Empowered Funds LLC Acquires Shares of 241,425 Leidos Holdings, Inc. $LDOS

Empowered Funds LLC acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 241,425 shares of the aerospace company’s stock, valued at approximately $24,860,000.

A number of other institutional investors also recently modified their holdings of the company. Bryn Mawr Trust Advisors LLC increased its holdings in Leidos by 4.8% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 1,337 shares of the aerospace company’s stock valued at $241,000 after purchasing an additional 61 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in Leidos by 19.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 381 shares of the aerospace company’s stock worth $69,000 after buying an additional 62 shares during the period. Keybank National Association OH lifted its holdings in Leidos by 3.6% in the 4th quarter. Keybank National Association OH now owns 1,855 shares of the aerospace company’s stock worth $335,000 after buying an additional 65 shares during the period. Glenmede Investment Management LP grew its position in shares of Leidos by 3.2% in the 3rd quarter. Glenmede Investment Management LP now owns 2,240 shares of the aerospace company’s stock worth $423,000 after buying an additional 69 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in shares of Leidos by 0.9% during the fourth quarter. HighPoint Advisor Group LLC now owns 7,635 shares of the aerospace company’s stock valued at $1,377,000 after buying an additional 70 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Price Performance

LDOS opened at $139.85 on Friday. The stock has a fifty day simple moving average of $119.23 and a two-hundred day simple moving average of $139.41. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.13. The company has a market cap of $17.55 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 2.00 and a beta of 0.52. Leidos Holdings, Inc. has a 12-month low of $98.86 and a 12-month high of $205.77.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, August 4th. The aerospace company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.35. The firm had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Leidos had a net margin of 7.80% and a return on equity of 30.81%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.21 EPS. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Research analysts predict that Leidos Holdings, Inc. will post 12.38 earnings per share for the current fiscal year.

Leidos announced that its Board of Directors has approved a share repurchase program on Friday, July 31st that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.72 annualized dividend and a yield of 1.2%. Leidos’s payout ratio is presently 16.04%.

Insider Buying and Selling

In other Leidos news, Director Noel B. Geer sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total value of $1,406,600.00. Following the sale, the director owned 34,274 shares in the company, valued at approximately $4,820,980.84. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is owned by insiders.

Analyst Ratings Changes

LDOS has been the subject of a number of recent analyst reports. Bank of America restated a “neutral” rating and set a $125.00 target price (down from $200.00) on shares of Leidos in a report on Wednesday, June 17th. TD Cowen raised their target price on shares of Leidos from $115.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. UBS Group lifted their target price on shares of Leidos from $124.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Truist Financial reduced their price target on shares of Leidos from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Finally, The Goldman Sachs Group decreased their price target on shares of Leidos from $152.00 to $132.00 and set a “neutral” rating for the company in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $162.93.

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.