Fulton Bank N.A. Purchases 122 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Fulton Bank N.A. lifted its position in shares of Leidos Holdings, Inc. (NYSE:LDOSGet Rating) by 4.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,741 shares of the aerospace company’s stock after purchasing an additional 122 shares during the quarter. Fulton Bank N.A.’s holdings in Leidos were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Leidos by 1.1% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,369 shares of the aerospace company’s stock valued at $904,000 after purchasing an additional 93 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Leidos by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the aerospace company’s stock valued at $978,000 after buying an additional 100 shares during the last quarter. United Capital Financial Advisers LLC raised its stake in Leidos by 1.6% during the first quarter. United Capital Financial Advisers LLC now owns 6,651 shares of the aerospace company’s stock valued at $718,000 after buying an additional 107 shares during the last quarter. M&T Bank Corp raised its stake in Leidos by 1.0% during the first quarter. M&T Bank Corp now owns 11,373 shares of the aerospace company’s stock valued at $1,227,000 after buying an additional 111 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Leidos by 27.1% during the first quarter. EverSource Wealth Advisors LLC now owns 553 shares of the aerospace company’s stock valued at $59,000 after buying an additional 118 shares during the last quarter. 76.23% of the stock is currently owned by institutional investors.

Insider Transactions at Leidos

In related news, Director Surya N. Mohapatra sold 3,155 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $101.52, for a total transaction of $320,295.60. Following the completion of the transaction, the director now directly owns 17,515 shares of the company’s stock, valued at $1,778,122.80. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.67% of the company’s stock.

Leidos Stock Performance

NYSE:LDOS opened at $93.29 on Monday. The stock has a 50-day simple moving average of $98.81 and a two-hundred day simple moving average of $102.12. Leidos Holdings, Inc. has a 52-week low of $81.07 and a 52-week high of $111.12. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.83 and a current ratio of 0.90. The firm has a market capitalization of $12.74 billion, a PE ratio of 18.11, a P/E/G ratio of 2.12 and a beta of 0.75.

Leidos (NYSE:LDOSGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The aerospace company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.04. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.52 billion. Leidos had a return on equity of 22.18% and a net margin of 5.15%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 earnings per share. Analysts forecast that Leidos Holdings, Inc. will post 6.35 EPS for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Wednesday, September 14th. Leidos’s dividend payout ratio (DPR) is 27.96%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Leidos from $109.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 3rd. Barclays cut Leidos from an “overweight” rating to an “equal weight” rating and set a $105.00 price objective for the company. in a research report on Tuesday, June 7th. Royal Bank of Canada started coverage on Leidos in a research report on Monday, August 29th. They set a “sector perform” rating and a $106.00 price objective for the company. Finally, Morgan Stanley upped their price objective on Leidos from $107.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average price target of $112.13.

Leidos Profile

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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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