Massachusetts Financial Services Co. MA raised its position in shares of Leidos Holdings Inc (NYSE:LDOS) by 27.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,101,272 shares of the aerospace company’s stock after purchasing an additional 457,536 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.48% of Leidos worth $180,456,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of LDOS. Steward Partners Investment Advisory LLC acquired a new position in shares of Leidos during the second quarter valued at approximately $27,000. CWM LLC raised its holdings in shares of Leidos by 66.0% during the second quarter. CWM LLC now owns 332 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 132 shares during the last quarter. Bartlett & Co. LLC acquired a new position in shares of Leidos during the third quarter valued at approximately $40,000. TRUE Private Wealth Advisors acquired a new stake in shares of Leidos in the second quarter valued at approximately $68,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Leidos in the second quarter valued at approximately $88,000. Institutional investors and hedge funds own 76.15% of the company’s stock.
Several research analysts recently weighed in on LDOS shares. Morgan Stanley increased their price objective on Leidos from $81.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. began coverage on Leidos in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $95.00 price objective on the stock. Cowen reiterated a “buy” rating and issued a $89.00 price objective on shares of Leidos in a research note on Tuesday, October 29th. ValuEngine upgraded Leidos from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Zacks Investment Research upgraded Leidos from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Tuesday, September 17th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $86.50.
Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, October 29th. The aerospace company reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.17. Leidos had a return on equity of 21.12% and a net margin of 6.25%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. As a group, equities analysts forecast that Leidos Holdings Inc will post 5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, December 13th. Leidos’s dividend payout ratio is currently 31.05%.
In other Leidos news, Director Gary Stephen May sold 500 shares of Leidos stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $84.57, for a total value of $42,285.00. Following the sale, the director now owns 9,166 shares of the company’s stock, valued at approximately $775,168.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.17% of the company’s stock.
Leidos Company Profile
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. 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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