CX Institutional boosted its stake in Leidos Holdings, Inc. (NYSE:LDOS – Free Report) by 12,077.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 95,712 shares of the aerospace company’s stock after purchasing an additional 94,926 shares during the period. CX Institutional’s holdings in Leidos were worth $11,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Leidos by 4.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 55,865 shares of the aerospace company’s stock worth $5,752,000 after acquiring an additional 2,373 shares during the period. State Street Corp boosted its stake in Leidos by 2.6% during the 2nd quarter. State Street Corp now owns 6,277,845 shares of the aerospace company’s stock valued at $646,430,000 after purchasing an additional 161,407 shares during the period. Security National Bank of Sioux City Iowa IA grew its position in Leidos by 30.6% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 21,836 shares of the aerospace company’s stock worth $2,248,000 after purchasing an additional 5,120 shares during the last quarter. SVB Wealth LLC grew its position in Leidos by 9.5% in the 2nd quarter. SVB Wealth LLC now owns 23,332 shares of the aerospace company’s stock worth $2,402,000 after purchasing an additional 2,023 shares during the last quarter. Finally, Community Bank N.A. increased its stake in shares of Leidos by 100.1% in the second quarter. Community Bank N.A. now owns 10,805 shares of the aerospace company’s stock valued at $1,113,000 after purchasing an additional 5,405 shares during the period. 76.12% of the stock is currently owned by institutional investors.
Leidos Price Performance
Shares of NYSE:LDOS traded down $4.13 during trading on Friday, reaching $117.84. The company had a trading volume of 892,144 shares, compared to its average volume of 1,318,505. The firm’s fifty day moving average is $130.85 and its 200 day moving average is $131.19. The firm has a market capitalization of $14.79 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.36 and a beta of 0.58. Leidos Holdings, Inc. has a twelve month low of $98.86 and a twelve month high of $205.77. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.60 and a current ratio of 1.63.
Leidos Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 15th. Leidos’s dividend payout ratio (DPR) is presently 16.04%.
Leidos announced that its Board of Directors has authorized a share buyback program on Friday, July 31st that allows the company to buyback 20,000,000 shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on LDOS shares. BNP Paribas Exane lifted their price target on Leidos from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. TD Cowen restated a “hold” rating and issued a $135.00 target price on shares of Leidos in a research report on Tuesday, September 8th. Robert W. Baird set a $150.00 target price on Leidos in a research note on Wednesday, August 5th. Bank of America boosted their price target on Leidos from $125.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, September 18th. Finally, Royal Bank Of Canada decreased their price target on Leidos from $180.00 to $170.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Leidos has a consensus rating of “Hold” and an average price target of $160.29.
Read Our Latest Stock Report on LDOS
Insiders Place Their Bets
In other news, Director Gary May sold 1,000 shares of Leidos stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $140.85, for a total transaction of $140,850.00. Following the transaction, the director directly owned 10,204 shares in the company, valued at approximately $1,437,233.40. This trade represents a 8.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Noel Geer sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total value of $1,406,600.00. Following the completion of the sale, the director directly owned 34,274 shares in the company, valued at $4,820,980.84. This represents a 22.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.77% of the company’s stock.
Leidos Company Profile
Leidos Holdings, Inc is a technology, engineering and services company that provides solutions to government and commercial customers. The company operates primarily in the defense, intelligence, civil and health markets, supporting customers with mission-critical systems, digital modernization, cybersecurity, data analytics and technical services.
Its offerings include defense and intelligence technologies, command-and-control systems, transportation and infrastructure solutions, health information technology, aviation and security services, and scientific and engineering support.
Read More
- Five stocks we like better than Leidos
- AST SpaceMobile’s BlueBird Progress Comes With Several Risks Still Unresolved
- Time to Nibble on MCD Stock After it Enters Oversold Territory?
- McCormick Stock Trades Cheap, Offers Dividend Growth and Unilever Deal Upside
- Corning and AT&T’s $3 Billion Fiber Deal Reveals Where AI Spending Goes Next
Want to see what other hedge funds are holding LDOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leidos Holdings, Inc. (NYSE:LDOS – Free Report).
Receive News & Ratings for Leidos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos and related companies with MarketBeat.com's FREE daily email newsletter.
