Leidos Holdings, Inc. (LDOS) Holdings Reduced by Ameriprise Financial Inc.
Ameriprise Financial Inc. reduced its position in Leidos Holdings, Inc. (NYSE:LDOS) by 37.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,046,455 shares of the aerospace company’s stock after selling 1,841,953 shares during the period. Ameriprise Financial Inc. owned about 2.01% of Leidos Holdings worth $157,454,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Cipher Capital LP lifted its holdings in shares of Leidos Holdings by 182.6% during the 2nd quarter. Cipher Capital LP now owns 69,574 shares of the aerospace company’s stock valued at $3,596,000 after acquiring an additional 44,952 shares in the last quarter. Reilly Financial Advisors LLC lifted its holdings in Leidos Holdings by 10.4% in the 2nd quarter. Reilly Financial Advisors LLC now owns 21,175 shares of the aerospace company’s stock worth $1,095,000 after buying an additional 2,000 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Leidos Holdings by 249.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 13,310 shares of the aerospace company’s stock worth $688,000 after buying an additional 9,500 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Leidos Holdings by 11.5% in the 2nd quarter. Pacer Advisors Inc. now owns 23,749 shares of the aerospace company’s stock worth $1,228,000 after buying an additional 2,444 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new position in Leidos Holdings in the 1st quarter worth $6,956,000. 75.15% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Jerald S. Howe, Jr. acquired 2,000 shares of the 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 transaction, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $110,640. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary Stephen May sold 800 shares of the firm’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 completion of the sale, the director now owns 6,680 shares of the company’s stock, valued at approximately $372,410. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
A number of brokerages have commented on LDOS. TheStreet lowered shares of Leidos Holdings from a “b-” rating to a “c+” rating in a report on Thursday, September 7th. BidaskClub upgraded shares of Leidos Holdings from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Argus boosted their price objective on shares of Leidos Holdings from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, August 31st. Jefferies Group LLC reiterated a “hold” rating and issued a $52.00 price objective on shares of Leidos Holdings in a report on Friday, August 18th. Finally, ValuEngine upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Leidos Holdings has an average rating of “Buy” and a consensus target price of $61.78.
Leidos Holdings, Inc. (LDOS) opened at 56.40 on Friday. The firm has a 50-day moving average of $56.35 and a 200 day moving average of $53.94. Leidos Holdings, Inc. has a 52-week low of $40.96 and a 52-week high of $58.94. The company has a market cap of $8.53 billion, a PE ratio of 25.27 and a beta of 1.71.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.27. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm posted $0.68 EPS. The firm’s quarterly revenue was up 99.6% on a year-over-year basis. Equities research analysts expect that Leidos Holdings, Inc. will post $3.55 earnings per share 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 issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.27%. The ex-dividend date is Friday, September 15th. Leidos Holdings’s dividend payout ratio is currently 55.65%.
Leidos Holdings Company 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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