Illinois Municipal Retirement Fund Buys 7,011 Shares of Leidos Holdings, Inc. $LDOS

Illinois Municipal Retirement Fund grew its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 33.2% during the first quarter, HoldingsChannel reports. The firm owned 28,153 shares of the aerospace company’s stock after purchasing an additional 7,011 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Leidos were worth $4,378,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 1,484 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were 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 in the company, 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. Company insiders own 0.77% of the company’s stock.

Leidos Price Performance

Shares of NYSE:LDOS opened at $106.51 on Friday. The business has a fifty day moving average price of $116.09 and a 200-day moving average price of $152.23. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.40 and a quick ratio of 1.29. The company has a market capitalization of $13.40 billion, a PE ratio of 9.75, a PEG ratio of 1.56 and a beta of 0.54. Leidos Holdings, Inc. has a 1-year low of $98.86 and a 1-year high of $205.77.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.25. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Leidos had a net margin of 8.15% and a return on equity of 31.92%. Leidos’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.97 EPS. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, equities analysts expect that Leidos Holdings, Inc. will post 12.3 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.43 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. Leidos’s payout ratio is currently 15.75%.

Analysts Set New Price Targets

LDOS has been the subject of several recent research reports. The Goldman Sachs Group lowered their price objective on Leidos from $171.00 to $152.00 and set a “neutral” rating for the company in a research report on Tuesday. TD Cowen decreased their price target on shares of Leidos from $160.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Weiss Ratings cut shares of Leidos from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Bank of America restated a “neutral” rating and issued a $125.00 price objective (down from $200.00) on shares of Leidos in a report on Wednesday, June 17th. Finally, BNP Paribas Exane started coverage on shares of Leidos in a report on Wednesday, May 27th. They set an “outperform” rating and a $165.00 target price for the company. 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. According to data from MarketBeat.com, Leidos currently has a consensus rating of “Hold” and a consensus target price of $163.80.

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.