Kingsview Wealth Management LLC Takes Position in Leidos Holdings, Inc. $LDOS

Kingsview Wealth Management LLC purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 2nd quarter, Holdings Channel reports. The fund purchased 37,597 shares of the aerospace company’s stock, valued at approximately $3,871,000.

Several other hedge funds have also recently bought and sold shares of LDOS. Longview Financial Advisors Inc. acquired a new stake in Leidos during the 1st quarter worth about $26,000. Hantz Financial Services Inc. increased its holdings in shares of Leidos by 94.7% in the 4th quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 72 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of Leidos in the fourth quarter worth approximately $28,000. Kelleher Financial Advisors purchased a new stake in shares of Leidos in the second quarter worth approximately $28,000. Finally, Wexford Capital LP acquired a new stake in shares of Leidos during the third quarter worth approximately $32,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Up 0.5%

Shares of LDOS stock opened at $140.59 on Friday. The stock’s 50 day simple moving average is $119.90 and its 200 day simple moving average is $139.42. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.60 and a current ratio of 1.63. Leidos Holdings, Inc. has a twelve month low of $98.86 and a twelve month high of $205.77. The company has a market capitalization of $17.64 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 2.04 and a beta of 0.52.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the prior year, the business earned $3.21 earnings per share. The company’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. As a group, research analysts predict that Leidos Holdings, Inc. will post 12.38 EPS for the current year.

Leidos declared that its board has authorized a share buyback program on Friday, July 31st that permits the company to buyback 20,000,000 shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Leidos Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 15th. Leidos’s payout ratio is presently 16.04%.

Insider Activity

In related news, Director Noel B. Geer sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LDOS shares. Royal Bank Of Canada lowered their price objective on shares of Leidos from $180.00 to $170.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. TD Cowen lifted their target price on shares of Leidos from $115.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, August 7th. BNP Paribas Exane lifted their target price on shares of Leidos from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Leidos from a “hold” rating to a “buy” rating in a report on Thursday, July 16th. Finally, Weiss Ratings downgraded shares of Leidos from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. One investment 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.com, the company has an average rating of “Hold” and an average 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.