Vertrix Wealth Management LLC Invests $845,000 in Leidos Holdings, Inc. $LDOS

Vertrix Wealth Management LLC acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,432 shares of the aerospace company’s stock, valued at approximately $845,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LDOS. State Street Corp raised its holdings in Leidos by 3.7% in the fourth quarter. State Street Corp now owns 6,022,359 shares of the aerospace company’s stock worth $1,086,434,000 after purchasing an additional 217,141 shares in the last quarter. Diamant Asset Management Inc. lifted its position in Leidos by 16,475.4% during 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. Geode Capital Management LLC boosted its stake in Leidos by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 3,538,488 shares of the aerospace company’s stock valued at $636,097,000 after acquiring an additional 64,909 shares in the last quarter. Van ECK Associates Corp boosted its stake in Leidos by 6.4% in the third quarter. Van ECK Associates Corp now owns 2,411,312 shares of the aerospace company’s stock valued at $455,642,000 after acquiring an additional 145,826 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Leidos by 26.0% during the third quarter. Alliancebernstein L.P. now owns 1,926,646 shares of the aerospace company’s stock worth $364,059,000 after purchasing an additional 397,385 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Truist Financial lowered their price objective on Leidos from $220.00 to $195.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Wall Street Zen upgraded Leidos from a “hold” rating to a “buy” rating in a research note on Tuesday. BNP Paribas Exane began coverage on Leidos in a report on Wednesday, May 27th. They issued an “outperform” rating and a $165.00 price target for the company. Stifel Nicolaus dropped their price target on Leidos from $205.00 to $193.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Leidos from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Leidos presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.08.

Insider Activity at Leidos

In other news, Director Gary Stephen May sold 1,484 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $132.75, for a total value of $197,001.00. Following the sale, the director directly owned 10,137 shares of the company’s stock, valued at $1,345,686.75. This represents a 12.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth A. Porter sold 2,000 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $158.78, for a total transaction of $317,560.00. Following the completion of the sale, the insider owned 49,476 shares in the company, valued at $7,855,799.28. The trade was a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.77% of the stock is currently owned by corporate insiders.

Leidos Stock Up 0.2%

Leidos stock opened at $103.23 on Thursday. 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 business’s 50-day simple moving average is $124.58 and its two-hundred day simple moving average is $158.55. The company has a market cap of $12.98 billion, a PE ratio of 9.45, a PEG ratio of 1.51 and a beta of 0.54. Leidos Holdings, Inc. has a fifty-two week low of $98.86 and a fifty-two week high of $205.77.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.25. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the prior year, the company earned $2.97 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. Equities analysts anticipate that Leidos Holdings, Inc. will post 12.26 EPS for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, June 15th. Leidos’s dividend payout ratio is 15.75%.

Leidos 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.