Barings LLC Continues to Hold Position in Leidos Holdings, Inc. (NYSE:LDOS)
Barings LLC held its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,050 shares of the aerospace company’s stock at the end of the first quarter. Barings LLC’s holdings in Leidos Holdings were worth $514,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Capstone Asset Management Co. boosted its stake in Leidos Holdings by 15.6% in the first quarter. Capstone Asset Management Co. now owns 14,086 shares of the aerospace company’s stock valued at $720,000 after buying an additional 1,900 shares during the period. Reilly Financial Advisors LLC boosted its position in Leidos Holdings by 11.5% in the first quarter. Reilly Financial Advisors LLC now owns 19,175 shares of the aerospace company’s stock valued at $981,000 after buying an additional 1,980 shares during the last quarter. Weiss Multi Strategy Advisers LLC acquired a new position in Leidos Holdings during the first quarter valued at about $6,956,000. Norges Bank acquired a new position in Leidos Holdings during the fourth quarter valued at about $68,181,000. Finally, Thrivent Financial for Lutherans boosted its position in Leidos Holdings by 10.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 24,395 shares of the aerospace company’s stock valued at $1,248,000 after buying an additional 2,240 shares during the last quarter. Institutional investors own 74.56% of the company’s stock.
Shares of Leidos Holdings, Inc. (LDOS) traded down 0.79% during mid-day trading on Friday, reaching $56.19. The company’s stock had a trading volume of 2,902,124 shares. The firm’s 50 day moving average is $53.17 and its 200-day moving average is $52.59. The company has a market capitalization of $8.49 billion, a PE ratio of 26.44 and a beta of 1.73. Leidos Holdings, Inc. has a 52-week low of $37.79 and a 52-week high of $56.97.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.27. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Leidos Holdings had a return on equity of 16.70% and a net margin of 3.16%. Leidos Holdings’s revenue for the quarter was up 99.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. Analysts forecast that Leidos Holdings, Inc. will post $3.40 EPS for the current year.
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Several research analysts have issued reports on LDOS shares. Zacks Investment Research cut Leidos Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Cowen and Company increased their price objective on Leidos Holdings from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Finally, BidaskClub lowered Leidos Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $56.50.
About Leidos Holdings
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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