Leidos Holdings, Inc. (LDOS) Position Decreased by Voya Investment Management LLC
Voya Investment Management LLC reduced its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 14.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,831 shares of the aerospace company’s stock after selling 6,636 shares during the quarter. Voya Investment Management LLC’s holdings in Leidos Holdings were worth $2,059,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Leidos Holdings by 0.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after buying an additional 18 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Leidos Holdings by 2.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock worth $113,000 after buying an additional 44 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Leidos Holdings by 263.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock worth $161,000 after buying an additional 2,254 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in shares of Leidos Holdings during the 2nd quarter worth $174,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Leidos Holdings during the 1st quarter worth $189,000. Institutional investors and hedge funds own 74.55% of the company’s stock.
Leidos Holdings, Inc. (NYSE:LDOS) opened at 61.82 on Wednesday. The company has a market capitalization of $9.35 billion, a P/E ratio of 27.70 and a beta of 1.72. Leidos Holdings, Inc. has a 52-week low of $40.96 and a 52-week high of $63.08. The firm has a 50-day moving average price of $58.92 and a 200 day moving average price of $54.94.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the business earned $0.68 EPS. The company’s revenue for the quarter was up 99.6% compared to the same quarter last year. On average, analysts predict that Leidos Holdings, Inc. will post $3.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Friday, September 15th. Leidos Holdings’s payout ratio is currently 55.65%.
LDOS has been the subject of several recent analyst reports. TheStreet upgraded Leidos Holdings from a “c+” rating to a “b+” rating in a research report on Monday, October 2nd. ValuEngine upgraded Leidos Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) upgraded Leidos Holdings from a “neutral” rating to a “buy” rating and increased their target price for the company from $61.00 to $68.00 in a research report on Thursday, August 10th. Argus increased their target price on Leidos Holdings from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, August 31st. Finally, Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Saturday, August 5th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Leidos Holdings currently has a consensus rating of “Buy” and an average target price of $64.56.
In other news, VP Jerald S. Howe, Jr. acquired 2,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was purchased at an average cost of $55.32 per share, for a total transaction of $110,640.00. Following the acquisition, the vice president now owns 2,000 shares of the company’s stock, valued at $110,640. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 800 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 6,680 shares of the company’s stock, valued at $372,410. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.
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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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