Leidos Holdings, Inc. (NYSE:LDOS) Shares Purchased by Fiduciary Trust Co

Fiduciary Trust Co raised its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 36.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,941 shares of the aerospace company’s stock after purchasing an additional 6,395 shares during the period. Fiduciary Trust Co’s holdings in Leidos were worth $3,902,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its stake in Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after buying an additional 146 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Leidos during the 3rd quarter worth about $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Leidos in the 3rd quarter worth approximately $30,000. 1832 Asset Management L.P. bought a new position in shares of Leidos in the second quarter valued at approximately $34,000. Finally, Blue Trust Inc. lifted its position in Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Trading Down 1.3 %

Leidos stock opened at $163.97 on Friday. Leidos Holdings, Inc. has a one year low of $105.52 and a one year high of $202.90. The company’s fifty day moving average price is $171.13 and its two-hundred day moving average price is $156.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The company has a market capitalization of $21.88 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.10 and a beta of 0.68.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $2.03 EPS. On average, analysts forecast that Leidos Holdings, Inc. will post 10.04 earnings per share for the current fiscal year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. Leidos’s dividend payout ratio (DPR) is presently 17.31%.

Insider Buying and Selling

In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the sale, the director now owns 6,408 shares in the company, valued at approximately $1,185,095.52. This trade represents a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Noel B. Geer purchased 2,000 shares of Leidos stock in a transaction on 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 completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $322,260. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LDOS. Citigroup lifted their target price on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their target price on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. TD Cowen lifted their price target on shares of Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird increased their price objective on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their target price on Leidos from $230.00 to $205.00 and set an “overweight” rating on the stock in a report on Tuesday. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and an average price target of $187.77.

Leidos 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.