Leidos Holdings Inc. (LDOS) Stock Rating Lowered by Zacks Investment Research
Leidos Holdings Inc. (NYSE:LDOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Leidos Holdings Inc. provides science and technology solutions. The company operates in four segments: Defense Solutions; Health, Energy and Civil Solutions; Intelligence and Cybersecurity Solutions, and Corporate and other. It serves in the areas of national security, engineering and health. Leidos Holdings Inc., formerly known as SAIC, Inc., is headquartered in McLean, Virginia. “
Other equities research analysts have also issued research reports about the company. Credit Suisse Group AG lifted their price objective on Leidos Holdings from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, August 2nd. Jefferies Group reaffirmed a “hold” rating on shares of Leidos Holdings in a report on Monday, August 1st. Argus assumed coverage on Leidos Holdings in a report on Wednesday, September 7th. They issued a “buy” rating and a $54.00 price objective on the stock. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Leidos Holdings in a report on Monday, July 11th. Finally, Citigroup Inc. assumed coverage on Leidos Holdings in a report on Tuesday, September 6th. They issued a “buy” rating and a $47.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Leidos Holdings presently has a consensus rating of “Hold” and an average target price of $50.71.
Shares of Leidos Holdings (NYSE:LDOS) opened at 43.48 on Wednesday. The company has a 50 day moving average price of $42.39 and a 200 day moving average price of $47.59. Leidos Holdings has a 12-month low of $37.79 and a 12-month high of $59.52. The firm has a market cap of $3.17 billion, a PE ratio of 11.43 and a beta of 1.53.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.05. Leidos Holdings had a net margin of 5.13% and a return on equity of 20.06%. The business earned $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. The firm’s revenue was up 2.5% on a year-over-year basis. On average, analysts forecast that Leidos Holdings will post $3.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Tuesday, September 20th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.94%. Leidos Holdings’s dividend payout ratio is currently 35.56%.
In related news, Director Surya N. Mohapatra acquired 3,575 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was purchased at an average cost of $41.48 per share, for a total transaction of $148,291.00. Following the transaction, the director now directly owns 6,143 shares of the company’s stock, valued at approximately $254,811.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Leidos Holdings during the fourth quarter valued at $44,246,000. Aperio Group LLC increased its position in shares of Leidos Holdings by 10.1% in the first quarter. Aperio Group LLC now owns 6,426 shares of the company’s stock valued at $323,000 after buying an additional 588 shares during the period. Nisa Investment Advisors L.L.C. acquired a new position in shares of Leidos Holdings during the first quarter valued at $252,000. Virginia Retirement System acquired a new position in shares of Leidos Holdings during the first quarter valued at $860,000. Finally, TIAA CREF Investment Management LLC increased its position in shares of Leidos Holdings by 11.5% in the first quarter. TIAA CREF Investment Management LLC now owns 378,783 shares of the company’s stock valued at $19,060,000 after buying an additional 39,167 shares during the period. Institutional investors own 61.04% of the company’s stock.
Leidos Holdings Company Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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