MidWestOne Financial Group Inc. Has $1.77 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

MidWestOne Financial Group Inc. lessened its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1.5% during the second quarter, Holdings Channel.com reports. The fund owned 12,099 shares of the aerospace company’s stock after selling 183 shares during the period. MidWestOne Financial Group Inc.’s holdings in Leidos were worth $1,765,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in Leidos by 18.3% during the fourth quarter. Franklin Resources Inc. now owns 74,671 shares of the aerospace company’s stock worth $8,082,000 after purchasing an additional 11,576 shares during the period. US Bancorp DE boosted its position in shares of Leidos by 7.1% during the 4th quarter. US Bancorp DE now owns 7,686 shares of the aerospace company’s stock worth $832,000 after acquiring an additional 509 shares in the last quarter. Hsbc Holdings PLC increased its stake in Leidos by 22.1% in the fourth quarter. Hsbc Holdings PLC now owns 172,458 shares of the aerospace company’s stock valued at $18,658,000 after acquiring an additional 31,234 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Leidos by 9.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,779 shares of the aerospace company’s stock valued at $193,000 after purchasing an additional 157 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Leidos by 6.0% during the fourth quarter. Stifel Financial Corp now owns 130,024 shares of the aerospace company’s stock worth $14,074,000 after purchasing an additional 7,352 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LDOS shares. Royal Bank of Canada lifted their price target on Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their target price on Leidos from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. TD Cowen boosted their target price on Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Truist Financial raised their price target on shares of Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, Stifel Nicolaus upped their price objective on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $163.08.

Insider Activity at Leidos

In other news, CEO Thomas Arthur Bell purchased 1,712 shares of the stock in a transaction on Thursday, August 1st. The stock was purchased at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the acquisition, the chief executive officer now owns 22,398 shares in the company, valued at $3,248,605.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Gary Stephen May sold 1,000 shares of the company’s 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 sale, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Arthur Bell bought 1,712 shares of the stock in a transaction on Thursday, August 1st. The stock was acquired at an average price of $145.04 per share, with a total value of $248,308.48. Following the completion of the acquisition, the chief executive officer now owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by company insiders.

Leidos Trading Up 0.8 %

Shares of NYSE LDOS opened at $159.69 on Friday. The firm has a 50 day moving average price of $151.91 and a two-hundred day moving average price of $143.72. The stock has a market cap of $21.51 billion, a P/E ratio of 68.83, a price-to-earnings-growth ratio of 1.41 and a beta of 0.70. Leidos Holdings, Inc. has a 52-week low of $89.22 and a 52-week high of $160.32. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21.

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

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, September 13th. Leidos’s dividend payout ratio is currently 65.52%.

Leidos Company 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.