Bank of New York Mellon Corp Decreases Holdings in Leidos Holdings, Inc. $LDOS

Bank of New York Mellon Corp decreased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 703,682 shares of the aerospace company’s stock after selling 75,418 shares during the period. Bank of New York Mellon Corp’s holdings in Leidos were worth $126,944,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Wedmont Private Capital lifted its position in Leidos by 4.6% during the fourth quarter. Wedmont Private Capital now owns 1,171 shares of the aerospace company’s stock valued at $230,000 after acquiring an additional 52 shares during the last quarter. 44 Wealth Management LLC lifted its position in Leidos by 1.0% during the third quarter. 44 Wealth Management LLC now owns 5,500 shares of the aerospace company’s stock valued at $1,039,000 after acquiring an additional 57 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Leidos by 14.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 492 shares of the aerospace company’s stock valued at $89,000 after purchasing an additional 61 shares in the last quarter. Richardson Financial Services Inc. increased its stake in Leidos by 13.4% during the 4th quarter. Richardson Financial Services Inc. now owns 517 shares of the aerospace company’s stock valued at $93,000 after purchasing an additional 61 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC increased its stake in Leidos by 4.8% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 1,337 shares of the aerospace company’s stock valued at $241,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Stock Up 0.1%

LDOS stock opened at $124.65 on Friday. The firm’s fifty day simple moving average is $141.29 and its 200-day simple moving average is $168.60. The company has a market capitalization of $15.68 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 1.58 and a beta of 0.50. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.40 and a quick ratio of 1.29. Leidos Holdings, Inc. has a 12 month low of $121.20 and a 12 month high of $205.77.

Leidos (NYSE:LDOS) last announced 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 net margin of 8.15% and a return on equity of 31.92%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the prior year, the firm posted $2.97 earnings per share. The firm’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, equities research analysts forecast that Leidos Holdings, Inc. will post 12.25 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued 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 1.4%. Leidos’s dividend payout ratio is 15.75%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LDOS shares. Wells Fargo & Company started coverage on shares of Leidos in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $165.00 price target on the stock. Truist Financial cut their price target on shares of Leidos from $220.00 to $195.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Citigroup cut their price target on shares of Leidos from $232.00 to $178.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Stifel Nicolaus cut their price target on shares of Leidos from $205.00 to $193.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Finally, Argus upgraded shares of Leidos to a “strong-buy” rating in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average price target of $187.50.

Insiders Place Their Bets

In related news, insider Elizabeth A. Porter sold 2,000 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $158.78, for a total transaction of $317,560.00. Following the sale, the insider directly owned 49,476 shares of the company’s stock, valued at approximately $7,855,799.28. This represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a filing 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 the stock in a transaction on Thursday, May 7th. The shares were 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 approximately $1,345,686.75. The trade was a 12.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.77% of the company’s stock.

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.