidos’s revenue for the quarter was up 3.7% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, research analysts anticipate that Leidos Holdings, Inc. will post 12.25 EPS for the current fiscal year.
Leidos Announces Dividend
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 paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, June 15th. Leidos’s payout ratio is presently 15.75%.
Insider Buying and Selling
In other Leidos news, insider Elizabeth A. Porter sold 2,000 shares of Leidos stock in a transaction that occurred 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 transaction, the insider directly owned 49,476 shares in the company, valued at $7,855,799.28. The trade was a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Stephen May sold 1,484 shares of Leidos stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $132.75, for a total value of $197,001.00. Following the completion of the transaction, the director owned 10,137 shares of the company’s stock, valued at approximately $1,345,686.75. The trade was a 12.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.77% of the company’s stock.
Hedge Funds Weigh In On Leidos
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. DV Trading LLC boosted its stake in Leidos by 300.0% in the first quarter. DV Trading LLC now owns 1,600 shares of the aerospace company’s stock valued at $249,000 after acquiring an additional 1,200 shares during the period. Glenmede Trust Co. NA increased its stake in shares of Leidos by 124.3% in the first quarter. Glenmede Trust Co. NA now owns 5,042 shares of the aerospace company’s stock valued at $784,000 after purchasing an additional 2,794 shares during the period. Western Wealth Management LLC acquired a new stake in Leidos in the 1st quarter valued at approximately $42,000. Arkadios Wealth Advisors increased its position in Leidos by 0.8% in the 1st quarter. Arkadios Wealth Advisors now owns 25,432 shares of the aerospace company’s stock valued at $3,955,000 after acquiring an additional 212 shares during the period. Finally, Amundi increased its position in Leidos by 5.0% in the 1st quarter. Amundi now owns 151,463 shares of the aerospace company’s stock valued at $23,556,000 after acquiring an additional 7,256 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.
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.
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