Tibra Equities Europe Ltd purchased a new stake in shares of Leidos Holdings Inc (NYSE:LDOS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 21,500 shares of the aerospace company’s stock, valued at approximately $1,846,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LDOS. JPMorgan Chase & Co. increased its stake in shares of Leidos by 958.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,113,180 shares of the aerospace company’s stock worth $326,543,000 after purchasing an additional 3,724,716 shares in the last quarter. Victory Capital Management Inc. increased its stake in Leidos by 10.0% in the 2nd quarter. Victory Capital Management Inc. now owns 3,375,545 shares of the aerospace company’s stock worth $269,537,000 after buying an additional 307,860 shares in the last quarter. California Public Employees Retirement System increased its stake in Leidos by 6.9% in the 3rd quarter. California Public Employees Retirement System now owns 1,212,384 shares of the aerospace company’s stock worth $104,120,000 after buying an additional 78,462 shares in the last quarter. Prudential Financial Inc. increased its stake in Leidos by 26.5% in the 2nd quarter. Prudential Financial Inc. now owns 933,500 shares of the aerospace company’s stock worth $74,540,000 after buying an additional 195,775 shares in the last quarter. Finally, Man Group plc increased its stake in Leidos by 522.0% in the 2nd quarter. Man Group plc now owns 788,828 shares of the aerospace company’s stock worth $62,988,000 after buying an additional 662,014 shares in the last quarter. 74.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Leidos stock traded up $0.54 during trading on Friday, reaching $86.54. 356,440 shares of the stock traded hands, compared to its average volume of 1,207,702. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 2.22 and a beta of 1.51. The business has a fifty day simple moving average of $83.75 and a two-hundred day simple moving average of $80.65. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.16 and a quick ratio of 1.16. Leidos Holdings Inc has a 52-week low of $50.33 and a 52-week high of $89.00.
Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $1.36 earnings per share for the quarter, beating 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 firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the business posted $1.14 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, research analysts predict that Leidos Holdings Inc will post 5 earnings per share for the current fiscal year.
The firm 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 $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Friday, December 13th. Leidos’s payout ratio is 31.05%.
In related news, Director Gary Stephen May sold 500 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $84.57, for a total value of $42,285.00. Following the completion of the transaction, the director now owns 9,166 shares of the company’s stock, valued at approximately $775,168.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.17% of the stock is currently owned by company insiders.
A number of equities research analysts have issued reports on the company. Cowen reiterated a “buy” rating and issued a $89.00 price target on shares of Leidos in a research note on Tuesday, October 29th. JPMorgan Chase & Co. started coverage on Leidos in a research report on Tuesday, September 24th. They set a “neutral” rating and a $95.00 price objective for the company. SunTrust Banks raised their price objective on Leidos to $95.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley raised their price objective on Leidos from $81.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Zacks Investment Research upgraded Leidos from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $86.50.
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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