Eaton Vance Management Increases Position in Leidos Holdings, Inc. (LDOS)
Eaton Vance Management boosted its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 9,004.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,144,569 shares of the aerospace company’s stock after buying an additional 1,131,997 shares during the period. Eaton Vance Management owned approximately 0.76% of Leidos Holdings worth $59,163,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Engineers Gate Manager LP acquired a new position in Leidos Holdings in the 2nd quarter valued at about $4,732,000. Tredje AP fonden acquired a new position in Leidos Holdings in the 2nd quarter valued at about $1,829,000. Schroder Investment Management Group grew its stake in Leidos Holdings by 16.2% in the 2nd quarter. Schroder Investment Management Group now owns 1,787,580 shares of the aerospace company’s stock valued at $91,989,000 after buying an additional 248,674 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in Leidos Holdings by 69.9% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 53,337 shares of the aerospace company’s stock valued at $2,757,000 after buying an additional 21,940 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Leidos Holdings by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,940 shares of the aerospace company’s stock valued at $1,082,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 75.15% of the company’s stock.
Shares of Leidos Holdings, Inc. (LDOS) traded down 0.80% during mid-day trading on Friday, hitting $57.24. 39,272 shares of the stock were exchanged. Leidos Holdings, Inc. has a 52 week low of $40.96 and a 52 week high of $58.94. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 25.65 and a beta of 1.71. The stock’s 50-day moving average is $55.75 and its 200-day moving average is $53.78.
Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, beating the 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 net margin of 3.34% and a return on equity of 17.35%. Leidos Holdings’s revenue for the quarter was up 99.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. Analysts forecast that Leidos Holdings, Inc. will post $3.55 earnings per share for the current fiscal year.
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LDOS has been the topic of a number of research reports. Cowen and Company reiterated an “outperform” rating and issued a $66.00 price target (up previously from $62.00) on shares of Leidos Holdings in a research note on Wednesday, August 9th. Argus upped their price target on shares of Leidos Holdings from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, August 31st. BidaskClub upgraded shares of Leidos Holdings from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday, May 18th. Finally, ValuEngine upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Leidos Holdings has an average rating of “Buy” and an average price target of $61.78.
In other news, VP Jerald S. Howe, Jr. acquired 2,000 shares of Leidos Holdings stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average price of $55.32 per share, with a total value of $110,640.00. Following the completion of the purchase, the vice president now owns 2,000 shares in the company, valued at $110,640. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 800 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $55.75, for a total transaction of $44,600.00. Following the transaction, the director now directly owns 6,680 shares of the company’s stock, valued at approximately $372,410. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.
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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