Hsbc Holdings PLC Has $39.47 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Hsbc Holdings PLC lifted its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 2.2% during the 2nd quarter, Holdings Channel reports. The fund owned 269,973 shares of the aerospace company’s stock after acquiring an additional 5,771 shares during the quarter. Hsbc Holdings PLC’s holdings in Leidos were worth $39,473,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of LDOS. Tidemark LLC acquired a new position in Leidos in the fourth quarter worth $41,000. Blue Trust Inc. raised its holdings in shares of Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after buying an additional 201 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Leidos by 122.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after buying an additional 169 shares in the last quarter. Principal Securities Inc. bought a new stake in Leidos during the 4th quarter worth about $49,000. Finally, Family Firm Inc. acquired a new stake in Leidos in the 2nd quarter valued at about $60,000. 76.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the transaction, the director now directly owns 7,455 shares of the company’s stock, valued at $1,082,689.65. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on LDOS shares. Barclays increased their price target on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Wells Fargo & Company increased their price objective on Leidos from $168.00 to $172.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Truist Financial boosted their target price on Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Royal Bank of Canada raised their price target on Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $163.08.

Leidos Stock Performance

Shares of LDOS stock opened at $157.06 on Friday. The stock has a market cap of $21.16 billion, a PE ratio of 67.70, a price-to-earnings-growth ratio of 1.38 and a beta of 0.70. The stock has a 50-day moving average of $151.25 and a 200-day moving average of $142.91. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. Leidos Holdings, Inc. has a one year low of $89.22 and a one year high of $159.10.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the firm earned $1.80 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts expect that Leidos Holdings, Inc. will post 8.95 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.97%. Leidos’s payout ratio is 65.52%.

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.