Cim Investment Management Inc. Trims Stock Position in Leidos Holdings, Inc. $LDOS

Cim Investment Management Inc. trimmed its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 50.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 12,984 shares of the aerospace company’s stock after selling 13,320 shares during the period. Leidos makes up about 0.7% of Cim Investment Management Inc.’s holdings, making the stock its 21st largest holding. Cim Investment Management Inc.’s holdings in Leidos were worth $2,453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LDOS. Mather Group LLC. acquired a new position in shares of Leidos in the 3rd quarter valued at $28,000. Wexford Capital LP purchased a new stake in Leidos in the 3rd quarter valued at about $32,000. First Horizon Corp purchased a new stake in Leidos in the 3rd quarter valued at about $39,000. Motco acquired a new position in Leidos in the third quarter valued at about $43,000. Finally, Colonial Trust Advisors lifted its position in Leidos by 1,942.9% in the second quarter. Colonial Trust Advisors now owns 286 shares of the aerospace company’s stock valued at $45,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Up 1.0%

Shares of NYSE LDOS opened at $169.10 on Wednesday. The business has a 50-day moving average of $182.83 and a two-hundred day moving average of $186.15. The company has a market capitalization of $21.37 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.18 and a beta of 0.63. Leidos Holdings, Inc. has a 1 year low of $128.32 and a 1 year 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.

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

Leidos Dividend Announcement

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

Insider Activity

In related news, insider Elizabeth A. Porter sold 3,000 shares of the 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 transaction, the insider directly owned 38,575 shares of the company’s stock, valued at $7,414,500.75. This trade represents a 7.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LDOS. Stifel Nicolaus dropped their price target on shares of Leidos from $220.00 to $205.00 and set a “hold” rating for the company in a research report on Wednesday, February 18th. Robert W. Baird decreased their price objective 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. Royal Bank Of Canada dropped their target price on shares of Leidos from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Leidos in a research report on Monday, December 29th. Finally, Citigroup upped their price target on Leidos from $218.00 to $232.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus 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.