Heartland Advisors Inc. Has $3.20 Million Position in Leidos Holdings, Inc. $LDOS

by · The Cerbat Gem

Heartland Advisors Inc. cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS – Free Report) by 21.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 31,089 shares of the aerospace company’s stock after selling 8,428 shares during the quarter. Heartland Advisors Inc.’s holdings in Leidos were worth $3,201,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Hantz Financial Services Inc. boosted its holdings in shares of 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 period. Hilton Head Capital Partners LLC bought a new position in Leidos during the 4th quarter worth about $28,000. Rakuten Securities Inc. lifted its holdings in shares of 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 purchasing an additional 84 shares in the last quarter. Longview Financial Advisors Inc. bought a new position in shares of Leidos during the first quarter worth about $26,000. Finally, Wexford Capital LP acquired a new position in Leidos during the 3rd quarter worth approximately $32,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Price Performance

Leidos stock opened at $141.84 on Friday. The company has a market capitalization of $17.80 billion, a PE ratio of 13.23, a P/E/G ratio of 2.06 and a beta of 0.52. 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 stock has a 50-day moving average price of $117.10 and a two-hundred day moving average price of $141.19. Leidos Holdings, Inc. has a 12 month low of $98.86 and a 12 month high of $205.77.

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

Leidos declared that its board has initiated a stock repurchase program on Friday, July 31st that permits the company to buyback 20,000,000 shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Leidos Announces Dividend

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

Insider Buying and Selling

In other news, Director Noel B. Geer sold 10,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total value of $1,406,600.00. Following the completion of the sale, the director owned 34,274 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup raised their price objective on Leidos from $138.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. The Goldman Sachs Group reduced their price target on Leidos from $152.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Weiss Ratings cut shares of Leidos from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Wall Street Zen raised Leidos from a “hold” rating to a “buy” rating in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. decreased their price target on Leidos from $210.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $162.93.

Check Out Our Latest Analysis on Leidos

Leidos Profile

(Free Report)

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.

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