Busey Bank Acquires 17,856 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Busey Bank raised its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 32.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,581 shares of the aerospace company's stock after acquiring an additional 17,856 shares during the quarter. Busey Bank owned approximately 0.05% of Leidos worth $7,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LDOS. Norges Bank acquired a new position in shares of Leidos during the fourth quarter worth $167,042,000. BlackRock Inc. lifted its holdings in Leidos by 10.9% in the 1st quarter. BlackRock Inc. now owns 15,010,106 shares of the aerospace company's stock valued at $1,381,830,000 after acquiring an additional 1,475,772 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Leidos by 320.1% in the 3rd quarter. Pzena Investment Management LLC now owns 1,246,768 shares of the aerospace company's stock valued at $114,902,000 after acquiring an additional 949,955 shares during the last quarter. FMR LLC boosted its holdings in shares of Leidos by 36.1% in the third quarter. FMR LLC now owns 1,808,666 shares of the aerospace company's stock worth $166,687,000 after buying an additional 479,906 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Leidos by 314.2% in the first quarter. Renaissance Technologies LLC now owns 477,350 shares of the aerospace company's stock worth $43,945,000 after buying an additional 362,100 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Trading Up 0.4 %

Shares of NYSE LDOS traded up $0.57 during midday trading on Monday, reaching $129.23. The company had a trading volume of 779,836 shares, compared to its average volume of 815,722. Leidos Holdings, Inc. has a one year low of $76.58 and a one year high of $131.50. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.10. The firm's fifty day moving average price is $124.35 and its 200-day moving average price is $110.58. The stock has a market cap of $17.46 billion, a PE ratio of 91.01, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.25. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the company earned $1.83 EPS. The business's revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post 7.76 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Thursday, March 14th. Leidos's payout ratio is currently 107.04%.

Insider Activity at Leidos

In other news, Director David G. Fubini sold 7,874 shares of the business's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares in the company, valued at $1,879,471.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director David G. Fubini sold 7,874 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the transaction, the director now owns 14,696 shares of the company's stock, valued at $1,879,471.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary Stephen May sold 2,745 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total value of $341,725.05. Following the completion of the transaction, the director now directly owns 11,352 shares in the company, valued at approximately $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LDOS. Wells Fargo & Company raised their price objective on shares of Leidos from $137.00 to $147.00 and gave the company an "overweight" rating in a research report on Thursday. Robert W. Baird lifted their price target on Leidos from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, February 14th. Royal Bank of Canada boosted their price objective on Leidos from $105.00 to $120.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 14th. Truist Financial boosted their price objective on Leidos from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, February 14th. Finally, Argus boosted their target price on Leidos from $120.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $130.82.

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.