Citigroup Inc. Purchases 8,063 Shares of Leidos Holdings, Inc. $LDOS

Citigroup Inc. increased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 4.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 174,447 shares of the aerospace company’s stock after buying an additional 8,063 shares during the period. Citigroup Inc. owned 0.14% of Leidos worth $32,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in Leidos by 3.3% in the second quarter. JPMorgan Chase & Co. now owns 3,528,630 shares of the aerospace company’s stock worth $556,677,000 after acquiring an additional 111,813 shares in the last quarter. Boston Partners lifted its stake in shares of Leidos by 3.7% in the 2nd quarter. Boston Partners now owns 2,909,142 shares of the aerospace company’s stock valued at $460,203,000 after purchasing an additional 103,321 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Leidos by 1.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,221,518 shares of the aerospace company’s stock worth $419,778,000 after purchasing an additional 39,378 shares in the last quarter. Norges Bank acquired a new position in Leidos during the second quarter worth $261,501,000. Finally, Alliancebernstein L.P. raised its holdings in Leidos by 64.4% during the second quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after buying an additional 598,974 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on LDOS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Leidos in a report on Monday, December 29th. UBS Group set a $204.00 price target on Leidos in a report on Thursday, January 15th. Cantor Fitzgerald lifted their price target on shares of Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Stifel Nicolaus decreased their price objective on shares of Leidos from $220.00 to $205.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. Finally, Citigroup lifted their target price on shares of Leidos from $218.00 to $232.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and a consensus target price of $214.18.

Insiders Place Their Bets

In other Leidos news, insider Elizabeth A. Porter sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $192.21, for a total value of $576,630.00. Following the sale, the insider owned 38,575 shares of the company’s stock, valued at $7,414,500.75. The trade was a 7.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.96% of the stock is owned by corporate insiders.

Leidos Stock Performance

NYSE LDOS opened at $170.04 on Thursday. The company’s fifty day moving average is $185.89 and its two-hundred day moving average is $186.61. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $205.77. 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 firm has a market capitalization of $21.49 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 1.23 and a beta of 0.59.

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

Leidos Announces Dividend

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

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.