Fox Run Management L.L.C. Has $1.09 Million Position in Leidos Holdings, Inc. $LDOS

Fox Run Management L.L.C. lifted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 314.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,054 shares of the aerospace company’s stock after purchasing an additional 4,594 shares during the quarter. Fox Run Management L.L.C.’s holdings in Leidos were worth $1,092,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LDOS. Norges Bank acquired a new stake in shares of Leidos during the fourth quarter worth about $318,839,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Leidos during the third quarter worth about $242,464,000. Alliancebernstein L.P. raised its position in shares of Leidos by 64.4% during the second quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock worth $241,256,000 after purchasing an additional 598,974 shares during the period. M&T Bank Corp raised its position in shares of Leidos by 2,924.4% during the fourth quarter. M&T Bank Corp now owns 405,181 shares of the aerospace company’s stock worth $73,095,000 after purchasing an additional 391,784 shares during the period. Finally, Wedge Capital Management L L P NC raised its position in shares of Leidos by 663.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 355,824 shares of the aerospace company’s stock worth $64,191,000 after purchasing an additional 309,206 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Up 0.4%

LDOS stock opened at $123.30 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.40 and a debt-to-equity ratio of 1.19. The business has a 50 day moving average price of $139.95 and a two-hundred day moving average price of $167.53. The company has a market cap of $15.51 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 1.56 and a beta of 0.50. Leidos Holdings, Inc. has a twelve month low of $121.20 and a twelve month high of $205.77.

Leidos (NYSE:LDOS) last posted its quarterly earnings results 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. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.28 billion. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The business’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $2.97 earnings per share. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. Analysts anticipate that Leidos Holdings, Inc. will post 12.25 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, June 15th. Leidos’s dividend payout ratio (DPR) is currently 15.75%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research firms have recently commented on LDOS. Citigroup dropped their price target on Leidos from $232.00 to $178.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Stifel Nicolaus decreased their price objective on Leidos from $205.00 to $193.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Jefferies Financial Group downgraded Leidos from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $185.00 to $140.00 in a report on Wednesday, June 3rd. Wells Fargo & Company initiated coverage on Leidos in a report on Wednesday, April 1st. They set an “equal weight” rating and a $165.00 price objective for the company. Finally, Wall Street Zen downgraded Leidos from a “buy” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $187.50.

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.