Entropy Technologies LP Takes Position in Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• Entropy Technologies LP acquired a new position in Leidos Holdings, purchasing 22,849 shares valued at approximately $3.08 million during the first quarter.
• Leidos reported a quarterly earnings per share of $3.21, exceeding analysts' expectations of $2.63, and its revenue grew by 2.9% year-over-year to $4.25 billion.
• The company also announced a quarterly dividend of $0.40 per share to be paid on September 30th, indicating a 0.9% dividend yield.

Entropy Technologies LP purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 22,849 shares of the aerospace company's stock, valued at approximately $3,083,000.

Several other large investors have also modified their holdings of LDOS. Envestnet Asset Management Inc. grew its position in shares of Leidos by 49.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 270,052 shares of the aerospace company's stock valued at $38,904,000 after purchasing an additional 88,929 shares during the last quarter. Federated Hermes Inc. increased its holdings in Leidos by 38.2% in the fourth quarter. Federated Hermes Inc. now owns 37,448 shares of the aerospace company's stock valued at $5,395,000 after purchasing an additional 10,347 shares during the last quarter. Cerity Partners LLC increased its position in shares of Leidos by 73.5% in the 4th quarter. Cerity Partners LLC now owns 25,789 shares of the aerospace company's stock valued at $3,822,000 after buying an additional 10,926 shares in the last quarter. Bank of Montreal Can increased its holdings in Leidos by 27.4% during the 4th quarter. Bank of Montreal Can now owns 145,467 shares of the aerospace company's stock worth $20,956,000 after purchasing an additional 31,247 shares in the last quarter. Finally, FIL Ltd bought a new position in Leidos during the 4th quarter worth about $8,407,000. 76.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LDOS. Wells Fargo & Company raised their target price on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Stifel Nicolaus set a $178.00 price objective on shares of Leidos and gave the company a "buy" rating in a research note on Tuesday, June 24th. UBS Group lifted their price objective on shares of Leidos from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Royal Bank Of Canada lifted their price objective 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. Finally, Jefferies Financial Group raised shares of Leidos from a "hold" rating to a "buy" rating and lifted their price objective for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Leidos presently has a consensus rating of "Moderate Buy" and a consensus price target of $179.46.

Leidos Trading Down 0.0%

Shares of Leidos stock traded down $0.09 during trading on Tuesday, hitting $177.06. The company's stock had a trading volume of 39,797 shares, compared to its average volume of 1,385,951. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 2.01 and a beta of 0.65. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The stock has a 50-day moving average price of $158.33 and a two-hundred day moving average price of $147.21.

Leidos (NYSE:LDOS - Get Free Report) last released 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. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. Leidos's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.63 earnings per share. Equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.40 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.60 annualized dividend and a yield of 0.9%. Leidos's payout ratio is presently 15.12%.

Leidos Company Profile

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.