Marks Group Wealth Management Inc Sells 8,008 Shares of Leidos Holdings, Inc. $LDOS

Marks Group Wealth Management Inc lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 16.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,649 shares of the aerospace company’s stock after selling 8,008 shares during the period. Marks Group Wealth Management Inc’s holdings in Leidos were worth $6,322,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Focus Partners Wealth increased its position in Leidos by 46.5% in the first quarter. Focus Partners Wealth now owns 3,073 shares of the aerospace company’s stock worth $415,000 after buying an additional 976 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Leidos by 86.3% during the 2nd quarter. Marshall Wace LLP now owns 14,250 shares of the aerospace company’s stock valued at $2,248,000 after buying an additional 6,600 shares during the last quarter. Cresset Asset Management LLC lifted its position in shares of Leidos by 2.7% during the 2nd quarter. Cresset Asset Management LLC now owns 3,399 shares of the aerospace company’s stock valued at $536,000 after buying an additional 90 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Leidos by 20.2% during the 2nd quarter. Cerity Partners LLC now owns 41,405 shares of the aerospace company’s stock worth $6,532,000 after acquiring an additional 6,962 shares during the period. Finally, Natixis grew its stake in shares of Leidos by 222.3% during the 2nd quarter. Natixis now owns 8,155 shares of the aerospace company’s stock worth $1,287,000 after acquiring an additional 5,625 shares during the period. Institutional investors own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LDOS shares. Stifel Nicolaus lowered their price objective on Leidos from $205.00 to $193.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. The Goldman Sachs Group cut their target price on shares of Leidos from $171.00 to $152.00 and set a “neutral” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Leidos from $210.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday. TD Cowen lowered their price target on shares of Leidos from $160.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company set a $125.00 price target on shares of Leidos in a research note on Wednesday, June 17th. One equities 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. Based on data from MarketBeat.com, Leidos presently has a consensus rating of “Hold” and an average target price of $163.80.

Leidos Stock Performance

Shares of LDOS opened at $108.22 on Thursday. The stock’s 50-day simple moving average is $117.02 and its 200 day simple moving average is $153.10. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth 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 Holdings, Inc. has a 52-week low of $98.86 and a 52-week high of $205.77.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share 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 business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous year, the firm earned $2.97 EPS. The company’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. Research analysts forecast that Leidos Holdings, Inc. will post 12.3 EPS for the current fiscal 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 paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.72 annualized dividend and a yield of 1.6%. Leidos’s payout ratio is currently 15.75%.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 1,484 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $132.75, for a total transaction of $197,001.00. Following the sale, 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 SEC, which is accessible through this hyperlink. 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.