Hsbc Holdings PLC raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS – Free Report) by 31.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 281,709 shares of the aerospace company’s stock after buying an additional 66,839 shares during the period. Hsbc Holdings PLC’s holdings in Leidos were worth $43,820,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Leidos by 3.7% in the fourth quarter. State Street Corp now owns 6,022,359 shares of the aerospace company’s stock worth $1,086,434,000 after purchasing an additional 217,141 shares during the last quarter. Diamant Asset Management Inc. lifted its holdings in Leidos by 16,475.4% during the 1st quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company’s stock valued at $646,463,000 after buying an additional 4,131,706 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 valued at $636,097,000 after buying an additional 64,909 shares in the last quarter. Norges Bank bought a new stake in Leidos during the 4th quarter valued at about $318,839,000. Finally, AQR Capital Management LLC boosted its position in Leidos by 8.2% in the 3rd quarter. AQR Capital Management LLC now owns 1,551,547 shares of the aerospace company’s stock valued at $290,403,000 after buying an additional 117,835 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have commented on LDOS shares. Stifel Nicolaus dropped their target price 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. BNP Paribas Exane initiated coverage on Leidos in a report on Wednesday, May 27th. They issued an “outperform” rating and a $165.00 price target for the company. Wall Street Zen upgraded Leidos from a “hold” rating to a “buy” rating in a report on Thursday, July 16th. Truist Financial decreased their target price on Leidos from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. lowered their target price on Leidos from $210.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $163.80.
Leidos Trading Up 0.5%
NYSE:LDOS opened at $106.99 on Tuesday. The firm has a 50-day simple moving average of $115.68 and a 200-day simple moving average of $151.46. Leidos Holdings, Inc. has a one year low of $98.86 and a one year high of $205.77. The firm has a market cap of $13.46 billion, a P/E ratio of 9.80, a P/E/G ratio of 1.56 and a beta of 0.54. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.29 and a current ratio of 1.40.
Leidos (NYSE:LDOS – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.25. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.28 billion. Leidos had a net margin of 8.15% and a return on equity of 31.92%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $2.97 earnings per share. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. Equities 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 given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 15th. Leidos’s dividend payout ratio (DPR) is 15.75%.
Insider Activity
In other news, Director Gary Stephen May sold 1,484 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $132.75, for a total value of $197,001.00. Following the completion of the transaction, the director directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.77% of the company’s stock.
Leidos 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.
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