First Hawaiian Bank Has $354,000 Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

First Hawaiian Bank grew its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,701 shares of the aerospace company’s stock after purchasing an additional 154 shares during the quarter. First Hawaiian Bank’s holdings in Leidos were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Leidos during the 4th quarter worth approximately $28,000. Lindbrook Capital LLC raised its stake in Leidos by 209.0% during the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock worth $30,000 after buying an additional 186 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in Leidos during the 4th quarter worth approximately $35,000. Itau Unibanco Holding S.A. acquired a new position in Leidos during the 3rd quarter worth approximately $30,000. Finally, Tidemark LLC acquired a new position in Leidos during the 4th quarter worth approximately $41,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Leidos

In related news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the transaction, the insider now owns 44,149 shares in the company, valued at $6,651,929.83. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.96% of the stock is owned by company insiders.

Leidos Stock Performance

LDOS stock opened at $146.57 on Friday. The firm has a market cap of $19.82 billion, a PE ratio of 63.18, a P/E/G ratio of 1.51 and a beta of 0.69. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07. The business has a 50 day moving average of $141.67 and a 200-day moving average of $126.26. Leidos Holdings, Inc. has a 12-month low of $84.23 and a 12-month high of $151.32.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, beating the consensus estimate of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the business earned $1.47 earnings per share. Leidos’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, sell-side analysts expect that Leidos Holdings, Inc. will post 8.75 earnings per share for the current year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 1.04%. Leidos’s payout ratio is 65.52%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank of Canada upped their price target on Leidos from $120.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company boosted their price objective on Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Jefferies Financial Group boosted their price objective on Leidos from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. Robert W. Baird boosted their price objective on Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Bank of America boosted their price objective on Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.67.

Leidos 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.