Johnson Financial Group Inc. Sells 3,746 Shares of Leidos Holdings, Inc. $LDOS

Johnson Financial Group Inc. cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 28.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,308 shares of the aerospace company’s stock after selling 3,746 shares during the period. Johnson Financial Group Inc.’s holdings in Leidos were worth $958,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Longview Financial Advisors Inc. purchased a new stake in shares of Leidos during the 1st quarter valued at about $26,000. Hantz Financial Services Inc. grew its position in shares of Leidos by 94.7% during the 4th quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 72 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in Leidos in the fourth quarter worth about $28,000. Kelleher Financial Advisors purchased a new stake in Leidos in the 2nd quarter worth approximately $28,000. Finally, Rakuten Securities Inc. raised its position in shares of Leidos by 110.5% during the 4th quarter. Rakuten Securities Inc. now owns 160 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Truist Financial dropped their price objective on Leidos from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, July 10th. The Goldman Sachs Group cut their price objective on shares of Leidos from $152.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, August 12th. BNP Paribas Exane boosted their target price on shares of Leidos from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Robert W. Baird set a $150.00 target price on shares of Leidos in a report on Wednesday, August 5th. Finally, Bank of America reaffirmed a “neutral” rating and set a $125.00 target price (down from $200.00) on shares of Leidos in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $162.93.

Leidos Stock Performance

NYSE LDOS opened at $146.34 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.60. Leidos Holdings, Inc. has a 1-year low of $98.86 and a 1-year high of $205.77. The business has a 50 day simple moving average of $116.32 and a two-hundred day simple moving average of $141.52. The stock has a market capitalization of $18.36 billion, a PE ratio of 13.65, a P/E/G ratio of 2.09 and a beta of 0.52.

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

Leidos Dividend Announcement

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

Leidos announced that its Board of Directors has authorized a stock buyback plan on Friday, July 31st that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, Director Noel B. Geer sold 10,000 shares of Leidos stock in a transaction that occurred on 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 transaction, the director owned 34,274 shares in the company, valued at approximately $4,820,980.84. The trade was a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is owned by insiders.

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.