Leidos Holdings, Inc. (NYSE:LDOS) Stock Holdings Boosted by Somerset Trust Co

Somerset Trust Co lifted its position in shares of Leidos Holdings, Inc. (NYSE:LDOSFree Report) by 18.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,240 shares of the aerospace company’s stock after acquiring an additional 349 shares during the period. Somerset Trust Co’s holdings in Leidos were worth $294,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Insight Wealth Strategies LLC acquired a new stake in Leidos in the first quarter worth about $228,000. Nomura Holdings Inc. acquired a new stake in Leidos in the fourth quarter worth about $303,000. HighPoint Advisor Group LLC acquired a new stake in Leidos in the fourth quarter worth about $1,122,000. Quadrature Capital Ltd lifted its holdings in Leidos by 13.9% in the fourth quarter. Quadrature Capital Ltd now owns 22,575 shares of the aerospace company’s stock worth $2,444,000 after purchasing an additional 2,752 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Leidos by 7.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,288 shares of the aerospace company’s stock worth $1,763,000 after purchasing an additional 1,138 shares during the period. Institutional investors own 76.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LDOS shares. Jefferies Financial Group upped their price target on shares of Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. Argus upped their price target on shares of Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Wells Fargo & Company upped their price target on shares of Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Barclays upped their price target on shares of Leidos from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Finally, Truist Financial reaffirmed a “buy” rating and set a $165.00 price objective (up from $150.00) on shares of Leidos in a research note on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Leidos has an average rating of “Moderate Buy” and an average price target of $145.67.

Check Out Our Latest Analysis on LDOS

Insiders Place Their Bets

In other news, insider Roy E. Stevens sold 875 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the completion of the sale, the insider now directly owns 44,149 shares of the company’s stock, valued at $6,651,929.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.96% of the company’s stock.

Leidos Stock Up 0.0 %

Shares of LDOS traded up $0.01 during trading hours on Wednesday, reaching $143.87. The company’s stock had a trading volume of 741,127 shares, compared to its average volume of 749,363. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of 62.01, a P/E/G ratio of 1.51 and a beta of 0.69. Leidos Holdings, Inc. has a 1-year low of $84.15 and a 1-year high of $151.32. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07. The company has a 50 day moving average of $140.51 and a two-hundred day moving average of $125.63.

Leidos (NYSE:LDOSGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts predict that Leidos Holdings, Inc. will post 8.59 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.06%. Leidos’s payout ratio is currently 65.52%.

Leidos Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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