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

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

A number of other hedge funds have also modified their holdings of LDOS. BlackRock Inc. purchased a new stake in Leidos in the second quarter valued at $1,024,436,000. Diamant Asset Management Inc. grew its stake in Leidos by 16,475.4% in the 1st 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 period. Norges Bank purchased a new stake in shares of Leidos during the fourth quarter worth about $318,839,000. SG Americas Securities LLC increased its stake in Leidos by 998.6% during the 1st quarter. SG Americas Securities LLC now owns 1,097,724 shares of the aerospace company’s stock worth $170,718,000 after buying an additional 997,807 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in Leidos in the 2nd quarter valued at $68,998,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on LDOS shares. TD Cowen increased their price objective on shares of Leidos from $115.00 to $135.00 and gave the company a “hold” rating in a report on Friday, August 7th. Bank of America restated a “neutral” rating and issued a $125.00 price target (down from $200.00) on shares of Leidos in a research report on Wednesday, June 17th. The Goldman Sachs Group cut their price target on 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 lifted their price objective on Leidos from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, UBS Group boosted their price objective on Leidos from $124.00 to $138.00 and gave the stock a “neutral” rating in a research note 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 given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $162.93.

Insider Activity at Leidos

In related news, Director Noel B. Geer sold 10,000 shares of the business’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 sale, the director directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is currently owned by company insiders.

Leidos Stock Performance

Leidos stock opened at $138.44 on Tuesday. The firm has a 50 day simple moving average of $117.58 and a 200-day simple moving average of $140.50. Leidos Holdings, Inc. has a 1-year low of $98.86 and a 1-year high of $205.77. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.60. The stock 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 released its quarterly 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 net margin of 7.80% and a return on equity of 30.81%. 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 previous year, the company earned $3.21 EPS. The business’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. On average, analysts expect that Leidos Holdings, Inc. will post 12.38 EPS for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.43 dividend. 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 payout ratio is currently 16.04%.

Leidos declared that its Board of Directors has approved a stock buyback plan on Friday, July 31st that allows the company to repurchase 20,000,000 shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.