Alps Advisors Inc. acquired a new position in Leidos Holdings Inc (NYSE:LDOS) in the third quarter, Holdings Channel.com reports. The fund acquired 4,210 shares of the aerospace company’s stock, valued at approximately $362,000.
Several other institutional investors have also bought and sold shares of LDOS. JPMorgan Chase & Co. boosted its position in shares of Leidos by 958.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,113,180 shares of the aerospace company’s stock worth $326,543,000 after purchasing an additional 3,724,716 shares in the last quarter. Man Group plc boosted its position in shares of Leidos by 522.0% in the 2nd quarter. Man Group plc now owns 788,828 shares of the aerospace company’s stock worth $62,988,000 after purchasing an additional 662,014 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Leidos by 10,228.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 602,359 shares of the aerospace company’s stock worth $48,098,000 after purchasing an additional 596,527 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Leidos by 10.0% in the 2nd quarter. Victory Capital Management Inc. now owns 3,375,545 shares of the aerospace company’s stock worth $269,537,000 after purchasing an additional 307,860 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Leidos by 354.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 344,032 shares of the aerospace company’s stock worth $29,548,000 after purchasing an additional 268,400 shares in the last quarter. 76.15% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Leidos from $81.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Cowen reissued a “buy” rating and issued a $89.00 price objective on shares of Leidos in a research report on Tuesday, October 29th. JPMorgan Chase & Co. started coverage on Leidos in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $95.00 target price for the company. ValuEngine upgraded Leidos from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Zacks Investment Research upgraded Leidos from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Tuesday, September 17th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $86.50.
Shares of LDOS stock opened at $90.44 on Friday. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 2.34 and a beta of 1.51. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.16 and a quick ratio of 1.16. The business has a fifty day moving average of $83.94 and a 200 day moving average of $81.32. Leidos Holdings Inc has a 1 year low of $50.33 and a 1 year high of $90.48.
Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, October 29th. The aerospace company reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.17. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.73 billion. Leidos had a return on equity of 21.12% and a net margin of 6.25%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. As a group, equities research analysts expect that Leidos Holdings Inc will post 5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.50%. Leidos’s payout ratio is currently 31.05%.
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.
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