Assetmark Inc. Cuts Stock Position in Leidos Holdings, Inc. $LDOS

Assetmark Inc. decreased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 66.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,668 shares of the aerospace company’s stock after selling 11,252 shares during the period. Assetmark Inc.’s holdings in Leidos were worth $882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SteelPeak Wealth LLC boosted its holdings in Leidos by 9.4% in the 1st quarter. SteelPeak Wealth LLC now owns 26,263 shares of the aerospace company’s stock worth $4,084,000 after buying an additional 2,256 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Leidos by 0.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 486,990 shares of the aerospace company’s stock valued at $75,975,000 after acquiring an additional 2,559 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Leidos in the first quarter worth approximately $28,445,000. Quartz Partners LLC boosted its stake in shares of Leidos by 2.0% in the first quarter. Quartz Partners LLC now owns 32,027 shares of the aerospace company’s stock worth $4,981,000 after acquiring an additional 625 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Leidos by 37.7% during the first quarter. D.A. Davidson & CO. now owns 1,934 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 529 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Jefferies Financial Group reduced their price objective on Leidos from $140.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, July 1st. Royal Bank Of Canada reduced their target price on shares of Leidos from $215.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Citigroup lowered their price target on shares of Leidos from $178.00 to $138.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. JPMorgan Chase & Co. dropped their price objective on shares of Leidos from $210.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Finally, Argus upgraded shares of Leidos to a “strong-buy” rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Leidos has a consensus rating of “Hold” and a consensus target price of $163.80.

Leidos Trading Up 1.8%

Shares of LDOS opened at $112.31 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.19. Leidos Holdings, Inc. has a 12-month low of $98.86 and a 12-month high of $205.77. The firm has a 50-day moving average price of $114.33 and a 200 day moving average price of $149.63. The firm has a market capitalization of $14.13 billion, a P/E ratio of 10.29, a P/E/G ratio of 1.64 and a beta of 0.54.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.25. Leidos had a net margin of 8.15% and a return on equity of 31.92%. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the prior year, the company posted $2.97 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. Sell-side analysts forecast that Leidos Holdings, Inc. will post 12.3 EPS for the current year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, June 15th. Leidos’s dividend payout ratio is presently 15.75%.

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 1,484 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $132.75, for a total transaction of $197,001.00. Following the completion of the sale, the director owned 10,137 shares of the company’s stock, valued at $1,345,686.75. This trade represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.77% of the company’s stock.

About Leidos

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.