A number of other equities analysts also recently commented on LDOS. Cowen and Company restated an outperform rating and issued a $66.00 target price (up from $62.00) on shares of Leidos Holdings in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) upgraded shares of Leidos Holdings from a neutral rating to a buy rating and upped their target price for the stock from $61.00 to $68.00 in a research note on Thursday, August 10th. ValuEngine raised shares of Leidos Holdings from a hold rating to a buy rating in a research report on Thursday, August 17th. Jefferies Group LLC reaffirmed a hold rating and issued a $52.00 price target on shares of Leidos Holdings in a research report on Friday, August 18th. Finally, Zacks Investment Research cut shares of Leidos Holdings from a buy rating to a hold rating in a research report on Tuesday, July 18th. Two investment 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 an average price target of $61.78.
Shares of Leidos Holdings (NYSE:LDOS) traded up 1.10% during trading on Thursday, hitting $57.02. The stock had a trading volume of 260,869 shares. Leidos Holdings has a 1-year low of $40.96 and a 1-year high of $58.94. The company has a market cap of $8.62 billion, a PE ratio of 25.55 and a beta of 1.71. The firm’s 50 day moving average is $56.35 and its 200 day moving average is $53.94.
Leidos Holdings (NYSE:LDOS) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.27. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The company’s revenue for the quarter was up 99.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. Equities research analysts anticipate that Leidos Holdings will post $3.55 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.27%. Leidos Holdings’s payout ratio is 55.65%.
In other Leidos Holdings news, Director Gary Stephen May sold 800 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the transaction, the director now owns 6,680 shares of the company’s stock, valued at $372,410. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Jerald S. Howe, Jr. purchased 2,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was bought at an average cost of $55.32 per share, with a total value of $110,640.00. Following the acquisition, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $110,640. The disclosure for this purchase can be found here. Company insiders own 1.70% of the company’s stock.
Several large investors have recently added to or reduced their stakes in LDOS. Bank of Montreal Can increased its stake in shares of Leidos Holdings by 23.8% in the first quarter. Bank of Montreal Can now owns 24,060 shares of the aerospace company’s stock worth $1,230,000 after acquiring an additional 4,625 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Leidos Holdings by 12.1% in the first quarter. Nisa Investment Advisors LLC now owns 10,640 shares of the aerospace company’s stock worth $544,000 after acquiring an additional 1,145 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Leidos Holdings by 66.1% in the first quarter. Russell Investments Group Ltd. now owns 137,581 shares of the aerospace company’s stock worth $7,036,000 after acquiring an additional 54,742 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Leidos Holdings by 4.4% in the first quarter. Great West Life Assurance Co. Can now owns 83,436 shares of the aerospace company’s stock worth $4,264,000 after acquiring an additional 3,538 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Leidos Holdings in the first quarter worth $247,000. Hedge funds and other institutional investors own 74.54% of the company’s stock.
About Leidos Holdings
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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