Wellington Management Group LLP Acquires 12,034 Shares of Leidos Holdings, Inc. $LDOS

Wellington Management Group LLP grew its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 48.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 37,022 shares of the aerospace company’s stock after acquiring an additional 12,034 shares during the period. Wellington Management Group LLP’s holdings in Leidos were worth $3,812,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Diamant Asset Management Inc. raised its holdings in Leidos by 16,475.4% during the 1st quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company’s stock worth $646,463,000 after purchasing an additional 4,131,706 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Leidos by 1.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,421,634 shares of the aerospace company’s stock valued at $256,463,000 after buying an additional 22,013 shares during the period. New Age Alpha Advisors LLC grew its stake in Leidos by 25,505.4% in the fourth quarter. New Age Alpha Advisors LLC now owns 42,505 shares of the aerospace company’s stock valued at $7,668,000 after acquiring an additional 42,339 shares during the period. Renaissance Technologies LLC acquired a new stake in Leidos in the 1st quarter valued at $20,225,000. Finally, Norges Bank bought a new stake in Leidos during the 4th quarter valued at $318,839,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Ratings Changes

LDOS has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of Leidos from $124.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $145.00 price target on shares of Leidos in a research report on Sunday, August 9th. The Goldman Sachs Group decreased their price objective on Leidos from $152.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, August 12th. Wells Fargo & Company set a $165.00 price objective on Leidos in a research note on Monday, August 17th. Finally, TD Cowen restated a “hold” rating and issued a $135.00 target price on shares of Leidos in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Leidos has a consensus rating of “Hold” and a consensus price target of $162.93.

Leidos Stock Down 0.6%

LDOS opened at $128.40 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.60. The company’s 50-day moving average is $124.82 and its 200 day moving average is $136.70. Leidos Holdings, Inc. has a fifty-two week low of $98.86 and a fifty-two week high of $205.77. The firm has a market capitalization of $16.11 billion, a P/E ratio of 11.98, a PEG ratio of 1.43 and a beta of 0.56.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.35. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.44 billion. Leidos had a net margin of 7.80% and a return on equity of 30.81%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.21 EPS. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Research analysts expect that Leidos Holdings, Inc. will post 12.38 earnings per share for the current fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. Leidos’s dividend payout ratio is currently 16.04%.

Leidos declared that its Board of Directors has authorized a share buyback program on Friday, July 31st that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at Leidos

In related news, Director Gary May sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $140.85, for a total transaction of $140,850.00. Following the completion of the sale, the director directly owned 10,204 shares of the company’s stock, valued at approximately $1,437,233.40. This trade represents a 8.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Noel Geer sold 10,000 shares of Leidos stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total value of $1,406,600.00. Following the sale, the director owned 34,274 shares in the company, valued at $4,820,980.84. This trade represents a 22.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.77% of the company’s stock.

Leidos Company Profile

Leidos Holdings, Inc (NYSE: LDOS) is a technology, engineering and services company that supports government and commercial customers in the defense, intelligence, civil and health markets. The company provides mission-critical solutions involving information technology, cybersecurity, data analytics, artificial intelligence, systems integration, engineering and scientific research.

Its defense and intelligence activities include command-and-control systems, mission software, surveillance and reconnaissance solutions, logistics, aircraft and weapons systems support, and national security services.