Cambridge Investment Research Advisors Inc. Invests $340,000 in Leidos Holdings, Inc. (LDOS)
Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,573 shares of the aerospace company’s stock, valued at approximately $340,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in Leidos Holdings in the first quarter valued at approximately $189,000. Daiwa Securities Group Inc. acquired a new stake in Leidos Holdings in the second quarter valued at approximately $215,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Leidos Holdings in the second quarter valued at approximately $227,000. Timber Hill LLC acquired a new stake in Leidos Holdings in the first quarter valued at approximately $242,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Leidos Holdings in the first quarter valued at approximately $247,000. Hedge funds and other institutional investors own 75.15% of the company’s stock.
Leidos Holdings, Inc. (NYSE LDOS) opened at 56.40 on Friday. Leidos Holdings, Inc. has a 12-month low of $40.96 and a 12-month high of $58.94. The firm has a 50 day moving average of $56.35 and a 200-day moving average of $53.94. The stock 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 issued its 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 business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The company’s revenue for the quarter was up 99.6% on a year-over-year basis. On average, analysts expect that Leidos Holdings, Inc. will post $3.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Friday, September 15th. Leidos Holdings’s payout ratio is 55.65%.
LDOS has been the subject of several recent analyst reports. TheStreet downgraded shares of Leidos Holdings from a “b-” rating to a “c+” rating in a research note on Thursday, September 7th. Cowen and Company restated an “outperform” rating and issued a $66.00 target price (up from $62.00) on shares of Leidos Holdings in a research note on Wednesday, August 9th. Argus raised their target price on shares of Leidos Holdings from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, August 31st. BidaskClub upgraded shares of Leidos Holdings from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of Leidos Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $61.78.
In related news, VP Jerald S. Howe, Jr. bought 2,000 shares of the stock in a transaction dated Monday, August 21st. The stock was acquired at an average price of $55.32 per share, for a total transaction of $110,640.00. Following the acquisition, the vice president now owns 2,000 shares in the company, valued at approximately $110,640. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary Stephen May sold 800 shares of the company’s stock in a transaction on 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 transaction, 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. Corporate insiders own 1.70% of the company’s stock.
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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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