Proffitt & Goodson Inc. lowered its stake in shares of Leidos Holdings Inc (NYSE:LDOS) by 9.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,200 shares of the aerospace company’s stock after selling 2,000 shares during the quarter. Proffitt & Goodson Inc.’s holdings in Leidos were worth $1,563,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of LDOS. Advisory Services Network LLC lifted its holdings in shares of Leidos by 51.2% in the 1st quarter. Advisory Services Network LLC now owns 3,640 shares of the aerospace company’s stock worth $233,000 after buying an additional 1,233 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Leidos by 11.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 347,168 shares of the aerospace company’s stock worth $22,251,000 after purchasing an additional 36,131 shares during the last quarter. DNB Asset Management AS purchased a new stake in shares of Leidos during the 2nd quarter worth $2,132,000. WINTON GROUP Ltd purchased a new stake in shares of Leidos during the 2nd quarter worth $8,777,000. Finally, Retirement Systems of Alabama lifted its stake in shares of Leidos by 28.8% during the 2nd quarter. Retirement Systems of Alabama now owns 245,085 shares of the aerospace company’s stock worth $19,570,000 after purchasing an additional 54,821 shares during the last quarter. Institutional investors own 74.67% of the company’s stock.
A number of equities research analysts recently weighed in on the company. ValuEngine cut Leidos from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup lowered Leidos from a “buy” rating to a “neutral” rating and upped their target price for the company from $75.00 to $83.00 in a research report on Tuesday, July 9th. JPMorgan Chase & Co. initiated coverage on Leidos in a research report on Tuesday, September 24th. They set a “neutral” rating and a $95.00 target price on the stock. Barclays initiated coverage on Leidos in a research report on Friday, September 20th. They set an “equal weight” rating and a $97.00 target price on the stock. Finally, SunTrust Banks upped their target price on Leidos to $95.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $85.50.
Shares of LDOS traded down $0.81 during mid-day trading on Monday, reaching $80.81. The company had a trading volume of 542,649 shares, compared to its average volume of 1,280,068. The stock has a market capitalization of $11.75 billion, a P/E ratio of 18.45, a PEG ratio of 2.31 and a beta of 1.52. The stock has a 50 day moving average of $85.24 and a two-hundred day moving average of $78.83. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. Leidos Holdings Inc has a 52-week low of $50.33 and a 52-week high of $89.00.
Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.10 by $0.06. Leidos had a return on equity of 20.11% and a net margin of 6.27%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the firm earned $1.12 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts expect that Leidos Holdings Inc will post 4.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.34 per share. This is a boost from Leidos’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, September 13th. This represents a $1.36 annualized dividend and a yield of 1.68%. Leidos’s dividend payout ratio (DPR) is 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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