Busey Bank Increases Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Busey Bank lifted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,921 shares of the aerospace company’s stock after buying an additional 1,143 shares during the period. Busey Bank owned about 0.07% of Leidos worth $14,106,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Fiduciary Trust Co boosted its position in Leidos by 36.4% in the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock worth $3,902,000 after purchasing an additional 6,395 shares during the last quarter. Atria Investments Inc boosted its position in Leidos by 100.1% in the third quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock worth $1,440,000 after purchasing an additional 4,421 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Leidos by 51.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock worth $136,491,000 after purchasing an additional 283,558 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in Leidos by 21.4% in the third quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock worth $8,992,000 after purchasing an additional 9,710 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in Leidos in the third quarter worth $4,622,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insiders Place Their Bets

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

Leidos Stock Performance

NYSE:LDOS opened at $140.24 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. Leidos Holdings, Inc. has a 52-week low of $108.97 and a 52-week high of $202.90. The firm has a market cap of $18.71 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.06 and a beta of 0.66. The business’s fifty day moving average is $153.40 and its 200 day moving average is $158.32.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.03 EPS. Research analysts predict that Leidos Holdings, Inc. will post 10.03 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group assumed coverage on Leidos in a research report on Monday, December 2nd. They issued a “neutral” rating and a $182.00 price objective on the stock. Truist Financial lowered their target price on Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and lowered their target price for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Wells Fargo & Company lowered their target price on Leidos from $205.00 to $199.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and lowered their target price for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $179.07.

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.