Marks Group Wealth Management Inc Sells 4,358 Shares of Leidos Holdings, Inc. $LDOS

Marks Group Wealth Management Inc lessened its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,626 shares of the aerospace company’s stock after selling 4,358 shares during the quarter. Leidos accounts for approximately 1.0% of Marks Group Wealth Management Inc’s portfolio, making the stock its 18th largest position. Marks Group Wealth Management Inc’s holdings in Leidos were worth $10,700,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LDOS. Norges Bank purchased a new position in shares of Leidos in the 2nd quarter worth approximately $261,501,000. Alliancebernstein L.P. grew its holdings in Leidos by 64.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after buying an additional 598,974 shares in the last quarter. AQR Capital Management LLC grew its holdings in Leidos by 21.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,433,712 shares of the aerospace company’s stock valued at $223,731,000 after buying an additional 250,555 shares in the last quarter. Hennessy Advisors Inc. increased its position in shares of Leidos by 1,427.1% during the third quarter. Hennessy Advisors Inc. now owns 259,600 shares of the aerospace company’s stock valued at $49,054,000 after buying an additional 242,600 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Leidos by 753.0% in the second quarter. Balyasny Asset Management L.P. now owns 215,939 shares of the aerospace company’s stock worth $34,067,000 after buying an additional 190,625 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Stock Performance

Shares of Leidos stock opened at $173.48 on Monday. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $205.77. The firm has a market capitalization of $21.93 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.22 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.58 and a debt-to-equity ratio of 0.93. The business has a fifty day simple moving average of $186.57 and a two-hundred day simple moving average of $186.77.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 17th. The aerospace company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.19. Leidos had a net margin of 8.43% and a return on equity of 32.95%. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period last year, the business earned $2.37 EPS. Leidos’s quarterly revenue was down 3.6% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.050-12.450 EPS. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, March 16th. Leidos’s dividend payout ratio (DPR) is presently 15.45%.

Insider Activity at Leidos

In related news, insider Elizabeth A. Porter sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total value of $576,630.00. Following the sale, the insider owned 38,575 shares in the company, valued at $7,414,500.75. This represents a 7.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LDOS. Cantor Fitzgerald lifted their price target on Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Truist Financial reaffirmed a “buy” rating and set a $220.00 price target (up previously from $200.00) on shares of Leidos in a research report on Tuesday, November 4th. Robert W. Baird cut their price target on shares of Leidos from $215.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. UBS Group set a $204.00 price objective on shares of Leidos in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada dropped their target price on shares of Leidos from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Wednesday. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $213.27.

Leidos Company 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.