Leidos Holdings, Inc. $LDOS Shares Sold by Korea Investment CORP

Korea Investment CORP lowered its position in Leidos Holdings, Inc. (NYSE:LDOS) by 57.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,312 shares of the aerospace company’s stock after selling 77,507 shares during the quarter. Korea Investment CORP’s holdings in Leidos were worth $5,901,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LDOS. Rakuten Securities Inc. raised its holdings in shares of Leidos by 246.5% in the 2nd quarter. Rakuten Securities Inc. now owns 551 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 392 shares in the last quarter. Manhattan West Asset Management LLC increased its holdings in Leidos by 24.5% in the second quarter. Manhattan West Asset Management LLC now owns 38,686 shares of the aerospace company’s stock valued at $3,984,000 after buying an additional 7,617 shares during the last quarter. Allworth Financial LP raised its stake in Leidos by 23.3% in the second quarter. Allworth Financial LP now owns 2,122 shares of the aerospace company’s stock valued at $219,000 after buying an additional 401 shares in the last quarter. Quartz Partners LLC lifted its holdings in Leidos by 14.4% during the 2nd quarter. Quartz Partners LLC now owns 36,647 shares of the aerospace company’s stock worth $3,774,000 after buying an additional 4,620 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in Leidos during the 2nd quarter worth about $398,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on LDOS shares. Jefferies Financial Group reiterated a “hold” rating and issued a $145.00 price objective on shares of Leidos in a report on Sunday, August 9th. Wells Fargo & Company set a $165.00 price target on Leidos in a report on Monday, August 17th. Truist Financial dropped their price target on shares of Leidos from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Weiss Ratings cut shares of Leidos from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Finally, Royal Bank Of Canada reduced their price objective on shares of Leidos from $180.00 to $170.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $162.93.

Leidos Trading Down 2.1%

LDOS opened at $138.44 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. Leidos Holdings, Inc. has a 52 week low of $98.86 and a 52 week high of $205.77. The business’s 50 day moving average is $117.58 and its two-hundred day moving average is $140.50. The firm has a market cap of $17.37 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 2.06 and a beta of 0.52.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.35. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.44 billion. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.21 earnings per share. 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 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 paid a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a yield of 1.2%. Leidos’s dividend payout ratio is currently 16.04%.

Leidos declared that its Board of Directors has authorized a stock repurchase plan 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. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other 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 completion of the sale, the director directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

About Leidos

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.