Geode Capital Management LLC increased its position in Leidos Holdings Inc (NYSE:LDOS) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,449,617 shares of the aerospace company’s stock after buying an additional 71,807 shares during the quarter. Geode Capital Management LLC owned 0.97% of Leidos worth $76,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in LDOS. Oregon Public Employees Retirement Fund boosted its holdings in Leidos by 5,498.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,142,692 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 3,086,560 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Leidos by 34.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,900,180 shares of the aerospace company’s stock valued at $152,898,000 after acquiring an additional 738,363 shares during the last quarter. BlackRock Inc. boosted its holdings in Leidos by 5.0% in the third quarter. BlackRock Inc. now owns 13,530,994 shares of the aerospace company’s stock valued at $935,803,000 after acquiring an additional 642,239 shares during the last quarter. First Trust Advisors LP boosted its holdings in Leidos by 121.1% in the fourth quarter. First Trust Advisors LP now owns 689,888 shares of the aerospace company’s stock valued at $36,371,000 after acquiring an additional 377,878 shares during the last quarter. Finally, Vanguard Group Inc boosted its holdings in Leidos by 2.0% in the third quarter. Vanguard Group Inc now owns 13,668,049 shares of the aerospace company’s stock valued at $945,282,000 after acquiring an additional 264,927 shares during the last quarter. 74.47% of the stock is owned by institutional investors.

Several analysts recently commented on the company. Zacks Investment Research upgraded Leidos from a “sell” rating to a “hold” rating in a report on Monday, February 11th. ValuEngine upgraded Leidos from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Cowen reiterated a “buy” rating and issued a $70.00 target price on shares of Leidos in a report on Tuesday, February 19th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $75.00 target price on shares of Leidos in a report on Friday, February 22nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Leidos has a consensus rating of “Buy” and an average price target of $74.60.

Leidos stock opened at $63.26 on Thursday. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.47 and a beta of 1.71. Leidos Holdings Inc has a 52-week low of $50.33 and a 52-week high of $72.30. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.92.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, February 19th. The aerospace company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Leidos had a return on equity of 19.68% and a net margin of 5.70%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 EPS. As a group, sell-side analysts forecast that Leidos Holdings Inc will post 4.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, March 14th. Leidos’s payout ratio is 29.22%.

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Leidos Company Profile

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

Further Reading: Fundamental Analysis

Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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