Security National Bank of SO Dak Has $2.65 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Security National Bank of SO Dak boosted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,176 shares of the aerospace company’s stock after purchasing an additional 360 shares during the period. Leidos comprises about 1.6% of Security National Bank of SO Dak’s investment portfolio, making the stock its 19th biggest position. Security National Bank of SO Dak’s holdings in Leidos were worth $2,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LDOS. Boston Partners grew its holdings in shares of Leidos by 5.8% during the first quarter. Boston Partners now owns 3,430,264 shares of the aerospace company’s stock worth $449,592,000 after purchasing an additional 188,458 shares during the last quarter. Northern Trust Corp grew its holdings in Leidos by 0.5% during the 4th quarter. Northern Trust Corp now owns 1,149,948 shares of the aerospace company’s stock worth $124,470,000 after acquiring an additional 6,284 shares during the last quarter. Millennium Management LLC grew its holdings in Leidos by 156.5% during the 2nd quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock worth $165,356,000 after acquiring an additional 691,575 shares during the last quarter. Panagora Asset Management Inc. increased its position in Leidos by 39.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 782,161 shares of the aerospace company’s stock valued at $114,102,000 after acquiring an additional 222,179 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Leidos by 76.9% in the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after acquiring an additional 303,775 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Leidos

In related news, CEO Thomas Arthur Bell acquired 1,712 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $145.04 per share, with a total value of $248,308.48. Following the transaction, the chief executive officer now owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Leidos news, CEO Thomas Arthur Bell purchased 1,712 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $145.04 per share, with a total value of $248,308.48. Following the purchase, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LDOS has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Leidos from $168.00 to $172.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Bank of America increased their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. TD Cowen boosted their target price on Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Citigroup upped their price target on Leidos from $165.00 to $169.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus lifted their price objective on 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $163.08.

Leidos Stock Performance

Shares of LDOS stock opened at $158.43 on Friday. The stock has a market cap of $21.42 billion, a PE ratio of 68.29, a price-to-earnings-growth ratio of 1.43 and a beta of 0.70. The stock has a 50-day moving average of $151.91 and a 200-day moving average of $143.72. 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 $160.32.

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. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 earnings per share. As a group, sell-side analysts expect that Leidos Holdings, Inc. will post 8.95 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, September 13th. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

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.