Leidos Holdings, Inc. $LDOS Stake Trimmed by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 12.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 95,250 shares of the aerospace company’s stock after selling 13,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.08% of Leidos worth $11,604,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Partners Wealth Management LLC purchased a new stake in Leidos in the third quarter worth $237,000. Soltis Investment Advisors LLC bought a new stake in shares of Leidos in the third quarter valued at $233,000. Childress Capital Advisors LLC lifted its position in shares of Leidos by 51.0% during the 3rd quarter. Childress Capital Advisors LLC now owns 3,143 shares of the aerospace company’s stock valued at $383,000 after buying an additional 1,062 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of Leidos during the 3rd quarter valued at $235,000. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in shares of Leidos by 82.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 451 shares of the aerospace company’s stock valued at $55,000 after buying an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Trending Headlines about Leidos

Here are the key news stories impacting Leidos this week:

• Positive Sentiment: Leidos reportedly secured additional Pentagon contracts, reinforcing the company’s defense and government-services backlog. The accompanying analysis said fair value remains higher, suggesting potential upside. Leidos Holdings Lands Pentagon Deals
• Positive Sentiment: The board raised Leidos’ quarterly cash dividend 4.7% to $0.45 per share from $0.43, supporting the stock’s income appeal and signaling confidence in cash generation. Leidos Increases Quarterly Cash Dividend
• Positive Sentiment: RBC Capital assigned Leidos a Buy rating, while the average analyst price target was reported at $150.85—above the roughly $143 trading level—providing a positive valuation signal. Leidos Gets a Buy from RBC Capital Leidos Average Price Target
• Positive Sentiment: The stock crossed above its 200-day moving average, a technical development that can attract momentum-oriented buyers and improve market sentiment. Leidos Crosses Above 200-Day Moving Average
• Neutral Sentiment: Leidos gained even as the broader market declined, indicating relative strength, although the report primarily describes the trading move rather than a new fundamental catalyst. Why the Market Dipped but Leidos Gained
• Neutral Sentiment: Upcoming third-quarter results could benefit from defense demand, contract wins and artificial-intelligence initiatives, but healthcare pressure and higher interest costs remain risks. Leidos Q3 Earnings Preview

Leidos Trading Up 1.3%

NYSE:LDOS opened at $142.81 on Friday. The company has a market cap of $17.92 billion, a P/E ratio of 13.32, a P/E/G ratio of 1.59 and a beta of 0.58. The stock’s fifty day moving average price is $129.33 and its two-hundred day moving average price is $141.60. Leidos Holdings, Inc. has a 1 year low of $98.86 and a 1 year high of $205.77. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.60.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Monday, August 3rd. The aerospace company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.35. The company had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Leidos had a return on equity of 30.81% and a net margin of 7.80%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.21 earnings per share. As a group, analysts expect that Leidos Holdings, Inc. will post 12.38 EPS for the current year.

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

Insider Transactions at Leidos

In other Leidos news, Director Noel Geer sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director owned 34,274 shares in the company, valued at $4,820,980.84. This trade represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary May sold 1,000 shares of Leidos stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $140.85, for a total value of $140,850.00. Following the transaction, the director directly owned 10,204 shares of the company’s stock, valued at $1,437,233.40. The trade was a 8.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LDOS. TD Cowen cut their price target on Leidos from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Tuesday, October 6th. Bank of America boosted their price objective on Leidos from $125.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, September 18th. Jefferies Financial Group dropped their price objective on shares of Leidos from $145.00 to $130.00 and set a “hold” rating on the stock in a report on Tuesday, October 6th. Citigroup cut their target price on shares of Leidos from $161.00 to $141.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Finally, JPMorgan Chase & Co. downgraded shares of Leidos from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $160.00 to $142.00 in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $150.85.

Leidos Company Profile

Leidos Holdings, Inc (NYSE: LDOS) is a technology, engineering and science company that provides services and solutions to government and commercial customers. Its work supports defense, intelligence, civil government, health and transportation missions, with offerings that include information technology modernization, systems integration, cybersecurity, data analytics, artificial intelligence, engineering and mission operations.

The company also provides health technology and scientific services, transportation management systems, aviation and security solutions, and support for complex government programs.