Leidos Holdings, Inc. $LDOS Shares Sold by Man Group plc

Man Group plc cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 6.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,956 shares of the aerospace company’s stock after selling 6,081 shares during the period. Man Group plc owned approximately 0.07% of Leidos worth $9,572,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Focus Partners Wealth raised its holdings in Leidos by 46.5% during the 1st quarter. Focus Partners Wealth now owns 3,073 shares of the aerospace company’s stock worth $415,000 after buying an additional 976 shares during the period. Marshall Wace LLP boosted its holdings in shares of Leidos by 86.3% in the second quarter. Marshall Wace LLP now owns 14,250 shares of the aerospace company’s stock worth $2,248,000 after buying an additional 6,600 shares during the period. Cresset Asset Management LLC boosted its holdings in shares of Leidos by 2.7% in the second quarter. Cresset Asset Management LLC now owns 3,399 shares of the aerospace company’s stock worth $536,000 after buying an additional 90 shares during the period. Cerity Partners LLC increased its position in shares of Leidos by 20.2% in the second quarter. Cerity Partners LLC now owns 41,405 shares of the aerospace company’s stock worth $6,532,000 after acquiring an additional 6,962 shares in the last quarter. Finally, Natixis increased its position in shares of Leidos by 222.3% in the second quarter. Natixis now owns 8,155 shares of the aerospace company’s stock worth $1,287,000 after acquiring an additional 5,625 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Leidos

In other Leidos news, Director Noel B. Geer sold 10,000 shares of the business’s 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 $4,820,980.84. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.77% of the stock is owned by corporate insiders.

Leidos Stock Performance

Shares of LDOS opened at $140.59 on Friday. The company’s fifty day moving average is $119.90 and its 200-day moving average is $139.42. Leidos Holdings, Inc. has a 12 month low of $98.86 and a 12 month high of $205.77. The firm has a market cap of $17.64 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 2.04 and a beta of 0.52. 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 (NYSE:LDOS) last released its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share (EPS) 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 analyst estimates of $4.44 billion. Leidos had a net margin of 7.80% and a return on equity of 30.81%. Leidos’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.21 EPS. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Equities analysts expect that Leidos Holdings, Inc. will post 12.38 EPS for the current fiscal year.

Leidos declared that its Board of Directors has authorized a share buyback 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. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Leidos Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LDOS shares. BNP Paribas Exane upped their price target on shares of Leidos from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Wells Fargo & Company set a $165.00 price objective on shares of Leidos in a research report on Monday, August 17th. Wall Street Zen raised shares of Leidos from a “hold” rating to a “buy” rating in a research note on Thursday, July 16th. Stifel Nicolaus reduced their target price on Leidos from $205.00 to $193.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. decreased their target price on Leidos from $210.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Leidos has a consensus rating of “Hold” and a consensus price target of $162.93.

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.