Voya Investment Management LLC cut its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 14.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,831 shares of the aerospace company’s stock after selling 6,636 shares during the period. Voya Investment Management LLC’s holdings in Leidos Holdings were worth $2,059,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in 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 acquiring an additional 18 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in 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 acquiring an additional 44 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in 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 acquiring an additional 2,254 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in Leidos Holdings during the 2nd quarter worth $174,000. Finally, Meeder Asset Management Inc. bought a new stake in Leidos Holdings during the 1st quarter worth $189,000. 74.63% of the stock is owned by institutional investors.
In related news, Director Gary Stephen May sold 800 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $55.75, for a total transaction of $44,600.00. Following the transaction, the director now directly owns 6,680 shares in the company, valued at $372,410. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jerald S. Howe, Jr. bought 2,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was purchased at an average price of $55.32 per share, for a total transaction of $110,640.00. Following the completion of the acquisition, the vice president now directly owns 2,000 shares in the company, valued at $110,640. The disclosure for this purchase can be found here. Insiders own 1.70% of the company’s stock.
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Leidos Holdings, Inc. (NYSE LDOS) opened at 62.47 on Friday. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 27.99 and a beta of 1.72. The firm’s 50-day moving average price is $59.81 and its 200 day moving average price is $55.55. Leidos Holdings, Inc. has a one year low of $40.96 and a one year high of $63.68.
Leidos Holdings (NYSE:LDOS) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.27. The business had revenue of $2.57 billion for 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%. The company’s revenue for the quarter was up 99.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 earnings per share. On average, equities research analysts expect that Leidos Holdings, Inc. will post $3.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 18th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.05%. Leidos Holdings’s payout ratio is presently 55.65%.
A number of research analysts recently weighed in on the company. Cowen and Company reaffirmed a “buy” rating on shares of Leidos Holdings in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $52.00 price objective on shares of Leidos Holdings in a research note on Friday, August 18th. ValuEngine raised Leidos Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Goldman Sachs Group, Inc. (The) raised Leidos Holdings from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $61.00 to $68.00 in a research note on Thursday, August 10th. Finally, Zacks Investment Research raised Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Saturday, August 5th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $65.00.
Leidos Holdings 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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