Short Interest in Leidos Holdings, Inc. (NYSE:LDOS) Increases By 5.6%

Leidos Holdings, Inc. (NYSE:LDOSGet Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 1,500,000 shares, a growth of 5.6% from the April 15th total of 1,420,000 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

LDOS has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on Leidos from $120.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 1st. Jefferies Financial Group boosted their price target on Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Barclays raised their price objective on shares of Leidos from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Robert W. Baird boosted their target price on shares of Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, StockNews.com upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.67.

View Our Latest Research Report on LDOS

Insiders Place Their Bets

In other Leidos news, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Leidos news, Director David G. Fubini sold 7,874 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Stephen May sold 2,745 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total transaction of $341,725.05. Following the completion of the transaction, the director now owns 11,352 shares in the company, valued at approximately $1,413,210.48. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Leidos

A number of hedge funds have recently bought and sold shares of LDOS. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Leidos in the fourth quarter worth $28,000. Lindbrook Capital LLC increased its position in Leidos by 209.0% in the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock worth $30,000 after buying an additional 186 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Leidos in the fourth quarter valued at $35,000. Itau Unibanco Holding S.A. purchased a new position in shares of Leidos during the 3rd quarter valued at $30,000. Finally, Tidemark LLC bought a new position in shares of Leidos during the 4th quarter worth $41,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Trading Up 0.7 %

NYSE:LDOS opened at $148.66 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24. Leidos has a one year low of $77.49 and a one year high of $148.73. The company has a market cap of $20.10 billion, a PE ratio of 64.08, a PEG ratio of 1.54 and a beta of 0.66. The firm has a 50-day moving average of $132.72 and a 200-day moving average of $118.97.

Leidos (NYSE:LDOSGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the company posted $1.47 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities research analysts expect that Leidos will post 8.59 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, June 14th. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

About Leidos

(Get Free Report)

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. 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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