Clear Harbor Asset Management LLC Trims Stake in Leidos Holdings, Inc. $LDOS

Clear Harbor Asset Management LLC lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 8.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 77,336 shares of the aerospace company’s stock after selling 7,082 shares during the period. Clear Harbor Asset Management LLC’s holdings in Leidos were worth $7,963,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Longview Financial Advisors Inc. purchased a new position in Leidos during the first quarter worth about $26,000. Hantz Financial Services Inc. raised its stake in shares of Leidos by 94.7% in 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 shares of Leidos in the 4th quarter valued at approximately $28,000. Kelleher Financial Advisors acquired a new position in shares of Leidos in the 2nd quarter worth approximately $28,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Leidos by 110.5% in the 4th quarter. Rakuten Securities Inc. now owns 160 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 84 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LDOS shares. Bank of America reissued a “neutral” rating and issued a $125.00 target price (down from $200.00) on shares of Leidos in a research report on Wednesday, June 17th. UBS Group raised their price target on Leidos from $124.00 to $138.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. BNP Paribas Exane lifted their price objective on Leidos from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings downgraded Leidos from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Finally, Royal Bank Of Canada decreased their target price on Leidos from $180.00 to $170.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $162.93.

Insider Activity at Leidos

In other news, Director Noel B. Geer sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the sale, the director owned 34,274 shares of the company’s stock, valued at approximately $4,820,980.84. This trade represents a 22.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company’s stock.

Leidos Stock Performance

Shares of LDOS stock opened at $141.84 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.13. The firm has a fifty day moving average price of $117.10 and a 200 day moving average price of $141.19. The company has a market cap of $17.80 billion, a P/E ratio of 13.23, a PEG ratio of 2.06 and a beta of 0.52. Leidos Holdings, Inc. has a 12 month low of $98.86 and a 12 month high of $205.77.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $3.26 EPS for the quarter, beating 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 firm had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the company posted $3.21 earnings per share. Leidos’s revenue for the quarter was up 7.2% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Sell-side analysts predict that Leidos Holdings, Inc. will post 12.38 earnings per share for the current fiscal year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.43 dividend. The ex-dividend date 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 is presently 16.04%.

Leidos declared that its Board of Directors has approved a stock 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.