Bank of America Corp DE Acquires 247,472 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Bank of America Corp DE boosted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOSGet Rating) by 21.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,389,115 shares of the aerospace company’s stock after purchasing an additional 247,472 shares during the period. Bank of America Corp DE’s holdings in Leidos were worth $150,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KB Financial Partners LLC bought a new position in shares of Leidos in the first quarter valued at approximately $25,000. Atlas Capital Advisors LLC raised its stake in shares of Leidos by 127.4% in the first quarter. Atlas Capital Advisors LLC now owns 307 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 172 shares during the last quarter. Quent Capital LLC bought a new position in shares of Leidos in the fourth quarter valued at approximately $34,000. Parallel Advisors LLC raised its stake in shares of Leidos by 43.5% in the first quarter. Parallel Advisors LLC now owns 409 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 124 shares during the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Leidos in the fourth quarter valued at approximately $38,000. Institutional investors own 76.23% of the company’s stock.

Leidos Price Performance

Shares of LDOS stock opened at $90.68 on Friday. Leidos Holdings, Inc. has a 12-month low of $81.07 and a 12-month high of $111.12. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 2.12 and a beta of 0.75. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average of $98.22 and a 200-day moving average of $101.77.

Leidos (NYSE:LDOSGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The aerospace company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.04. Leidos had a net margin of 5.15% and a return on equity of 22.18%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that Leidos Holdings, Inc. will post 6.35 earnings per share for the current year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.44 annualized dividend and a yield of 1.59%. Leidos’s dividend payout ratio is currently 27.96%.

Insider Activity at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 3,155 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $101.52, for a total transaction of $320,295.60. Following the sale, the director now directly owns 17,515 shares of the company’s stock, valued at approximately $1,778,122.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Leidos in a research note on Monday, August 29th. They issued a “sector perform” rating and a $106.00 target price for the company. Wells Fargo & Company lowered their price target on shares of Leidos from $109.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, August 3rd. Morgan Stanley raised their price target on shares of Leidos from $107.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, August 3rd. Finally, Barclays lowered shares of Leidos from an “overweight” rating to an “equal weight” rating and set a $105.00 price target for the company. in a report on Tuesday, June 7th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.13.

About Leidos

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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. It operates through three segments: Defense Solutions, Civil, and Health. 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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