Allstate Corp Buys 5,183 Shares of Leidos Holdings, Inc. $LDOS

Allstate Corp lifted its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 111.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,833 shares of the aerospace company’s stock after buying an additional 5,183 shares during the quarter. Allstate Corp’s holdings in Leidos were worth $1,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LDOS. Focus Partners Wealth raised its stake in shares of Leidos by 46.5% in the first quarter. Focus Partners Wealth now owns 3,073 shares of the aerospace company’s stock worth $415,000 after buying an additional 976 shares during the period. Marshall Wace LLP raised its stake in shares of 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 buying an additional 6,600 shares during the period. Cresset Asset Management LLC raised its stake in shares of 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 buying an additional 90 shares during the period. Cerity Partners LLC raised its stake in Leidos by 20.2% during the 2nd 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 during the period. Finally, Natixis raised its stake in Leidos by 222.3% during the 2nd 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 during the period. Institutional investors own 76.12% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on LDOS shares. Wells Fargo & Company started coverage on Leidos in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $165.00 target price on the stock. Royal Bank Of Canada cut their price target on Leidos from $215.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Weiss Ratings cut Leidos from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Robert W. Baird cut their price target on Leidos from $215.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Finally, BNP Paribas Exane started coverage on Leidos in a report on Wednesday. They set an “outperform” rating and a $165.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $191.25.

Leidos Price Performance

Shares of LDOS stock opened at $131.49 on Friday. Leidos Holdings, Inc. has a 52-week low of $121.20 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. The firm has a market capitalization of $16.54 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.66 and a beta of 0.56. The stock has a 50 day moving average price of $145.73 and a 200 day moving average price of $171.30.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the company earned $2.97 EPS. Leidos’s quarterly revenue was up 3.7% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, sell-side analysts predict that Leidos Holdings, Inc. will post 12.25 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. Leidos’s payout ratio is 15.75%.

Insiders Place Their Bets

In other Leidos news, insider Elizabeth A. Porter sold 2,000 shares of Leidos stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $158.78, for a total transaction of $317,560.00. Following the completion of the sale, the insider directly owned 49,476 shares of the company’s stock, valued at $7,855,799.28. The trade was a 3.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Stephen May sold 1,484 shares of Leidos stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $132.75, for a total value of $197,001.00. Following the sale, the director directly owned 10,137 shares of the company’s stock, valued at approximately $1,345,686.75. This trade represents a 12.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.77% 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.