Lincoln National Corp Has $2.59 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Lincoln National Corp lifted its holdings in Leidos Holdings, Inc. (NYSE:LDOSFree Report) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,723 shares of the aerospace company’s stock after buying an additional 761 shares during the period. Lincoln National Corp’s holdings in Leidos were worth $2,586,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in Leidos by 0.8% during the fourth quarter. Victory Capital Management Inc. now owns 4,923,663 shares of the aerospace company’s stock valued at $532,937,000 after buying an additional 39,174 shares in the last quarter. Wellington Management Group LLP raised its holdings in Leidos by 6.2% during the third quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company’s stock valued at $429,501,000 after buying an additional 272,090 shares in the last quarter. Norges Bank bought a new position in shares of Leidos in the fourth quarter worth about $202,191,000. Dimensional Fund Advisors LP increased its stake in shares of Leidos by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,841,723 shares of the aerospace company’s stock worth $199,344,000 after purchasing an additional 45,079 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Leidos by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,185,694 shares of the aerospace company’s stock worth $128,340,000 after purchasing an additional 24,041 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LDOS. Barclays lifted their price objective on Leidos from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Jefferies Financial Group lifted their price objective on Leidos from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, April 10th. Wells Fargo & Company boosted their price target on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Bank of America boosted their price target on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Finally, Royal Bank of Canada boosted their price target on Leidos from $120.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and an average target price of $146.08.

Get Our Latest Report on LDOS

Insiders Place Their Bets

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

Leidos Stock Up 0.0 %

Shares of LDOS opened at $145.56 on Tuesday. The company has a market capitalization of $19.68 billion, a P/E ratio of 62.74, a PEG ratio of 1.50 and a beta of 0.68. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24. Leidos Holdings, Inc. has a one year low of $87.73 and a one year high of $151.32. The business’s 50 day simple moving average is $145.95 and its 200-day simple moving average is $129.35.

Leidos (NYSE:LDOSGet Free Report) last announced its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.70 by $0.59. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. Leidos’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 EPS. As a group, sell-side analysts predict that Leidos Holdings, Inc. will post 8.75 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Friday, June 14th. Leidos’s dividend payout ratio is 65.52%.

About Leidos

(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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