Leidos Holdings, Inc. (NYSE:LDOS) Stock Holdings Lessened by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,249 shares of the aerospace company’s stock after selling 976 shares during the period. Mutual of America Capital Management LLC’s holdings in Leidos were worth $3,100,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LDOS. Key Financial Inc raised its holdings 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 valued at $166,000 after buying an additional 70 shares during the last quarter. Bleakley Financial Group LLC boosted its position in Leidos by 2.9% during the 1st quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock worth $350,000 after acquiring an additional 76 shares during the period. Somerset Trust Co grew its stake in shares of Leidos by 4.7% in the second quarter. Somerset Trust Co now owns 2,346 shares of the aerospace company’s stock worth $342,000 after purchasing an additional 106 shares in the last quarter. UMB Bank n.a. increased its holdings 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 valued at $521,000 after purchasing an additional 107 shares during the period. Finally, Czech National Bank raised its stake 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 valued at $3,172,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Up 1.7 %

NYSE:LDOS opened at $159.66 on Tuesday. The business’s fifty day moving average price is $151.47 and its 200 day moving average price is $143.30. The firm has a market capitalization of $21.59 billion, a price-to-earnings ratio of 68.82, a PEG ratio of 1.38 and a beta of 0.70. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a 1-year low of $89.22 and a 1-year high of $160.32.

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

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.95%. Leidos’s dividend payout ratio is 65.52%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. TD Cowen boosted their price target on shares of Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Bank of America increased their price target on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Barclays boosted their price objective on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada raised their target price on Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Finally, Truist Financial upped their price target on shares of Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Two 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.08.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 1,000 shares of the firm’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 transaction of $144,020.00. Following the transaction, the director now owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Thomas Arthur Bell bought 1,712 shares of Leidos stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the acquisition, the chief executive officer now owns 22,398 shares in the company, valued at $3,248,605.92. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $144,020.00. Following the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

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.