Commerce Bank Buys 386 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Commerce Bank grew its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,693 shares of the aerospace company’s stock after purchasing an additional 386 shares during the quarter. Commerce Bank’s holdings in Leidos were worth $765,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LDOS. Millennium Management LLC boosted its stake in Leidos by 156.5% in the 2nd quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock valued at $165,356,000 after purchasing an additional 691,575 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Leidos by 1,184.3% in the second quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock valued at $73,213,000 after acquiring an additional 462,792 shares in the last quarter. International Assets Investment Management LLC increased its position in Leidos by 24,194.3% during the third quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock worth $61,459,000 after acquiring an additional 375,495 shares during the period. AQR Capital Management LLC raised its stake in Leidos by 76.9% in the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after purchasing an additional 303,775 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Leidos by 138.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company’s stock worth $67,840,000 after buying an additional 300,486 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

LDOS has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Royal Bank of Canada upped their price objective on shares of Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on shares of Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Bank of America boosted their target price on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Truist Financial reduced their price target on shares of Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $189.69.

Leidos Price Performance

Leidos stock opened at $163.59 on Tuesday. The company has a market capitalization of $21.83 billion, a PE ratio of 18.63, a P/E/G ratio of 1.11 and a beta of 0.68. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average price of $170.53 and a two-hundred day moving average price of $156.44. Leidos Holdings, Inc. has a 12 month low of $105.52 and a 12 month high of $202.90.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period last year, the company earned $2.03 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Leidos Holdings, Inc. will post 10.04 EPS for the current year.

Leidos Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.40 per share. This is a positive change from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Monday, December 16th. Leidos’s dividend payout ratio (DPR) is currently 18.22%.

Insiders Place Their Bets

In other news, Director Noel B. Geer purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $322,260. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at approximately $1,185,095.52. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Profile

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.