Bank of New York Mellon Corp Sells 18,506 Shares of Leidos Holdings, Inc. $LDOS

Bank of New York Mellon Corp cut its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 685,176 shares of the aerospace company’s stock after selling 18,506 shares during the quarter. Bank of New York Mellon Corp’s holdings in Leidos were worth $106,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of LDOS. Diamant Asset Management Inc. grew its holdings in Leidos by 16,475.4% during the first quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company’s stock worth $646,463,000 after buying an additional 4,131,706 shares in the last quarter. Norges Bank purchased a new stake in Leidos in the 4th quarter valued at $318,839,000. SG Americas Securities LLC lifted its stake in Leidos by 998.6% during the 1st quarter. SG Americas Securities LLC now owns 1,097,724 shares of the aerospace company’s stock valued at $170,718,000 after acquiring an additional 997,807 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Leidos by 64.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after acquiring an additional 598,974 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in Leidos by 2,924.4% during 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.

Analysts Set New Price Targets

LDOS has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Leidos from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. Wells Fargo & Company set a $125.00 price objective on shares of Leidos in a research note on Wednesday, June 17th. Argus raised shares of Leidos to a “strong-buy” rating in a research report on Tuesday, March 31st. BNP Paribas Exane began coverage on shares of Leidos in a research report on Wednesday, May 27th. They set an “outperform” rating and a $165.00 target price on the stock. Finally, TD Cowen cut their target price on Leidos from $160.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $163.80.

Insider Buying and Selling

In other Leidos news, Director Gary Stephen May sold 1,484 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $132.75, for a total transaction of $197,001.00. Following the completion of the transaction, the director owned 10,137 shares in the company, valued at $1,345,686.75. This trade represents a 12.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is currently owned by company insiders.

Leidos Price Performance

Shares of NYSE LDOS opened at $106.99 on Tuesday. The stock has a fifty day simple moving average of $115.68 and a two-hundred day simple moving average of $151.46. Leidos Holdings, Inc. has a 1-year low of $98.86 and a 1-year high of $205.77. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 1.56 and a beta of 0.54. 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 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. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the prior year, the firm earned $2.97 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. Analysts anticipate that Leidos Holdings, Inc. will post 12.3 earnings per share for the current year.

Leidos Dividend Announcement

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

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.