Blair William & Co. IL lessened its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 10.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,053 shares of the aerospace company's stock after selling 2,960 shares during the quarter. Blair William & Co. IL's holdings in Leidos were worth $3,516,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Leidos during the 4th quarter worth approximately $25,000. REAP Financial Group LLC boosted its position in shares of Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after purchasing an additional 152 shares in the last quarter. MCF Advisors LLC purchased a new stake in Leidos in the first quarter worth $27,000. Optimum Investment Advisors raised its holdings in Leidos by 260.0% in the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock worth $32,000 after purchasing an additional 169 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in Leidos during the first quarter valued at $54,000. Hedge funds and other institutional investors own 76.12% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Royal Bank Of Canada raised their target price on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Wall Street Zen raised Leidos from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Stifel Nicolaus set a $178.00 price objective on Leidos and gave the company a "buy" rating in a research report on Tuesday, June 24th. Finally, Baird R W cut Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $179.46.
Get Our Latest Research Report on LDOS
Leidos Trading Up 0.5%
Shares of NYSE:LDOS opened at $175.31 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.42. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The company has a market cap of $22.49 billion, a P/E ratio of 16.57, a PEG ratio of 1.99 and a beta of 0.65. The stock's fifty day moving average price is $157.06 and its 200-day moving average price is $146.99.
Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $4.24 billion. During the same quarter in the prior year, the business earned $2.63 EPS. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.
Leidos Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, September 15th. Leidos's payout ratio is 16.10%.
About Leidos
(
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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