BlueCrest Capital Management Ltd acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 26,121 shares of the aerospace company’s stock, valued at approximately $1,336,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Leidos Holdings by 4.1% in the first quarter. Vanguard Group Inc. now owns 12,387,893 shares of the aerospace company’s stock worth $633,517,000 after buying an additional 483,615 shares during the period. BlackRock Inc. boosted its position in Leidos Holdings by 12,635.3% in the first quarter. BlackRock Inc. now owns 11,369,840 shares of the aerospace company’s stock worth $581,454,000 after buying an additional 11,280,562 shares during the period. Boston Partners boosted its position in Leidos Holdings by 5.7% in the first quarter. Boston Partners now owns 6,749,196 shares of the aerospace company’s stock worth $345,155,000 after buying an additional 364,578 shares during the period. FMR LLC boosted its position in Leidos Holdings by 76.7% in the first quarter. FMR LLC now owns 4,725,860 shares of the aerospace company’s stock worth $241,680,000 after buying an additional 2,051,894 shares during the period. Finally, State Street Corp boosted its position in Leidos Holdings by 1.4% in the first quarter. State Street Corp now owns 3,783,666 shares of the aerospace company’s stock worth $193,493,000 after buying an additional 52,149 shares during the period. Institutional investors own 74.66% of the company’s stock.
Leidos Holdings, Inc. (NYSE:LDOS) opened at 52.59 on Wednesday. The company has a market capitalization of $7.94 billion, a P/E ratio of 24.75 and a beta of 1.73. The firm has a 50-day moving average of $54.16 and a 200-day moving average of $52.26. Leidos Holdings, Inc. has a 52 week low of $37.79 and a 52 week high of $56.67.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings results on Thursday, May 4th. The aerospace company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.10. Leidos Holdings had a net margin of 3.16% and a return on equity of 16.70%. The business had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the business earned $0.72 earnings per share. The business’s revenue for the quarter was up 96.6% on a year-over-year basis. Analysts anticipate that Leidos Holdings, Inc. will post $3.35 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Tuesday, June 13th. Leidos Holdings’s dividend payout ratio is presently 57.92%.
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A number of research analysts recently weighed in on LDOS shares. Cowen and Company lifted their target price on shares of Leidos Holdings from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Zacks Investment Research cut shares of Leidos Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Finally, BidaskClub downgraded shares of Leidos Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $56.50.
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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