Diamant Asset Management Inc. Acquires 4,131,706 Shares of Leidos Holdings, Inc. $LDOS

Diamant Asset Management Inc. lifted its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 16,475.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,156,784 shares of the aerospace company’s stock after buying an additional 4,131,706 shares during the quarter. Leidos makes up about 2.1% of Diamant Asset Management Inc.’s holdings, making the stock its 12th biggest holding. Diamant Asset Management Inc.’s holdings in Leidos were worth $646,463,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LDOS. Focus Partners Wealth lifted its position in Leidos by 46.5% during the 1st quarter. Focus Partners Wealth now owns 3,073 shares of the aerospace company’s stock valued at $415,000 after acquiring an additional 976 shares during the period. Marshall Wace LLP grew its holdings in Leidos by 86.3% in the second quarter. Marshall Wace LLP now owns 14,250 shares of the aerospace company’s stock worth $2,248,000 after purchasing an additional 6,600 shares during the period. Cresset Asset Management LLC grew its holdings in Leidos by 2.7% in the second quarter. Cresset Asset Management LLC now owns 3,399 shares of the aerospace company’s stock worth $536,000 after purchasing an additional 90 shares during the period. Cerity Partners LLC increased its stake in shares of Leidos by 20.2% during the second quarter. Cerity Partners LLC now owns 41,405 shares of the aerospace company’s stock valued at $6,532,000 after purchasing an additional 6,962 shares in the last quarter. Finally, Natixis increased its stake in shares of Leidos by 222.3% during the second quarter. Natixis now owns 8,155 shares of the aerospace company’s stock valued at $1,287,000 after purchasing an additional 5,625 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 1,484 shares of the company’s 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 transaction, the director directly owned 10,137 shares of the company’s stock, valued at $1,345,686.75. This represents a 12.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Elizabeth A. Porter sold 2,000 shares of the company’s 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 transaction, the insider directly owned 49,476 shares in the company, valued at approximately $7,855,799.28. The trade was a 3.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.77% of the company’s stock.

Leidos Stock Up 1.6%

Shares of Leidos stock opened at $101.62 on Friday. The company has a 50-day simple moving average of $127.77 and a two-hundred day simple moving average of $160.54. The stock has a market capitalization of $12.78 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50. Leidos Holdings, Inc. has a 52-week low of $99.53 and a 52-week high of $205.77. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.29 and a current ratio of 1.40.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.25. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Leidos had a net margin of 8.15% and a return on equity of 31.92%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.97 earnings per share. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. On average, analysts anticipate that Leidos Holdings, Inc. will post 12.26 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, June 15th. Leidos’s dividend payout ratio (DPR) is currently 15.75%.

Analysts Set New Price Targets

A number of analysts have recently commented on LDOS shares. Weiss Ratings cut Leidos from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Jefferies Financial Group lowered Leidos from a “buy” rating to a “hold” rating and reduced their price objective for the company from $185.00 to $140.00 in a research report on Wednesday, June 3rd. Argus upgraded Leidos to a “strong-buy” rating in a research note on Tuesday, March 31st. Bank of America reiterated 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. Finally, Stifel Nicolaus dropped their target price on Leidos from $205.00 to $193.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Leidos currently has an average rating of “Hold” and an average price target of $177.92.

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.