Wilmington Savings Fund Society FSB Boosts Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Wilmington Savings Fund Society FSB grew its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,030 shares of the aerospace company’s stock after acquiring an additional 120 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Leidos were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LDOS. Rakuten Securities Inc. grew its stake in Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 146 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Leidos during the 3rd quarter valued at approximately $29,000. Berbice Capital Management LLC acquired a new stake in shares of Leidos during the fourth quarter worth approximately $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Leidos during the third quarter worth approximately $30,000. Finally, Mather Group LLC. increased its stake in shares of Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after buying an additional 156 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LDOS. UBS Group started coverage on shares of Leidos in a report on Monday, December 2nd. They set a “neutral” rating and a $182.00 price objective for the company. Royal Bank of Canada lifted their price target on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Truist Financial cut their price objective on Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Wells Fargo & Company decreased their target price on Leidos from $205.00 to $199.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and dropped their price target for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $179.47.

Leidos Stock Down 3.8 %

Leidos stock opened at $137.37 on Wednesday. The firm has a market capitalization of $18.33 billion, a P/E ratio of 15.65, a P/E/G ratio of 0.92 and a beta of 0.66. The company has a 50-day simple moving average of $149.31 and a 200-day simple moving average of $157.71. Leidos Holdings, Inc. has a one year low of $113.67 and a one year high of $202.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.37% and a return on equity of 30.31%. As a group, equities analysts expect that Leidos Holdings, Inc. will post 10.03 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s payout ratio is currently 18.22%.

Insiders Place Their Bets

In related news, Director Noel B. Geer purchased 2,000 shares of Leidos stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $161.13 per share, with a total value of $322,260.00. Following the purchase, the director now owns 2,000 shares in the company, valued at approximately $322,260. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is currently owned by insiders.

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.