Leidos Holdings, Inc. $LDOS Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 497.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 44,546 shares of the aerospace company’s stock after acquiring an additional 37,089 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Leidos were worth $8,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in Leidos by 1.4% during the third quarter. State Street Corp now owns 5,805,218 shares of the aerospace company’s stock worth $1,096,954,000 after buying an additional 78,534 shares in the last quarter. Geode Capital Management LLC increased its position in Leidos by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 3,538,488 shares of the aerospace company’s stock worth $636,097,000 after buying an additional 64,909 shares in the last quarter. Van ECK Associates Corp increased its position in Leidos by 6.4% during the third quarter. Van ECK Associates Corp now owns 2,411,312 shares of the aerospace company’s stock worth $455,642,000 after buying an additional 145,826 shares in the last quarter. Alliancebernstein L.P. increased its position in Leidos by 26.0% during the third quarter. Alliancebernstein L.P. now owns 1,926,646 shares of the aerospace company’s stock worth $364,059,000 after buying an additional 397,385 shares in the last quarter. Finally, Norges Bank purchased a new position in Leidos during the fourth quarter worth $318,839,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LDOS has been the subject of several recent research reports. Wall Street Zen downgraded Leidos from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird dropped their price target on Leidos from $215.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Royal Bank Of Canada dropped their price target on Leidos from $215.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Citigroup dropped their price target on Leidos from $232.00 to $178.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Finally, Wells Fargo & Company began coverage on Leidos in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $165.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.50.

Insiders Place Their Bets

In related news, Director Gary Stephen May sold 1,484 shares of Leidos stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $132.75, for a total value of $197,001.00. Following the transaction, the director owned 10,137 shares in the company, valued at approximately $1,345,686.75. This trade represents a 12.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Elizabeth A. Porter sold 2,000 shares of Leidos stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $158.78, for a total value of $317,560.00. Following the completion of the transaction, the insider owned 49,476 shares in the company, valued at $7,855,799.28. The trade was a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.77% of the stock is currently owned by company insiders.

Leidos Price Performance

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

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share 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 last year, the firm earned $2.97 earnings per share. The firm’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. As a group, research analysts anticipate that Leidos Holdings, Inc. will post 12.25 earnings per share for the current year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.43 dividend. The ex-dividend date 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 (DPR) is presently 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.