OLD National Bancorp IN Buys 628 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

OLD National Bancorp IN grew its position in Leidos Holdings, Inc. (NYSE:LDOS) by 30.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,688 shares of the aerospace company’s stock after buying an additional 628 shares during the period. OLD National Bancorp IN’s holdings in Leidos were worth $392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC raised its stake in Leidos by 209.0% in the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after buying an additional 186 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Leidos in the 4th quarter valued at approximately $35,000. Tidemark LLC acquired a new stake in Leidos in the 4th quarter worth approximately $41,000. Friedenthal Financial purchased a new stake in Leidos during the 4th quarter worth approximately $43,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Leidos by 122.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on LDOS shares. Bank of America lifted their price objective on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays boosted their price target on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada raised their price objective on Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. StockNews.com upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Finally, Stifel Nicolaus raised their price target on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Two research 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 MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and an average price target of $162.25.

Insider Buying and Selling

In related news, CEO Thomas Arthur Bell acquired 1,712 shares of Leidos stock in a transaction on Thursday, August 1st. The stock was bought at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the transaction, the chief executive officer now owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Roy E. Stevens sold 875 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $150.67, for a total value of $131,836.25. Following the transaction, the insider now directly owns 44,149 shares of the company’s stock, valued at $6,651,929.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas Arthur Bell acquired 1,712 shares of the company’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 purchase, the chief executive officer now owns 22,398 shares in the company, valued at approximately $3,248,605.92. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by insiders.

Leidos Stock Performance

Leidos stock traded down $0.17 during mid-day trading on Friday, hitting $144.21. The company had a trading volume of 1,018,885 shares, compared to its average volume of 1,050,969. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of 62.16, a P/E/G ratio of 1.45 and a beta of 0.68. Leidos Holdings, Inc. has a 12-month low of $89.22 and a 12-month high of $155.45. The company’s fifty day moving average is $146.75 and its 200-day moving average is $135.62. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that Leidos Holdings, Inc. will post 8.94 EPS for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.38 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.05%. Leidos’s dividend payout ratio 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.