Leidos Holdings, Inc. (NYSE:LDOS) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 173.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,381 shares of the aerospace company’s stock after buying an additional 876 shares during the quarter. Federated Hermes Inc.’s holdings in Leidos were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Key Financial Inc grew its position in shares of Leidos by 6.5% during the second quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock worth $166,000 after buying an additional 70 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of Leidos by 2.9% during the first quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock worth $350,000 after buying an additional 76 shares in the last quarter. Somerset Trust Co grew its position in shares of Leidos by 4.7% during the second quarter. Somerset Trust Co now owns 2,346 shares of the aerospace company’s stock worth $342,000 after buying an additional 106 shares in the last quarter. UMB Bank n.a. grew its position in shares of Leidos by 3.1% during the second quarter. UMB Bank n.a. now owns 3,569 shares of the aerospace company’s stock worth $521,000 after buying an additional 107 shares in the last quarter. Finally, Czech National Bank grew its position in shares of Leidos by 0.5% during the first quarter. Czech National Bank now owns 24,194 shares of the aerospace company’s stock worth $3,172,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Transactions at Leidos

In other news, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the sale, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Arthur Bell bought 1,712 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $145.04 per share, with a total value of $248,308.48. Following the completion of the purchase, the chief executive officer now owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The disclosure for this purchase can be found here. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LDOS shares. Citigroup lifted their price objective on shares of Leidos from $165.00 to $169.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen lifted their price objective on shares of Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Truist Financial upped their target price on Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, Bank of America increased their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.08.

Leidos Trading Down 0.8 %

Leidos stock opened at $158.45 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $151.60 and a two-hundred day moving average price of $143.51. The firm has a market capitalization of $21.42 billion, a price-to-earnings ratio of 68.30, a PEG ratio of 1.38 and a beta of 0.70. Leidos Holdings, Inc. has a 52-week low of $89.22 and a 52-week high of $160.32.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. Leidos’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.80 EPS. Sell-side analysts expect that Leidos Holdings, Inc. will post 8.95 earnings per share for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, September 13th. Leidos’s dividend payout ratio is currently 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.