Symphony Asset Management LLC Has $547,000 Holdings in Leidos Holdings, Inc. (LDOS)
Symphony Asset Management LLC decreased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,577 shares of the aerospace company’s stock after selling 516 shares during the quarter. Symphony Asset Management LLC’s holdings in Leidos Holdings were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in LDOS. BlackRock Inc. lifted its stake 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 valued at $581,454,000 after buying an additional 11,280,562 shares during the period. FMR LLC lifted its stake in Leidos Holdings by 76.7% in the first quarter. FMR LLC now owns 4,725,860 shares of the aerospace company’s stock valued at $241,680,000 after buying an additional 2,051,894 shares during the period. Eaton Vance Management lifted its stake in Leidos Holdings by 9,004.1% in the second quarter. Eaton Vance Management now owns 1,144,569 shares of the aerospace company’s stock valued at $59,163,000 after buying an additional 1,131,997 shares during the period. Vanguard Group Inc. lifted its stake 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 valued at $633,517,000 after buying an additional 483,615 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Leidos Holdings by 12.9% in the second quarter. Wells Fargo & Company MN now owns 3,501,353 shares of the aerospace company’s stock valued at $180,985,000 after buying an additional 399,849 shares during the period. 75.15% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Jerald S. Howe, Jr. acquired 2,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was purchased 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gary Stephen May sold 800 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the sale, the director now directly owns 6,680 shares of the company’s stock, valued at $372,410. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.
Leidos Holdings, Inc. (NYSE LDOS) opened at 56.39 on Friday. The firm has a 50-day moving average price of $56.26 and a 200-day moving average price of $53.92. The company has a market capitalization of $8.53 billion, a P/E ratio of 25.26 and a beta of 1.71. Leidos Holdings, Inc. has a 1-year low of $40.96 and a 1-year high of $58.94.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up 99.6% on a year-over-year basis. On average, analysts forecast that Leidos Holdings, Inc. will post $3.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Friday, September 15th. Leidos Holdings’s dividend payout ratio (DPR) is currently 55.65%.
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A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, June 20th. Argus raised their price target on Leidos Holdings from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 31st. BidaskClub raised Leidos Holdings from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Cowen and Company reaffirmed an “outperform” rating and set a $66.00 price target (up previously from $62.00) on shares of Leidos Holdings in a research report on Wednesday, August 9th. Finally, TheStreet lowered Leidos Holdings from a “b-” rating to a “c+” rating in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Leidos Holdings presently has a consensus rating of “Buy” and an average price target of $61.78.
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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