MidWestOne Financial Group Inc. Boosts Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

MidWestOne Financial Group Inc. boosted its position in Leidos Holdings, Inc. (NYSE:LDOS) by 10.9% in the third quarter, HoldingsChannel.com reports. The firm owned 13,423 shares of the aerospace company’s stock after acquiring an additional 1,324 shares during the period. MidWestOne Financial Group Inc.’s holdings in Leidos were worth $2,188,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. grew its holdings in Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 146 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Leidos during the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC purchased a new stake in Leidos in the third quarter valued at about $30,000. 1832 Asset Management L.P. purchased a new stake in shares of Leidos during the second quarter worth about $34,000. Finally, Blue Trust Inc. increased its holdings in shares of Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 201 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LDOS has been the topic of several research analyst reports. TD Cowen boosted their target price on shares of Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on Leidos from $230.00 to $205.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Barclays raised their price target on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Robert W. Baird upped their price target on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.36.

Leidos Price Performance

NYSE:LDOS opened at $160.31 on Tuesday. The firm has a market cap of $21.39 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 1.10 and a beta of 0.64. The stock has a 50 day moving average of $171.76 and a two-hundred day moving average of $157.54. Leidos Holdings, Inc. has a 12 month low of $105.52 and a 12 month high of $202.90. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the prior year, the company earned $2.03 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, analysts expect that Leidos Holdings, Inc. will post 10.04 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.40 dividend. This is an increase from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. Leidos’s dividend payout ratio is presently 17.31%.

Insiders Place Their Bets

In other Leidos news, Director Noel B. Geer acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $322,260. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the transaction, the director now owns 20,001 shares of the company’s stock, valued at $3,899,594.97. The trade was a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

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.