Leidos Holdings, Inc. (LDOS) Shares Bought by BlackRock Inc.
BlackRock Inc. increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 11.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,650,322 shares of the aerospace company’s stock after acquiring an additional 1,280,482 shares during the quarter. BlackRock Inc. owned about 8.37% of Leidos Holdings worth $653,894,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Leidos Holdings by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after acquiring an additional 18 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in Leidos Holdings by 2.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock worth $113,000 after acquiring an additional 44 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Leidos Holdings by 263.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock worth $161,000 after acquiring an additional 2,254 shares during the period. Meeder Asset Management Inc. purchased a new stake in Leidos Holdings in the first quarter worth $189,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Leidos Holdings in the second quarter worth $215,000. 74.54% of the stock is owned by institutional investors.
In other news, VP Jerald S. Howe, Jr. bought 2,000 shares of the stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $55.32 per share, for a total transaction of $110,640.00. Following the acquisition, the vice president now owns 2,000 shares of the company’s stock, valued at $110,640. The acquisition was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the sale, the director now 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.
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A number of analysts recently commented on the company. Cowen and Company reaffirmed a “buy” rating and issued a $66.00 price target on shares of Leidos Holdings in a research note on Tuesday. TheStreet lowered Leidos Holdings from a “b-” rating to a “c+” rating in a research report on Thursday, September 7th. BidaskClub raised Leidos Holdings from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Argus raised their price objective on Leidos Holdings from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, August 31st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $52.00 price objective on shares of Leidos Holdings in a research report on Friday, August 18th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Leidos Holdings presently has an average rating of “Buy” and an average price target of $61.78.
Leidos Holdings, Inc. (NYSE LDOS) opened at 58.27 on Friday. Leidos Holdings, Inc. has a 12 month low of $40.96 and a 12 month high of $58.94. The firm’s 50-day moving average price is $56.59 and its 200 day moving average price is $53.99. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 26.11 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 for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the business earned $0.68 EPS. The business’s revenue for the quarter was up 99.6% compared to the same quarter last year. On average, analysts anticipate that Leidos Holdings, Inc. will post $3.55 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders 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 2.20%. The ex-dividend date is Friday, September 15th. Leidos Holdings’s dividend payout ratio is 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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