Bank of Nova Scotia Has $1.53 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Bank of Nova Scotia reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 86.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,355 shares of the aerospace company's stock after selling 74,261 shares during the period. Bank of Nova Scotia's holdings in Leidos were worth $1,532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after buying an additional 682,532 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Leidos by 29.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company's stock worth $315,250,000 after acquiring an additional 536,452 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Leidos by 8.9% in the fourth quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company's stock worth $273,920,000 after acquiring an additional 155,481 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Leidos by 8.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,706,757 shares of the aerospace company's stock worth $245,867,000 after purchasing an additional 131,832 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Leidos by 2.0% during the fourth quarter. Northern Trust Corp now owns 1,208,015 shares of the aerospace company's stock valued at $174,027,000 after purchasing an additional 23,153 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on LDOS shares. Royal Bank Of Canada boosted their price objective on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective on the stock. in a research report on Tuesday, May 27th. Wall Street Zen upgraded Leidos from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Finally, UBS Group raised their price target on Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $179.46.

Leidos Trading Up 0.5%

NYSE:LDOS opened at $175.31 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.42 and a debt-to-equity ratio of 1.06. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The firm has a market capitalization of $22.49 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.99 and a beta of 0.65. The business's 50-day moving average price is $157.06 and its two-hundred day moving average price is $146.99.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.58. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the company posted $2.63 EPS. Leidos's revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, September 15th. Leidos's dividend payout ratio (DPR) is currently 16.10%.

About Leidos

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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