Leidos Holdings, Inc. (LDOS) Position Increased by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,314 shares of the aerospace company’s stock after buying an additional 300 shares during the period. PNC Financial Services Group Inc.’s holdings in Leidos Holdings were worth $2,777,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Leidos Holdings by 4.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,147 shares of the aerospace company’s stock valued at $110,000 after buying an additional 100 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Leidos Holdings by 2,239.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 3,696 shares of the aerospace company’s stock valued at $189,000 after buying an additional 3,538 shares during the period. Timber Hill LLC bought a new stake in shares of Leidos Holdings during the first quarter valued at about $242,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Leidos Holdings during the first quarter valued at about $247,000. Finally, Searle & CO. bought a new stake in shares of Leidos Holdings during the fourth quarter valued at about $249,000. 76.23% of the stock is currently owned by institutional investors.
Leidos Holdings, Inc. (LDOS) traded down 0.87% during midday trading on Tuesday, reaching $53.46. The company’s stock had a trading volume of 193,038 shares. Leidos Holdings, Inc. has a 12 month low of $37.79 and a 12 month high of $56.67. The stock has a 50-day moving average price of $54.27 and a 200 day moving average price of $52.21. The company has a market cap of $8.07 billion, a PE ratio of 25.16 and a beta of 1.74.
Leidos Holdings (NYSE:LDOS) last released its quarterly earnings results on Thursday, May 4th. The aerospace company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.10. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.54 billion. Leidos Holdings had a net margin of 3.16% and a return on equity of 16.70%. The business’s revenue for the quarter was up 96.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. Analysts expect that Leidos Holdings, Inc. will post $3.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, June 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.37%. Leidos Holdings’s dividend payout ratio (DPR) is currently 57.92%.
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Several brokerages recently issued reports on LDOS. Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Tuesday. Cowen and Company boosted their price target on Leidos Holdings from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Vertical Research began coverage on Leidos Holdings in a research note on Thursday, March 16th. They issued a “buy” rating and a $67.00 price target for the company. Finally, TheStreet upgraded Leidos Holdings from a “c” rating to a “b-” rating in a research note on Friday, February 24th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Leidos Holdings currently has an average rating of “Buy” and a consensus target price of $56.50.
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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