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

Commerce Bank increased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 9.0% in the 3rd quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. increased its stake in Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 146 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Leidos in the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new position in Leidos during the 3rd quarter worth approximately $30,000. 1832 Asset Management L.P. acquired a new position in Leidos during the 2nd quarter worth approximately $34,000. Finally, Blue Trust Inc. boosted its holdings in Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LDOS shares. Wells Fargo & Company upped their target price on Leidos from $183.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Barclays upped their price objective on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Royal Bank of Canada lifted their price objective on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Citigroup upped their target price on shares of Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Truist Financial cut their price target on Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $189.69.

Leidos Trading Down 1.2 %

NYSE LDOS opened at $163.59 on Tuesday. The stock has a market capitalization of $21.83 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.11 and a beta of 0.68. The business’s fifty day moving average is $170.53 and its 200-day moving average is $156.44. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a one year low of $105.52 and a one year high of $202.90.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the company earned $2.03 earnings per share. Leidos’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts predict that Leidos Holdings, Inc. will post 10.04 EPS for the current year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This is an increase from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Leidos’s dividend payout ratio (DPR) is 18.22%.

Insiders Place Their Bets

In related news, Director Noel B. Geer purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $322,260. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Surya N. Mohapatra sold 2,748 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the sale, the director now owns 20,001 shares of the company’s stock, valued at approximately $3,899,594.97. This represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

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.