DAVENPORT & Co LLC Lowers Stock Position in Leidos Holdings, Inc. $LDOS

DAVENPORT & Co LLC cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 27.7% in the fourth quarter, HoldingsChannel reports. The fund owned 11,328 shares of the aerospace company’s stock after selling 4,343 shares during the period. DAVENPORT & Co LLC’s holdings in Leidos were worth $2,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in Leidos during the third quarter valued at approximately $28,000. Cape Investment Advisory Inc. bought a new position in shares of Leidos in the third quarter worth approximately $31,000. Wexford Capital LP purchased a new stake in shares of Leidos in the third quarter worth $32,000. First Horizon Corp purchased a new stake in shares of Leidos in the third quarter worth $39,000. Finally, Motco bought a new stake in shares of Leidos during the 3rd quarter valued at $43,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Price Performance

Shares of NYSE:LDOS opened at $155.46 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.58 and a current ratio of 1.70. The firm has a fifty day moving average price of $177.46 and a 200 day moving average price of $185.12. Leidos Holdings, Inc. has a fifty-two week low of $128.32 and a fifty-two week high of $205.77. The firm has a market cap of $19.61 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 1.10 and a beta of 0.63.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, February 17th. The aerospace company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.19. The company had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.31 billion. Leidos had a net margin of 8.43% and a return on equity of 32.95%. Leidos’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the company posted $2.37 earnings per share. Leidos has set its FY 2026 guidance at 12.050-12.450 EPS. As a group, sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, March 16th. Leidos’s payout ratio is 15.45%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LDOS shares. Royal Bank Of Canada lowered their target price on shares of Leidos from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Stifel Nicolaus cut their price target on Leidos from $220.00 to $205.00 and set a “hold” rating for the company in a research note on Wednesday, February 18th. Wall Street Zen cut Leidos from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings restated a “buy (b)” rating on shares of Leidos in a research report on Monday, December 29th. Finally, UBS Group set a $204.00 price objective on Leidos in a research note on Thursday, January 15th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Leidos presently has an average rating of “Moderate Buy” and an average target price of $214.18.

Leidos Company 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.