KBC Group NV Has $1.47 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

KBC Group NV cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 21.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,857 shares of the aerospace company’s stock after selling 3,012 shares during the quarter. KBC Group NV’s holdings in Leidos were worth $1,465,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sowell Financial Services LLC acquired a new position in shares of Leidos in the 1st quarter valued at approximately $267,000. HM Payson & Co. boosted its position in Leidos by 959.8% during the 4th quarter. HM Payson & Co. now owns 2,374 shares of the aerospace company’s stock worth $342,000 after acquiring an additional 2,150 shares during the last quarter. Invesco Ltd. boosted its position in Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock worth $378,942,000 after acquiring an additional 682,532 shares during the last quarter. MidWestOne Financial Group Inc. boosted its position in Leidos by 47.8% during the 4th quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company’s stock worth $2,858,000 after acquiring an additional 6,418 shares during the last quarter. Finally, LBP AM SA boosted its position in Leidos by 54.8% during the 4th quarter. LBP AM SA now owns 21,665 shares of the aerospace company’s stock worth $3,121,000 after acquiring an additional 7,665 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LDOS has been the subject of a number of recent research reports. Robert W. Baird downgraded Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 price target for the company. in a research report on Tuesday, May 27th. Wall Street Zen downgraded Leidos from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. Stifel Nicolaus set a $178.00 price target on Leidos and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Truist Financial reduced their price target on Leidos from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Royal Bank Of Canada increased their price objective on Leidos from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $177.46.

Leidos Stock Up 1.3%

LDOS opened at $164.66 on Friday. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The stock’s fifty day simple moving average is $151.75 and its 200 day simple moving average is $144.28. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. The stock has a market cap of $21.20 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.97 and a beta of 0.64.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.50. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.29 EPS. As a group, research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Monday, June 16th. Leidos’s payout ratio is currently 16.10%.

Insiders Place Their Bets

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the transaction, the director owned 20,195 shares of the company’s stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is owned by company insiders.

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.