Leidos (NYSE:LDOS) Director Noel Geer Sells 10,000 Shares

Leidos Holdings, Inc. (NYSE:LDOS) Director Noel Geer sold 10,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director directly owned 34,274 shares of the company’s stock, valued at approximately $4,820,980.84. This represents a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Leidos Trading Up 1.7%

NYSE:LDOS opened at $142.70 on Friday. The company has a market capitalization of $17.91 billion, a P/E ratio of 13.31, a PEG ratio of 2.04 and a beta of 0.52. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.13. Leidos Holdings, Inc. has a 12 month low of $98.86 and a 12 month high of $205.77. The firm has a fifty day simple moving average of $114.64 and a 200-day simple moving average of $142.75.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share (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 the consensus estimate of $4.44 billion. During the same period in the prior year, the firm earned $3.21 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post 12.38 earnings per share for the current year.

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

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 15th. Leidos’s dividend payout ratio (DPR) is presently 16.04%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LDOS. Diamant Asset Management Inc. boosted its stake in shares of Leidos by 16,475.4% in the first quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company’s stock worth $646,463,000 after acquiring an additional 4,131,706 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Leidos by 1.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,421,634 shares of the aerospace company’s stock valued at $256,463,000 after purchasing an additional 22,013 shares during the last quarter. New Age Alpha Advisors LLC raised its stake in Leidos by 25,505.4% in the 4th quarter. New Age Alpha Advisors LLC now owns 42,505 shares of the aerospace company’s stock valued at $7,668,000 after purchasing an additional 42,339 shares during the last quarter. Norges Bank purchased a new position in Leidos in the 4th quarter valued at $318,839,000. Finally, National Pension Service boosted its stake in Leidos by 275.0% during the 4th quarter. National Pension Service now owns 278,134 shares of the aerospace company’s stock worth $50,175,000 after purchasing an additional 203,958 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on LDOS. Jefferies Financial Group reiterated a “hold” rating and issued a $145.00 target price on shares of Leidos in a research report on Sunday. Bank of America restated a “neutral” rating and set a $125.00 price objective (down from $200.00) on shares of Leidos in a research note on Wednesday, June 17th. Wall Street Zen raised shares of Leidos from a “hold” rating to a “buy” rating in a report on Thursday, July 16th. The Goldman Sachs Group cut their price objective on shares of Leidos from $152.00 to $132.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company set a $125.00 target price on shares of Leidos in a report on Wednesday, June 17th. One 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $160.27.

Leidos Company 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.