Sumitomo Mitsui Trust Group Inc. Sells 31,694 Shares of Leidos Holdings, Inc. $LDOS

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 9.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 289,543 shares of the aerospace company’s stock after selling 31,694 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Leidos were worth $45,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hantz Financial Services Inc. raised its holdings in shares of Leidos by 94.7% during the 4th quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company’s stock worth $27,000 after buying an additional 72 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in Leidos by 77.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 151 shares of the aerospace company’s stock valued at $27,000 after buying an additional 66 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Leidos in the fourth quarter valued at about $28,000. Rakuten Securities Inc. grew its position in Leidos by 110.5% in the fourth quarter. Rakuten Securities Inc. now owns 160 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 84 shares during the last quarter. Finally, Longview Financial Advisors Inc. bought a new position in Leidos in the first quarter valued at about $26,000. Institutional investors own 76.12% of the company’s stock.

Leidos Price Performance

Shares of LDOS opened at $106.81 on Monday. The business has a 50-day moving average of $119.01 and a 200-day moving average of $154.78. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.40 and a quick ratio of 1.29. The company has a market capitalization of $13.44 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 1.57 and a beta of 0.54. Leidos Holdings, Inc. has a 1 year low of $98.86 and a 1 year high of $205.77.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, May 5th. The aerospace company reported $3.13 EPS for the quarter, beating the consensus estimate of $2.88 by $0.25. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.97 earnings per share. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, equities research analysts anticipate that Leidos Holdings, Inc. will post 12.27 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, June 15th. Leidos’s dividend payout ratio is currently 15.75%.

Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 1,484 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $132.75, for a total transaction of $197,001.00. Following the completion of the sale, the director directly owned 10,137 shares in the company, valued at $1,345,686.75. This represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LDOS has been the subject of a number of research reports. BNP Paribas Exane assumed coverage on shares of Leidos in a report on Wednesday, May 27th. They issued an “outperform” rating and a $165.00 target price for the company. Bank of America reaffirmed a “neutral” rating and set a $125.00 price target (down from $200.00) on shares of Leidos in a report on Wednesday, June 17th. Wall Street Zen downgraded shares of Leidos from a “buy” rating to a “hold” rating in a research note on Wednesday, July 8th. TD Cowen cut their target price on shares of Leidos from $160.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company set a $125.00 target price on shares of Leidos in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $165.00.

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.