Fifth Third Bancorp Buys 262 Shares of Leidos Holdings, Inc. $LDOS

Fifth Third Bancorp grew its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 10.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,878 shares of the aerospace company’s stock after purchasing an additional 262 shares during the period. Fifth Third Bancorp’s holdings in Leidos were worth $454,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LDOS. MCF Advisors LLC bought a new stake in shares of Leidos during the 1st quarter valued at about $27,000. Optimum Investment Advisors boosted its stake in shares of Leidos by 260.0% during the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Leidos during the 1st quarter valued at about $33,000. N.E.W. Advisory Services LLC bought a new stake in shares of Leidos during the 1st quarter valued at about $54,000. Finally, Sentry Investment Management LLC bought a new stake in shares of Leidos during the 1st quarter valued at about $55,000. Institutional investors own 76.12% of the company’s stock.

Insider Activity

In other news, Director Gary Stephen May sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the completion of the transaction, the director directly owned 10,137 shares of the company’s stock, valued at $1,804,892.85. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory R. Dahlberg sold 952 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $168,913.36. Following the transaction, the director directly owned 21,068 shares of the company’s stock, valued at $3,738,095.24. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,975 shares of company stock valued at $4,078,740 over the last three months. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada raised shares of Leidos from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 4th. Citigroup reissued a “buy” rating and set a $190.00 price target (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Wall Street Zen cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. UBS Group lifted their price target on shares of Leidos from $168.00 to $184.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Finally, Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the company a “buy” rating in a research report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $185.21.

Leidos Stock Up 0.5%

LDOS opened at $185.78 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average price of $177.16 and a 200-day moving average price of $158.57. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The stock has a market capitalization of $23.83 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.73 and a beta of 0.71.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.58. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the previous year, the company earned $2.63 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, September 15th. Leidos’s payout ratio is presently 15.12%.

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.