Bank of New York Mellon Corp Sells 23,642 Shares of Leidos Holdings, Inc. $LDOS

Bank of New York Mellon Corp cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 779,100 shares of the aerospace company’s stock after selling 23,642 shares during the period. Bank of New York Mellon Corp owned 0.61% of Leidos worth $147,219,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LDOS. Mather Group LLC. bought a new stake in Leidos during the 3rd quarter worth approximately $28,000. True Wealth Design LLC grew its position in shares of Leidos by 471.4% during the 2nd quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 165 shares in the last quarter. Mountain Hill Investment Partners Corp. increased its holdings in shares of Leidos by 66.2% in the second quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 86 shares during the period. REAP Financial Group LLC raised its position in shares of Leidos by 50.0% in the second quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock worth $36,000 after buying an additional 76 shares in the last quarter. Finally, First Horizon Corp purchased a new stake in shares of Leidos in the third quarter worth $39,000. 76.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on LDOS. Stifel Nicolaus restated a “hold” rating and issued a $220.00 target price on shares of Leidos in a research note on Wednesday, January 7th. UBS Group set a $204.00 price objective on shares of Leidos in a research report on Thursday, January 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $230.00 target price on shares of Leidos in a research report on Wednesday, November 5th. Citigroup boosted their price target on shares of Leidos from $218.00 to $232.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Leidos in a research report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Leidos presently has an average rating of “Moderate Buy” and an average price target of $213.09.

Leidos Stock Performance

NYSE LDOS opened at $188.05 on Friday. The company has a 50-day simple moving average of $188.94 and a two-hundred day simple moving average of $184.73. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 0.94. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $205.77. The firm has a market cap of $24.04 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.30 and a beta of 0.58.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.61 by $0.44. Leidos had a return on equity of 33.02% and a net margin of 8.11%.The firm had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.28 billion. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Insider Activity

In related news, insider Elizabeth A. Porter sold 3,000 shares of Leidos stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $192.21, for a total value of $576,630.00. Following the transaction, the insider directly owned 38,575 shares of the company’s stock, valued at $7,414,500.75. The trade was a 7.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.96% 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.