Leidos Holdings, Inc. (LDOS) Cut to “C+” at TheStreet
Other research analysts also recently issued research reports about the company. ValuEngine upgraded Leidos Holdings from a hold rating to a buy rating in a research note on Thursday, August 17th. Goldman Sachs Group, Inc. (The) upgraded Leidos Holdings from a neutral rating to a buy rating and increased their price target for the stock from $61.00 to $68.00 in a research note on Thursday, August 10th. Argus raised their target price on Leidos Holdings from $62.00 to $64.00 and gave the stock a buy rating in a research note on Thursday, August 31st. Zacks Investment Research upgraded Leidos Holdings from a hold rating to a buy rating and set a $60.00 target price for the company in a research note on Thursday, May 18th. Finally, Cowen and Company restated a buy rating on shares of Leidos Holdings in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Leidos Holdings presently has an average rating of Buy and a consensus target price of $61.78.
Leidos Holdings (NYSE LDOS) traded up 0.54% during mid-day trading on Thursday, hitting $57.42. 236,834 shares of the stock were exchanged. Leidos Holdings has a 1-year low of $40.96 and a 1-year high of $58.94. The stock has a 50 day moving average price of $55.92 and a 200 day moving average price of $53.82. The company has a market capitalization of $8.68 billion, a PE ratio of 25.73 and a beta of 1.71.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.27. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The firm’s quarterly revenue was up 99.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. On average, equities analysts anticipate that Leidos Holdings will post $3.55 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, September 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.24%. Leidos Holdings’s dividend payout ratio is presently 55.65%.
In related news, VP Jerald S. Howe, Jr. bought 2,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of $55.32 per share, with a total value of $110,640.00. Following the completion of the acquisition, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $110,640. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 800 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the sale, the director now directly owns 6,680 shares in the company, valued at $372,410. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Cipher Capital LP boosted its holdings in Leidos Holdings by 182.6% in the second quarter. Cipher Capital LP now owns 69,574 shares of the aerospace company’s stock worth $3,596,000 after acquiring an additional 44,952 shares in the last quarter. Reilly Financial Advisors LLC boosted its holdings in Leidos Holdings by 10.4% in the second quarter. Reilly Financial Advisors LLC now owns 21,175 shares of the aerospace company’s stock worth $1,095,000 after acquiring an additional 2,000 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Leidos Holdings by 249.3% in the second quarter. Canada Pension Plan Investment Board now owns 13,310 shares of the aerospace company’s stock worth $688,000 after acquiring an additional 9,500 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in Leidos Holdings in the first quarter worth $6,956,000. Finally, Pacer Advisors Inc. boosted its holdings in Leidos Holdings by 11.5% in the second quarter. Pacer Advisors Inc. now owns 23,749 shares of the aerospace company’s stock worth $1,228,000 after acquiring an additional 2,444 shares in the last quarter. 75.15% of the stock is currently owned by institutional investors and hedge funds.
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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