BidaskClub lowered shares of Leidos Holdings, Inc. (NYSE:LDOS) from a buy rating to a hold rating in a research note released on Wednesday morning.
Several other equities analysts also recently weighed in on LDOS. Cowen and Company reiterated an outperform rating and issued a $66.00 price target (up previously from $62.00) on shares of Leidos Holdings in a report on Wednesday, August 9th. Goldman Sachs Group Inc upgraded shares of Leidos Holdings from a neutral rating to a buy rating and increased their price target for the stock from $61.00 to $68.00 in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of Leidos Holdings from a buy rating to a hold rating in a report on Wednesday. ValuEngine upgraded shares of Leidos Holdings from a hold rating to a buy rating in a report on Thursday, August 17th. Finally, Jefferies Group LLC reiterated a hold rating and issued a $52.00 price target on shares of Leidos Holdings in a report on Friday, August 18th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Leidos Holdings currently has a consensus rating of Buy and a consensus price target of $64.56.
Shares of Leidos Holdings (LDOS) traded up 1.07% during mid-day trading on Wednesday, hitting $62.18. 939,069 shares of the stock were exchanged. The stock has a 50-day moving average price of $59.54 and a 200 day moving average price of $55.26. Leidos Holdings has a 52-week low of $40.96 and a 52-week high of $63.08. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of 27.86 and a beta of 1.72.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.27. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. Leidos Holdings’s revenue was up 99.6% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS. On average, equities research analysts expect that Leidos Holdings will post $3.56 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 18th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.28 annualized dividend and a yield of 2.06%. Leidos Holdings’s dividend payout ratio (DPR) is presently 55.65%.
In other news, VP Jerald S. Howe, Jr. acquired 2,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $55.32 per share, with a total value of $110,640.00. Following the purchase, the vice president now directly owns 2,000 shares of the company’s stock, valued at $110,640. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary Stephen May sold 800 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $55.75, for a total transaction of $44,600.00. Following the sale, the director now directly owns 6,680 shares in the company, valued at approximately $372,410. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Leidos Holdings by 0.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after purchasing an additional 18 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Leidos Holdings by 31.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock worth $111,000 after purchasing an additional 513 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in shares of Leidos Holdings by 2.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock worth $113,000 after purchasing an additional 44 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Leidos Holdings by 263.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock worth $161,000 after purchasing an additional 2,254 shares during the period. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Leidos Holdings during the 2nd quarter worth approximately $174,000. 74.55% of the stock is currently owned by institutional investors and hedge funds.
Leidos Holdings Company Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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