US Bancorp DE Boosts Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

US Bancorp DE increased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 12.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,309 shares of the aerospace company’s stock after buying an additional 1,061 shares during the period. US Bancorp DE’s holdings in Leidos were worth $1,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fifth Third Bancorp grew its stake in shares of Leidos by 3.2% in the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock worth $394,000 after buying an additional 86 shares during the last quarter. Contravisory Investment Management Inc. grew its stake in shares of Leidos by 2.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock worth $691,000 after buying an additional 95 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Leidos by 2.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company’s stock worth $749,000 after buying an additional 100 shares during the last quarter. Empirical Finance LLC grew its stake in shares of Leidos by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 4,492 shares of the aerospace company’s stock worth $732,000 after buying an additional 103 shares during the last quarter. Finally, Somerset Trust Co lifted its position in Leidos by 4.3% in the 4th quarter. Somerset Trust Co now owns 2,534 shares of the aerospace company’s stock valued at $365,000 after acquiring an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Transactions at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares of the company’s stock, valued at $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Leidos Trading Up 4.8 %

NYSE:LDOS opened at $139.49 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The firm has a market capitalization of $18.30 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a one year low of $123.22 and a one year high of $202.90. The business has a fifty day moving average price of $141.41 and a 200-day moving average price of $155.70.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. Leidos’s dividend payout ratio (DPR) is 17.32%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LDOS shares. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Truist Financial lowered their price objective on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. UBS Group lowered their price objective on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Finally, William Blair cut Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Leidos presently has a consensus rating of “Moderate Buy” and an average target price of $175.87.

Leidos 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.