Community Bank N.A. Grows Position in Leidos Holdings, Inc. $LDOS

Community Bank N.A. boosted its position in Leidos Holdings, Inc. (NYSE:LDOS) by 100.1% during the 2nd quarter, Holdings Channel reports. The fund owned 10,805 shares of the aerospace company’s stock after acquiring an additional 5,405 shares during the quarter. Community Bank N.A.’s holdings in Leidos were worth $1,113,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Diamant Asset Management Inc. increased its holdings in shares of Leidos by 16,475.4% in the 1st quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company’s stock valued at $646,463,000 after acquiring an additional 4,131,706 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Leidos by 1.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,421,634 shares of the aerospace company’s stock worth $256,463,000 after purchasing an additional 22,013 shares during the last quarter. New Age Alpha Advisors LLC boosted its holdings 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 purchasing an additional 42,339 shares in the last quarter. Norges Bank purchased a new position in Leidos in the fourth quarter valued at approximately $318,839,000. Finally, Renaissance Technologies LLC purchased a new position in Leidos in the first quarter valued at approximately $20,225,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Price Performance

Leidos stock opened at $129.41 on Wednesday. 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 business has a 50 day simple moving average of $124.32 and a 200-day simple moving average of $137.03. Leidos Holdings, Inc. has a 12 month low of $98.86 and a 12 month high of $205.77. The stock has a market capitalization of $16.24 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.48 and a beta of 0.56.

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

Leidos announced that its board has approved a stock repurchase plan on Friday, July 31st that allows the company to repurchase 20,000,000 shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Leidos Announces Dividend

The company 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 payout ratio is presently 16.04%.

Insider Transactions at Leidos

In other news, Director Noel Geer sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the transaction, the director directly owned 34,274 shares in the company, valued at $4,820,980.84. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary May sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $140.85, for a total transaction of $140,850.00. Following the completion of the sale, the director owned 10,204 shares of the company’s stock, valued at approximately $1,437,233.40. The trade was a 8.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

LDOS has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Leidos from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. Bank of America reaffirmed a “neutral” rating and issued a $125.00 target price (down from $200.00) on shares of Leidos in a research report on Wednesday, June 17th. Wells Fargo & Company set a $165.00 price target on shares of Leidos in a research note on Monday, August 17th. Citigroup boosted their price target on shares of Leidos from $138.00 to $161.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Finally, TD Cowen restated a “hold” rating and issued a $135.00 price objective on shares of Leidos in a research note on Tuesday. One equities research 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $162.93.

Leidos 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.