WealthPLAN Partners LLC Acquires Shares of 31,662 Leidos Holdings, Inc. (LDOS)
WealthPLAN Partners LLC acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 31,662 shares of the aerospace company’s stock, valued at approximately $1,637,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in Leidos Holdings by 0.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock valued at $102,000 after purchasing an additional 18 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in Leidos Holdings by 2.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock valued at $113,000 after purchasing an additional 44 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Leidos Holdings by 263.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 2,254 shares during the last quarter. Hanseatic Management Services Inc. bought a new position in Leidos Holdings in the 2nd quarter valued at $174,000. Finally, Meeder Asset Management Inc. bought a new position in Leidos Holdings in the 1st quarter valued at $189,000. Hedge funds and other institutional investors own 74.54% of the company’s stock.
In other Leidos Holdings news, Director Gary Stephen May sold 800 shares of the stock in a transaction dated Monday, August 28th. The stock was 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 directly owns 6,680 shares in the company, valued at approximately $372,410. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jerald S. Howe, Jr. purchased 2,000 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were acquired at an average price of $55.32 per share, with a total value of $110,640.00. Following the completion of the acquisition, the vice president now owns 2,000 shares in the company, valued at approximately $110,640. The disclosure for this purchase can be found here. 1.70% of the stock is owned by company insiders.
Leidos Holdings, Inc. (NYSE LDOS) traded up 0.96% during midday trading on Friday, hitting $58.83. The stock had a trading volume of 769,126 shares. Leidos Holdings, Inc. has a 52 week low of $40.96 and a 52 week high of $59.23. The company has a market capitalization of $8.90 billion, a PE ratio of 26.36 and a beta of 1.71. The company’s 50-day moving average price is $56.59 and its 200 day moving average price is $53.99.
Leidos Holdings (NYSE:LDOS) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.27. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. Leidos Holdings’s revenue for the quarter was up 99.6% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. On average, analysts expect that Leidos Holdings, Inc. will post $3.55 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, September 15th. Leidos Holdings’s dividend payout ratio is currently 55.65%.
LDOS has been the subject of several research analyst reports. TheStreet downgraded Leidos Holdings from a “b-” rating to a “c+” rating in a research report on Thursday, September 7th. BidaskClub upgraded Leidos Holdings from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Tuesday, June 20th. Argus lifted 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, Cowen and Company reiterated a “buy” rating on shares of Leidos Holdings in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $61.78.
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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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