Cresset Asset Management LLC Buys 3,503 Shares of Leidos Holdings, Inc. $LDOS

Cresset Asset Management LLC increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 103.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,902 shares of the aerospace company’s stock after acquiring an additional 3,503 shares during the quarter. Cresset Asset Management LLC’s holdings in Leidos were worth $1,304,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Leidos during the second quarter worth $261,501,000. Alliancebernstein L.P. lifted 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 worth $241,256,000 after acquiring an additional 598,974 shares in the last quarter. AQR Capital Management LLC grew its stake in Leidos by 21.2% in the second quarter. AQR Capital Management LLC now owns 1,433,712 shares of the aerospace company’s stock valued at $223,731,000 after acquiring an additional 250,555 shares during the period. Hennessy Advisors Inc. increased its holdings in shares of Leidos by 1,427.1% in the third quarter. Hennessy Advisors Inc. now owns 259,600 shares of the aerospace company’s stock worth $49,054,000 after acquiring an additional 242,600 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Leidos by 753.0% during the second quarter. Balyasny Asset Management L.P. now owns 215,939 shares of the aerospace company’s stock worth $34,067,000 after purchasing an additional 190,625 shares during the period. Institutional investors own 76.12% of the company’s stock.

Insider Activity at Leidos

In other news, insider Elizabeth A. Porter sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total value of $576,630.00. Following the completion of the transaction, the insider owned 38,575 shares in the company, valued at $7,414,500.75. This trade represents a 7.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Leidos Price Performance

Shares of LDOS opened at $179.58 on Tuesday. The stock has a market capitalization of $22.70 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.26 and a beta of 0.63. Leidos Holdings, Inc. has a twelve month low of $128.32 and a twelve month high of $205.77. The company has a 50 day moving average of $184.65 and a 200-day moving average of $186.58. The company has a quick ratio of 1.58, a current ratio of 1.70 and a debt-to-equity ratio of 0.93.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, February 17th. The aerospace company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.31 billion. During the same quarter in the previous year, the firm posted $2.37 earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.050-12.450 EPS. As a group, equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

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 given a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.72 annualized dividend and a yield of 1.0%. Leidos’s payout ratio is 15.45%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LDOS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Leidos in a research report on Monday, December 29th. Robert W. Baird dropped their target price on shares of Leidos from $215.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. UBS Group set a $204.00 price target on shares of Leidos in a report on Thursday, January 15th. Royal Bank Of Canada lowered their price objective on shares of Leidos from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Finally, Jefferies Financial Group restated a “buy” rating and set a $215.00 price objective on shares of Leidos in a report on Monday, February 23rd. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.18.

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.