Fox Run Management L.L.C. Lowers Stake in Leidos Holdings, Inc. $LDOS

Fox Run Management L.L.C. cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 82.4% during the third quarter, Holdings Channel.com reports. The fund owned 1,460 shares of the aerospace company’s stock after selling 6,848 shares during the period. Fox Run Management L.L.C.’s holdings in Leidos were worth $276,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LDOS. Mather Group LLC. purchased a new position in Leidos during the third quarter worth approximately $28,000. True Wealth Design LLC lifted its position in shares of Leidos by 471.4% during the 2nd quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock valued at $32,000 after buying an additional 165 shares in the last quarter. First Horizon Corp acquired a new stake in Leidos in the 3rd quarter valued at $39,000. Motco purchased a new stake in Leidos in the 3rd quarter worth $43,000. Finally, Cary Street Partners Investment Advisory LLC raised its position in Leidos by 32.2% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 271 shares of the aerospace company’s stock worth $51,000 after acquiring an additional 66 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Buying and Selling at Leidos

In related news, insider Elizabeth A. Porter sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $192.21, for a total value of $576,630.00. Following the completion of the sale, the insider owned 38,575 shares of the company’s stock, valued at approximately $7,414,500.75. This represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

Leidos Trading Up 2.4%

Shares of Leidos stock opened at $179.25 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.58. The stock’s 50 day simple moving average is $185.45 and its 200-day simple moving average is $186.61. The stock has a market cap of $22.66 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.24 and a beta of 0.63. Leidos Holdings, Inc. has a 1-year low of $127.39 and a 1-year high of $205.77.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, February 17th. The aerospace company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.57 by $0.19. The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.31 billion. Leidos had a return on equity of 32.95% and a net margin of 8.43%.The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.37 earnings per share. Leidos has set its FY 2026 guidance at 12.050-12.450 EPS. Analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, March 16th. Leidos’s payout ratio is currently 15.45%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LDOS. Royal Bank Of Canada dropped their target price on shares of Leidos from $230.00 to $215.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Jefferies Financial Group reiterated a “buy” rating and issued a $215.00 price objective on shares of Leidos in a report on Monday, February 23rd. UBS Group set a $204.00 price objective on Leidos in a research note on Thursday, January 15th. Truist Financial restated a “buy” rating and issued a $220.00 target price (up from $200.00) on shares of Leidos in a research report on Tuesday, November 4th. Finally, 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. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $214.18.

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.