Fifth Third Bancorp Lowers Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Fifth Third Bancorp trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 4.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,616 shares of the aerospace company’s stock after selling 122 shares during the period. Fifth Third Bancorp’s holdings in Leidos were worth $353,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Leidos by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company’s stock worth $2,225,784,000 after acquiring an additional 84,003 shares during the last quarter. Geode Capital Management LLC raised its holdings in Leidos by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company’s stock worth $487,649,000 after acquiring an additional 27,410 shares during the last quarter. Invesco Ltd. raised its holdings in Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock worth $378,942,000 after acquiring an additional 682,532 shares during the last quarter. First Trust Advisors LP raised its holdings in Leidos by 8.9% in the 4th quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company’s stock worth $273,920,000 after acquiring an additional 155,481 shares during the last quarter. Finally, Norges Bank purchased a new position in Leidos in the 4th quarter worth approximately $266,419,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the transaction, the director now owns 20,195 shares of the company’s stock, valued at $3,121,137.25. This represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LDOS shares. William Blair downgraded shares of Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Truist Financial cut their target price on shares of Leidos from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Wells Fargo & Company lifted their target price on shares of Leidos from $173.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Robert W. Baird downgraded shares of Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 target price for the company. in a research report on Tuesday, May 27th. Finally, UBS Group lifted their target price on shares of Leidos from $149.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $176.46.

Leidos Trading Down 0.7%

Shares of LDOS stock opened at $148.29 on Thursday. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The firm has a fifty day moving average price of $148.57 and a 200-day moving average price of $144.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. The company has a market cap of $19.09 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.82 and a beta of 0.63.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.50. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the firm posted $2.29 EPS. Leidos’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. Leidos’s dividend payout ratio is presently 16.10%.

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.