Leidos (NYSE:LDOS) Sets New 12-Month Low – Here’s What Happened

Shares of Leidos Holdings, Inc. (NYSE:LDOS) hit a new 52-week low during trading on Monday . The stock traded as low as $119.91 and last traded at $117.6330, with a volume of 92887 shares trading hands. The stock had previously closed at $122.16.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings downgraded shares of Leidos from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Jefferies Financial Group downgraded shares of Leidos from a “buy” rating to a “hold” rating and decreased their price objective for the company from $185.00 to $140.00 in a research report on Wednesday, June 3rd. Royal Bank Of Canada decreased their price objective on shares of Leidos from $215.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Argus upgraded shares of Leidos to a “strong-buy” rating in a research report on Tuesday, March 31st. Finally, 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 report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $181.25.

Leidos Stock Down 0.7%

The firm has a market capitalization of $14.32 billion, a PE ratio of 10.42, a PEG ratio of 1.46 and a beta of 0.50. The business’s 50 day simple moving average is $136.18 and its 200 day simple moving average is $165.08. The company has a current ratio of 1.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.19.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.25. Leidos had a net margin of 8.15% and a return on equity of 31.92%. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period last year, the company posted $2.97 EPS. The business’s revenue was up 3.7% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. On average, equities research analysts forecast that Leidos Holdings, Inc. will post 12.25 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently disclosed 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 dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th. Leidos’s dividend payout ratio (DPR) is presently 15.75%.

Insiders Place Their Bets

In other Leidos news, insider Elizabeth A. Porter sold 2,000 shares of Leidos stock in a transaction 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 directly owned 49,476 shares of the company’s stock, valued at $7,855,799.28. This trade represents a 3.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Stephen May sold 1,484 shares of Leidos stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $132.75, for a total transaction of $197,001.00. Following the completion of the transaction, the director directly owned 10,137 shares of the company’s stock, valued at $1,345,686.75. The trade was a 12.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Leidos

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Leidos by 1.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,421,634 shares of the aerospace company’s stock worth $256,463,000 after acquiring an additional 22,013 shares during the last quarter. New Age Alpha Advisors LLC lifted its holdings in shares of 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 worth $7,668,000 after acquiring an additional 42,339 shares during the last quarter. Norges Bank bought a new stake in shares of Leidos in the 4th quarter worth about $318,839,000. National Pension Service lifted its holdings in shares of Leidos by 275.0% in the 4th quarter. National Pension Service now owns 278,134 shares of the aerospace company’s stock worth $50,175,000 after acquiring an additional 203,958 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Leidos by 2,924.4% in the 4th quarter. M&T Bank Corp now owns 405,181 shares of the aerospace company’s stock worth $73,095,000 after acquiring an additional 391,784 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

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.