Pinebridge Investments L.P. boosted its stake in Leidos Holdings Inc (NYSE:LDOS) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,348 shares of the aerospace company’s stock after purchasing an additional 320 shares during the quarter. Pinebridge Investments L.P.’s holdings in Leidos were worth $2,822,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LDOS. CWM LLC lifted its stake in Leidos by 66.0% in the 2nd quarter. CWM LLC now owns 332 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 132 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Leidos during the 2nd quarter valued at about $27,000. Icon Wealth Partners LLC purchased a new stake in shares of Leidos during the 1st quarter valued at about $37,000. TRUE Private Wealth Advisors purchased a new stake in shares of Leidos during the 2nd quarter valued at about $68,000. Finally, Zions Bancorporation N.A. purchased a new stake in shares of Leidos during the 1st quarter valued at about $87,000. Institutional investors and hedge funds own 74.71% of the company’s stock.

NYSE:LDOS traded down $0.19 during mid-day trading on Friday, hitting $85.82. 1,000,165 shares of the stock traded hands, compared to its average volume of 1,238,115. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.44 and a beta of 1.55. Leidos Holdings Inc has a 52 week low of $50.33 and a 52 week high of $89.00. The firm’s 50 day moving average is $84.25 and its two-hundred day moving average is $75.14. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.96.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.10 by $0.06. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. Leidos had a net margin of 6.27% and a return on equity of 20.11%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. As a group, research analysts predict that Leidos Holdings Inc will post 4.72 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.58%. This is an increase from Leidos’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, September 13th. Leidos’s dividend payout ratio is presently 29.22%.

Several analysts have recently issued reports on the stock. Citigroup cut shares of Leidos from a “buy” rating to a “neutral” rating and upped their target price for the company from $75.00 to $83.00 in a research report on Tuesday, July 9th. Zacks Investment Research cut shares of Leidos from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a research report on Tuesday, July 2nd. Morgan Stanley upped their target price on shares of Leidos from $75.00 to $81.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 21st. SunTrust Banks upped their price target on shares of Leidos to $95.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, ValuEngine downgraded shares of Leidos from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Leidos has a consensus rating of “Buy” and an average price target of $82.60.

In related news, Director Gary Stephen May sold 500 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $84.57, for a total transaction of $42,285.00. Following the transaction, the director now directly owns 9,166 shares in the company, valued at approximately $775,168.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.17% of the company’s stock.

Leidos 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.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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