Tredje AP fonden Takes $1.83 Million Position in Leidos Holdings, Inc. (LDOS)
Tredje AP fonden bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 35,173 shares of the aerospace company’s stock, valued at approximately $1,829,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Leidos Holdings by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 12,387,893 shares of the aerospace company’s stock valued at $633,517,000 after buying an additional 483,615 shares during the period. BlackRock Inc. increased its holdings in Leidos Holdings by 12,635.3% in the 1st quarter. BlackRock Inc. now owns 11,369,840 shares of the aerospace company’s stock valued at $581,454,000 after buying an additional 11,280,562 shares during the period. FMR LLC increased its holdings in Leidos Holdings by 76.7% in the 1st quarter. FMR LLC now owns 4,725,860 shares of the aerospace company’s stock valued at $241,680,000 after buying an additional 2,051,894 shares during the period. State Street Corp increased its holdings in Leidos Holdings by 1.4% in the 1st quarter. State Street Corp now owns 3,783,666 shares of the aerospace company’s stock valued at $193,493,000 after buying an additional 52,149 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Leidos Holdings by 6.7% in the 2nd quarter. Principal Financial Group Inc. now owns 2,817,056 shares of the aerospace company’s stock valued at $145,614,000 after buying an additional 175,863 shares during the period. 75.15% of the stock is currently owned by hedge funds and other institutional investors.
LDOS has been the topic of several recent analyst reports. Cowen and Company raised their target price on shares of Leidos Holdings from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, May 15th. 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. BidaskClub downgraded shares of Leidos Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Goldman Sachs Group, Inc. (The) upgraded shares of Leidos Holdings from a “neutral” rating to a “buy” rating and raised their price target for the company from $61.00 to $68.00 in a research note on Thursday, August 10th. Finally, ValuEngine upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $61.78.
In other Leidos Holdings news, Director Gary Stephen May sold 800 shares of the 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 in the company, valued at $372,410. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jerald S. Howe, Jr. purchased 2,000 shares of Leidos Holdings stock in a transaction on Monday, August 21st. The shares were acquired at an average price of $55.32 per share, for a total transaction of $110,640.00. Following the completion of the transaction, the vice president now directly owns 2,000 shares of the company’s stock, valued at $110,640. The disclosure for this purchase can be found here. 1.70% of the stock is owned by company insiders.
Shares of Leidos Holdings, Inc. (LDOS) opened at 57.41 on Tuesday. The firm has a market capitalization of $8.68 billion, a P/E ratio of 25.72 and a beta of 1.71. The company’s 50-day moving average is $55.92 and its 200 day moving average is $53.83. Leidos Holdings, Inc. has a 52-week low of $40.96 and a 52-week high of $58.94.
Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.27. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the business earned $0.68 earnings per share. The business’s quarterly revenue was up 99.6% on a year-over-year basis. Analysts expect that Leidos Holdings, Inc. will post $3.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, September 15th. Leidos Holdings’s payout ratio is currently 55.65%.
Leidos Holdings 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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