Corient Private Wealth LP Sells 4,316 Shares of Leidos Holdings, Inc. $LDOS

Corient Private Wealth LP trimmed its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 7.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 56,124 shares of the aerospace company’s stock after selling 4,316 shares during the period. Corient Private Wealth LP’s holdings in Leidos were worth $5,779,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bryn Mawr Trust Advisors LLC lifted its holdings in shares of Leidos by 4.8% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 1,337 shares of the aerospace company’s stock worth $241,000 after acquiring an additional 61 shares during the period. Cullen Frost Bankers Inc. increased its stake in Leidos by 19.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 381 shares of the aerospace company’s stock valued at $69,000 after acquiring an additional 62 shares during the last quarter. Keybank National Association OH increased its stake in Leidos by 3.6% in the fourth quarter. Keybank National Association OH now owns 1,855 shares of the aerospace company’s stock valued at $335,000 after acquiring an additional 65 shares during the last quarter. Glenmede Investment Management LP raised its position in Leidos by 3.2% during the third quarter. Glenmede Investment Management LP now owns 2,240 shares of the aerospace company’s stock valued at $423,000 after purchasing an additional 69 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its position in Leidos by 0.9% during the fourth quarter. HighPoint Advisor Group LLC now owns 7,635 shares of the aerospace company’s stock valued at $1,377,000 after purchasing an additional 70 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Price Performance

Leidos stock opened at $140.73 on Tuesday. 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 company has a market capitalization of $17.66 billion, a PE ratio of 13.13, a P/E/G ratio of 2.05 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. The stock has a 50-day moving average price of $120.61 and a two-hundred day moving average price of $138.65.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share for the quarter, topping 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 company had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the business posted $3.21 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Analysts expect that Leidos Holdings, Inc. will post 12.38 EPS for the current year.

Leidos announced that its Board of Directors has authorized a stock repurchase program on Friday, July 31st that allows the company to repurchase 20,000,000 outstanding shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Leidos Dividend Announcement

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 issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Leidos’s payout ratio is presently 16.04%.

Insiders Place Their Bets

In other Leidos news, Director Noel B. Geer sold 10,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 34,274 shares in the company, valued at approximately $4,820,980.84. This represents a 22.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LDOS shares. JPMorgan Chase & Co. dropped their price objective on Leidos from $210.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Jefferies Financial Group restated a “hold” rating and issued a $145.00 price target on shares of Leidos in a research note on Sunday, August 9th. Wall Street Zen upgraded shares of Leidos from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. Robert W. Baird set a $150.00 price objective on shares of Leidos in a research note on Wednesday, August 5th. Finally, BNP Paribas Exane raised their target price 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. One equities 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 MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $162.93.

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.