Trustmark National Bank Trust Department Invests $217,000 in Leidos Holdings, Inc. (NYSE:LDOS)

Trustmark National Bank Trust Department bought a new position in Leidos Holdings, Inc. (NYSE:LDOS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,332 shares of the aerospace company’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Moran Wealth Management LLC bought a new position in Leidos in the 3rd quarter worth approximately $8,481,000. Moors & Cabot Inc. raised its position in Leidos by 2.7% in the 3rd quarter. Moors & Cabot Inc. now owns 4,086 shares of the aerospace company’s stock worth $666,000 after purchasing an additional 108 shares during the last quarter. Advisors Asset Management Inc. raised its position in Leidos by 24.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 21,004 shares of the aerospace company’s stock worth $3,424,000 after purchasing an additional 4,175 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Leidos in the 3rd quarter worth approximately $2,971,000. Finally, Commerce Bank raised its position in Leidos by 9.0% in the 3rd quarter. Commerce Bank now owns 4,693 shares of the aerospace company’s stock worth $765,000 after purchasing an additional 386 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Leidos

In other news, Director Surya N. Mohapatra sold 2,748 shares of the business’s 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 completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the sale, the director now owns 6,408 shares of the company’s stock, valued at $1,185,095.52. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Stock Performance

NYSE LDOS opened at $165.11 on Friday. Leidos Holdings, Inc. has a 1 year low of $105.50 and a 1 year 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. The firm has a market capitalization of $22.03 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.06 and a beta of 0.68. The firm’s 50 day simple moving average is $170.16 and its 200 day simple moving average is $155.99.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the firm posted $2.03 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts expect that Leidos Holdings, Inc. will post 10.07 earnings per share for the current fiscal year.

Leidos Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LDOS shares. Robert W. Baird boosted their price objective on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Bank of America boosted their price objective on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada upped their target price on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Truist Financial upped their price objective on shares of Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.23.

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.