Commonwealth Equity Services LLC grew its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS – Get Rating) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,718 shares of the aerospace company’s stock after acquiring an additional 450 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Leidos were worth $2,074,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of LDOS. KB Financial Partners LLC acquired a new position in shares of Leidos during the first quarter valued at about $25,000. DB Wealth Management Group LLC boosted its position in Leidos by 100.0% in the third quarter. DB Wealth Management Group LLC now owns 310 shares of the aerospace company’s stock valued at $27,000 after buying an additional 155 shares during the last quarter. Cowa LLC purchased a new stake in Leidos in the third quarter valued at approximately $31,000. Clear Street Markets LLC boosted its position in Leidos by 61.1% in the third quarter. Clear Street Markets LLC now owns 464 shares of the aerospace company’s stock valued at $41,000 after buying an additional 176 shares during the last quarter. Finally, Quent Capital LLC boosted its position in Leidos by 44.6% in the fourth quarter. Quent Capital LLC now owns 428 shares of the aerospace company’s stock valued at $45,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 75.74% of the company’s stock.
In other news, Director Gary Stephen May sold 2,618 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $78.71, for a total transaction of $206,062.78. Following the transaction, the director now owns 11,352 shares in the company, valued at approximately $893,515.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Jerald S. Howe, Jr. acquired 1,200 shares of Leidos stock in a transaction that occurred on Thursday, May 4th. The stock was purchased at an average cost of $80.25 per share, with a total value of $96,300.00. Following the purchase, the executive vice president now owns 16,958 shares in the company, valued at $1,360,879.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Stephen May sold 2,618 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $78.71, for a total value of $206,062.78. Following the completion of the transaction, the director now directly owns 11,352 shares of the company’s stock, valued at $893,515.92. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.
Leidos Trading Down 1.8 %
Leidos (NYSE:LDOS – Get Rating) last announced its earnings results on Tuesday, May 2nd. The aerospace company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.12). Leidos had a net margin of 4.60% and a return on equity of 21.00%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the business earned $1.58 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that Leidos Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.
Leidos Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, June 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.87%. Leidos’s dividend payout ratio (DPR) is 29.63%.
Wall Street Analyst Weigh In
LDOS has been the topic of a number of recent research reports. Royal Bank of Canada dropped their target price on Leidos from $100.00 to $90.00 in a research report on Wednesday, May 3rd. 888 reiterated a “maintains” rating on shares of Leidos in a research report on Wednesday, May 3rd. Barclays dropped their target price on Leidos from $113.00 to $90.00 in a research report on Tuesday, May 9th. Jefferies Financial Group lowered Leidos from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $120.00 to $95.00 in a research report on Monday, March 27th. Finally, TheStreet lowered Leidos from a “b-” rating to a “c+” rating in a research report on Monday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $101.75.
Leidos Holdings, Inc engages in the provision of services and solutions in the defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment provides services, solutions, and products focusing on digital modernization, mission systems and integration, Command, Control, Computers, Communications, Intelligence, Surveillance and Reconnaissance (“”C4ISR””) technologies and services, maritime solutions, transformative software, analytics, intelligence analysis, mission support and logistics services, weapons systems and space systems and solutions.
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