Fulton Bank N.A. Raises Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Fulton Bank N.A. lifted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 3.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,358 shares of the aerospace company’s stock after buying an additional 105 shares during the period. Fulton Bank N.A.’s holdings in Leidos were worth $547,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LDOS. Millennium Management LLC boosted its holdings in shares of Leidos by 156.5% during the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock worth $165,356,000 after purchasing an additional 691,575 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in Leidos by 9,164.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 578,561 shares of the aerospace company’s stock valued at $62,623,000 after buying an additional 572,316 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of Leidos by 1,184.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock valued at $73,213,000 after acquiring an additional 462,792 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Leidos by 76.9% during the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock valued at $101,942,000 after acquiring an additional 303,775 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Leidos by 138.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company’s stock worth $67,840,000 after acquiring an additional 300,486 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insiders Place Their Bets

In other Leidos news, CEO Thomas Arthur Bell bought 1,712 shares of Leidos stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the purchase, the chief executive officer now owns 22,398 shares in the company, valued at $3,248,605.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Thomas Arthur Bell bought 1,712 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the purchase, the chief executive officer now owns 22,398 shares in the company, valued at $3,248,605.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the transaction, the director now directly owns 7,455 shares in the company, valued at $1,082,689.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on LDOS shares. Bank of America upped their price target on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Citigroup upped their price objective on 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 target price on Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus upped their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, Royal Bank of Canada lifted their price objective on Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.83.

Leidos Trading Down 0.0 %

NYSE LDOS opened at $166.62 on Wednesday. The stock has a market cap of $22.53 billion, a P/E ratio of 71.82, a PEG ratio of 1.47 and a beta of 0.70. The company’s fifty day simple moving average is $153.67 and its 200-day simple moving average is $145.75. 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 52 week low of $90.30 and a 52 week high of $168.02.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. The firm had revenue of $4.13 billion for 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%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.80 EPS. Equities research analysts predict that Leidos Holdings, Inc. will post 8.95 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.91%. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

About Leidos

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.