Trustmark National Bank Trust Department Acquires New Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Trustmark National Bank Trust Department purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,332 shares of the aerospace company’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LDOS. Ballentine Partners LLC raised its position in Leidos by 3.5% in the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock worth $297,000 after acquiring an additional 62 shares in the last quarter. Key Financial Inc grew its stake in Leidos by 6.5% during the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock valued at $166,000 after purchasing an additional 70 shares in the last quarter. Asahi Life Asset Management CO. LTD. grew its position in shares of Leidos by 3.2% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock worth $372,000 after acquiring an additional 70 shares in the last quarter. Somerset Trust Co boosted its position in Leidos by 3.5% during the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after purchasing an additional 83 shares during the period. Finally, Apella Capital LLC raised its stake in Leidos by 0.8% during the 3rd quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock valued at $1,878,000 after acquiring an additional 89 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Stock Performance

Leidos stock opened at $165.11 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $22.03 billion, a PE ratio of 18.81, a P/E/G ratio of 1.06 and a beta of 0.68. The firm has a fifty day simple moving average of $170.16 and a two-hundred day simple moving average of $155.99. Leidos Holdings, Inc. has a twelve month low of $105.50 and a twelve month high of $202.90.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the company earned $2.03 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts expect that Leidos Holdings, Inc. will post 10.07 EPS for the current year.

Leidos Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. This is a boost from Leidos’s previous quarterly dividend of $0.38. Leidos’s payout ratio is currently 17.31%.

Insider Activity at Leidos

In other news, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction that occurred on 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 in the company, valued at $3,899,594.97. This represents a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the completion of the sale, the director now owns 6,408 shares in the company, valued at $1,185,095.52. This represents a 14.04 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on LDOS. The Goldman Sachs Group upped their target price on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their target price on Leidos from $183.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Truist Financial lifted their target price on Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup boosted their price target on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price target on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Leidos presently has a consensus rating of “Moderate Buy” and an average price target of $191.23.

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.