Dimensional Fund Advisors LP grew its stake in Leidos Holdings, Inc. (NYSE:LDOS – Free Report) by 2.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,859,616 shares of the aerospace company’s stock after purchasing an additional 47,542 shares during the period. Dimensional Fund Advisors LP’s holdings in Leidos were worth $289,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Diamant Asset Management Inc. increased its stake in shares of 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 acquiring an additional 4,131,706 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Leidos by 1.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,421,634 shares of the aerospace company’s stock valued at $256,463,000 after acquiring an additional 22,013 shares during the last quarter. New Age Alpha Advisors LLC boosted its position in shares of Leidos by 25,505.4% during the 4th quarter. New Age Alpha Advisors LLC now owns 42,505 shares of the aerospace company’s stock valued at $7,668,000 after acquiring an additional 42,339 shares during the last quarter. Norges Bank purchased a new stake in shares of Leidos in the fourth quarter valued at about $318,839,000. Finally, National Pension Service grew its holdings in shares of Leidos by 275.0% in the fourth quarter. National Pension Service now owns 278,134 shares of the aerospace company’s stock valued at $50,175,000 after purchasing an additional 203,958 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have commented on LDOS shares. Royal Bank Of Canada reduced their target price on shares of Leidos from $215.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Leidos from a “hold” rating to a “buy” rating in a research note on Thursday, July 16th. Truist Financial cut their price target on shares of Leidos from $195.00 to $160.00 and set a “buy” rating for the company in a report on Friday, July 10th. JPMorgan Chase & Co. reduced their price target on shares of Leidos from $210.00 to $160.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Finally, Jefferies Financial Group decreased their price objective on Leidos from $140.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Leidos has an average rating of “Hold” and a consensus target price of $163.80.
Insider Transactions at Leidos
In related news, Director Gary Stephen May sold 1,484 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $132.75, for a total transaction of $197,001.00. Following the transaction, the director owned 10,137 shares of the company’s stock, valued at approximately $1,345,686.75. This represents a 12.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.77% of the company’s stock.
Leidos Stock Performance
NYSE:LDOS opened at $107.31 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.29 and a current ratio of 1.40. The stock has a market capitalization of $13.50 billion, a P/E ratio of 9.83, a PEG ratio of 1.54 and a beta of 0.54. The company has a 50 day moving average price of $114.87 and a 200 day moving average price of $150.41. Leidos Holdings, Inc. has a fifty-two week low of $98.86 and a fifty-two week high of $205.77.
Leidos (NYSE:LDOS – Get Free Report) last announced its earnings results 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. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous year, the company earned $2.97 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. Equities research analysts forecast that Leidos Holdings, Inc. will post 12.3 EPS for the current year.
Leidos Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, June 15th. Leidos’s payout ratio is currently 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.
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