Marks Group Wealth Management Inc Lowers Position in Leidos Holdings, Inc. $LDOS

Marks Group Wealth Management Inc decreased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 16.5% in the 1st quarter, Holdings Channel reports. The firm owned 40,649 shares of the aerospace company’s stock after selling 8,008 shares during the period. Marks Group Wealth Management Inc’s holdings in Leidos were worth $6,322,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LDOS. Diamant Asset Management Inc. lifted its holdings in shares of Leidos by 16,475.4% during the 1st 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. grew its position in Leidos by 1.6% in the fourth 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 in the last quarter. New Age Alpha Advisors LLC increased its stake in Leidos by 25,505.4% in the fourth quarter. New Age Alpha Advisors LLC now owns 42,505 shares of the aerospace company’s stock valued at $7,668,000 after acquiring an additional 42,339 shares during the last quarter. Norges Bank bought a new position in Leidos in the fourth quarter valued at $318,839,000. Finally, National Pension Service raised its position in Leidos by 275.0% during the fourth quarter. National Pension Service now owns 278,134 shares of the aerospace company’s stock valued at $50,175,000 after purchasing an additional 203,958 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Argus raised Leidos to a “strong-buy” rating in a research note on Tuesday, March 31st. Stifel Nicolaus reduced their price objective on Leidos from $205.00 to $193.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Royal Bank Of Canada decreased their price objective on Leidos from $215.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their target price on Leidos from $210.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Jefferies Financial Group cut their target price on Leidos from $140.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Leidos currently has a consensus rating of “Hold” and an average price target of $163.80.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 1,484 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $1,345,686.75. This trade represents a 12.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is currently owned by insiders.

Leidos Stock Performance

Leidos stock opened at $108.22 on Thursday. The firm has a fifty day simple moving average of $117.02 and a two-hundred day simple moving average of $153.10. The company has a quick ratio of 1.29, a current ratio of 1.40 and a debt-to-equity ratio of 1.19. 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 $13.61 billion, a PE ratio of 9.91, a P/E/G ratio of 1.56 and a beta of 0.54.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (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 return on equity of 31.92% and a net margin of 8.15%.The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $2.97 earnings per share. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. Research analysts expect that Leidos Holdings, Inc. will post 12.3 EPS for the current year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.43 per share. The ex-dividend date was Monday, June 15th. This represents a $1.72 annualized dividend and a yield of 1.6%. Leidos’s dividend payout ratio is currently 15.75%.

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.