Norges Bank Takes $318.84 Million Position in Leidos Holdings, Inc. $LDOS

Norges Bank bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,767,400 shares of the aerospace company’s stock, valued at approximately $318,839,000.

Other large investors also recently bought and sold shares of the company. JFS Wealth Advisors LLC lifted its position in Leidos by 77.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 151 shares of the aerospace company’s stock valued at $27,000 after buying an additional 66 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Leidos by 94.7% in the fourth quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company’s stock valued at $27,000 after buying an additional 72 shares during the last quarter. Rakuten Securities Inc. lifted its position in Leidos by 110.5% in the fourth quarter. Rakuten Securities Inc. now owns 160 shares of the aerospace company’s stock valued at $29,000 after buying an additional 84 shares during the last quarter. Cape Investment Advisory Inc. acquired a new position in Leidos in the third quarter valued at about $31,000. Finally, Wexford Capital LP acquired a new position in Leidos in the third quarter valued at about $32,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Up 0.1%

LDOS stock opened at $127.95 on Tuesday. The firm has a market capitalization of $16.10 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.62 and a beta of 0.51. Leidos Holdings, Inc. has a fifty-two week low of $121.20 and a fifty-two week high of $205.77. 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 company’s 50 day moving average price is $144.19 and its 200 day moving average price is $170.32.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.13 EPS for the quarter, beating the consensus estimate of $2.88 by $0.25. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.28 billion. Leidos had a net margin of 8.15% and a return on equity of 31.92%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.97 earnings per share. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post 12.25 EPS for the current fiscal year.

Leidos Announces Dividend

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

Insider Activity at Leidos

In other Leidos news, insider Elizabeth A. Porter sold 2,000 shares of the 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 transaction, the insider directly owned 49,476 shares in the company, valued at $7,855,799.28. This represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Stephen May sold 1,484 shares of the 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 completion of the transaction, the director owned 10,137 shares in the company, valued at $1,345,686.75. This represents a 12.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LDOS shares. Citigroup decreased their target price on shares of Leidos from $232.00 to $178.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings lowered shares of Leidos from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of Leidos from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Bank of America cut their price target on shares of Leidos from $235.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Finally, Truist Financial cut their price target on shares of Leidos from $220.00 to $195.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and an average price target of $191.25.

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.