First Trust Advisors LP Has $248.48 Million Holdings in Leidos Holdings, Inc. $LDOS

First Trust Advisors LP trimmed its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 41.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,597,764 shares of the aerospace company’s stock after selling 1,152,978 shares during the quarter. First Trust Advisors LP’s holdings in Leidos were worth $248,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Diamant Asset Management Inc. raised its stake in shares of Leidos by 16,475.4% in the first quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company’s stock valued at $646,463,000 after acquiring an additional 4,131,706 shares during the last quarter. Norges Bank bought a new stake in Leidos during the 4th quarter worth approximately $318,839,000. SG Americas Securities LLC grew its position in Leidos by 998.6% during the 1st quarter. SG Americas Securities LLC now owns 1,097,724 shares of the aerospace company’s stock worth $170,718,000 after acquiring an additional 997,807 shares during the last quarter. Alliancebernstein L.P. increased 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 purchasing an additional 598,974 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in Leidos by 2,924.4% during the 4th quarter. M&T Bank Corp now owns 405,181 shares of the aerospace company’s stock valued at $73,095,000 after purchasing an additional 391,784 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Transactions at Leidos

In other Leidos news, Director Gary Stephen May sold 1,484 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $132.75, for a total transaction of $197,001.00. Following the transaction, the director directly owned 10,137 shares in the company, valued at approximately $1,345,686.75. This represents a 12.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

LDOS has been the topic of a number of recent analyst reports. Weiss Ratings lowered Leidos from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Wall Street Zen upgraded Leidos from a “hold” rating to a “buy” rating in a research note on Thursday, July 16th. Argus raised Leidos to a “strong-buy” rating in a report on Tuesday, March 31st. TD Cowen reduced their price target on shares of Leidos from $160.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group decreased their price objective on shares of Leidos from $140.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Leidos currently has an average rating of “Hold” and an average target price of $163.80.

Leidos Stock Up 2.3%

NYSE:LDOS opened at $107.31 on Thursday. The company has a market cap of $13.50 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 1.54 and a beta of 0.54. 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 stock’s fifty day moving average price is $114.87 and its two-hundred day moving average price is $150.41. Leidos Holdings, Inc. has a 52-week low of $98.86 and a 52-week high of $205.77.

Leidos (NYSE:LDOS) last released its 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. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period last year, the firm earned $2.97 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. On average, analysts anticipate that Leidos Holdings, Inc. will post 12.3 EPS for the current year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 15th. Leidos’s payout ratio is currently 15.75%.

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.