Geode Capital Management LLC Boosts Position in Leidos Holdings, Inc. $LDOS

Geode Capital Management LLC boosted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1.9% during the fourth quarter, Holdings Channel reports. The firm owned 3,538,488 shares of the aerospace company’s stock after buying an additional 64,909 shares during the quarter. Geode Capital Management LLC’s holdings in Leidos were worth $636,097,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its stake in Leidos by 20.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 339,972 shares of the aerospace company’s stock valued at $64,241,000 after buying an additional 56,905 shares in the last quarter. New Age Alpha Advisors LLC lifted its stake in Leidos by 25,505.4% in 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 buying an additional 42,339 shares in the last quarter. M&T Bank Corp lifted its stake in Leidos by 2,924.4% in the 4th quarter. M&T Bank Corp now owns 405,181 shares of the aerospace company’s stock valued at $73,095,000 after buying an additional 391,784 shares in the last quarter. LBP AM SA lifted its stake in Leidos by 41.7% in the 4th quarter. LBP AM SA now owns 89,597 shares of the aerospace company’s stock valued at $16,163,000 after buying an additional 26,386 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in Leidos in the 3rd quarter valued at approximately $1,621,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LDOS shares. Citigroup reduced their target price on Leidos from $232.00 to $178.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Stifel Nicolaus reduced their price target on Leidos from $205.00 to $193.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Robert W. Baird cut their target price on Leidos from $215.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Royal Bank Of Canada cut their target price on Leidos from $215.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Finally, Weiss Ratings lowered Leidos from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $191.25.

Leidos Stock Down 2.8%

Shares of NYSE LDOS opened at $127.93 on Friday. Leidos Holdings, Inc. has a 12-month low of $121.20 and a 12-month high of $205.77. The company has a market cap of $16.09 billion, a P/E ratio of 11.72, a P/E/G ratio of 1.62 and a beta of 0.56. The company has a current ratio of 1.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.19. The stock has a fifty day moving average price of $144.95 and a 200 day moving average price of $170.99.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.25. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.28 billion. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The company’s 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. Research analysts anticipate that Leidos Holdings, Inc. will post 12.25 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, June 15th. Leidos’s dividend payout ratio (DPR) is 15.75%.

Insider Transactions at Leidos

In other Leidos news, Director Gary Stephen May sold 1,484 shares of Leidos stock in a transaction that occurred 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 in the company, valued at $1,345,686.75. The trade was a 12.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Elizabeth A. Porter sold 2,000 shares of Leidos stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $158.78, for a total value of $317,560.00. Following the completion of the transaction, the insider owned 49,476 shares of the company’s stock, valued at approximately $7,855,799.28. The trade was a 3.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.77% of the stock is currently owned by company insiders.

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.