Pin Oak Investment Advisors Inc. Takes $1.05 Million Position in Leidos Holdings, Inc. $LDOS

Pin Oak Investment Advisors Inc. acquired a new position in Leidos Holdings, Inc. (NYSE:LDOS) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,155 shares of the aerospace company’s stock, valued at approximately $1,046,000.

A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Leidos in the second quarter worth $1,024,436,000. State Street Corp grew its position in Leidos by 3.7% in the 4th quarter. State Street Corp now owns 6,022,359 shares of the aerospace company’s stock worth $1,086,434,000 after purchasing an additional 217,141 shares during the last quarter. Diamant Asset Management Inc. increased its position in Leidos by 16,475.4% in the 1st quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company’s stock valued at $646,463,000 after acquiring an additional 4,131,706 shares during the period. Geode Capital Management LLC increased its holdings in shares of Leidos by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 3,538,488 shares of the aerospace company’s stock valued at $636,097,000 after purchasing an additional 64,909 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Leidos by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,859,616 shares of the aerospace company’s stock worth $289,193,000 after buying an additional 47,542 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America reissued a “neutral” rating and issued a $125.00 price objective (down from $200.00) on shares of Leidos in a research note on Wednesday, June 17th. Wall Street Zen upgraded shares of Leidos from a “hold” rating to a “buy” rating in a report on Thursday, July 16th. Truist Financial reduced their price objective on Leidos from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Robert W. Baird set a $150.00 target price on shares of Leidos in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group reduced their price target on Leidos from $152.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Leidos presently has an average rating of “Hold” and an average price target of $162.93.

Leidos Stock Up 0.5%

LDOS opened at $140.59 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.60. The firm’s fifty day moving average price is $119.90 and its two-hundred day moving average price is $139.42. Leidos Holdings, Inc. has a fifty-two week low of $98.86 and a fifty-two week high of $205.77. The company has a market capitalization of $17.64 billion, a P/E ratio of 13.11, a P/E/G ratio of 2.04 and a beta of 0.52.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.35. Leidos had a net margin of 7.80% and a return on equity of 30.81%. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business posted $3.21 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. On average, analysts anticipate that Leidos Holdings, Inc. will post 12.38 EPS for the current year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.2%. Leidos’s dividend payout ratio (DPR) is 16.04%.

Leidos declared that its Board of Directors has initiated a stock buyback program on Friday, July 31st that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Leidos

In other news, Director Noel B. Geer sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the completion of the sale, the director owned 34,274 shares of the company’s stock, valued at approximately $4,820,980.84. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.