PNC Financial Services Group Inc. Increases Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

PNC Financial Services Group Inc. grew its position in Leidos Holdings, Inc. (NYSE:LDOS) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,288 shares of the aerospace company’s stock after purchasing an additional 1,138 shares during the period. PNC Financial Services Group Inc.’s holdings in Leidos were worth $1,763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Leidos during the fourth quarter worth about $202,191,000. Balyasny Asset Management L.P. lifted its position in Leidos by 9,164.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 578,561 shares of the aerospace company’s stock valued at $62,623,000 after purchasing an additional 572,316 shares during the last quarter. FMR LLC raised its stake in shares of Leidos by 36.1% during the third quarter. FMR LLC now owns 1,808,666 shares of the aerospace company’s stock worth $166,687,000 after acquiring an additional 479,906 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Leidos by 6.2% during the third quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company’s stock worth $429,501,000 after acquiring an additional 272,090 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Leidos during the fourth quarter worth approximately $18,976,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insiders Place Their Bets

In other Leidos news, insider Roy E. Stevens sold 875 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the completion of the transaction, the insider now owns 44,149 shares of the company’s stock, valued at approximately $6,651,929.83. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on LDOS. Stifel Nicolaus lifted their target price on shares of Leidos from $138.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Argus boosted their price objective on shares of Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Barclays boosted their price objective on shares of Leidos from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Robert W. Baird boosted their price objective on shares of Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada boosted their price objective on shares of Leidos from $120.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $145.67.

Leidos Stock Performance

Shares of Leidos stock opened at $146.57 on Friday. The stock has a market cap of $19.82 billion, a price-to-earnings ratio of 63.18, a PEG ratio of 1.51 and a beta of 0.69. The firm’s 50-day moving average is $141.67 and its 200 day moving average is $126.14. Leidos Holdings, Inc. has a 1 year low of $84.23 and a 1 year high of $151.32. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the business posted $1.47 EPS. Leidos’s revenue was up 7.5% compared to the same quarter last year. Sell-side analysts anticipate that Leidos Holdings, Inc. will post 8.59 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, June 14th. Leidos’s dividend payout ratio (DPR) is 65.52%.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.