Pzena Investment Management LLC raised its position in shares of Leidos Holdings Inc (NYSE:LDOS) by 30.8% during the first quarter, Holdings Channel reports. The fund owned 6,502 shares of the aerospace company’s stock after acquiring an additional 1,532 shares during the quarter. Pzena Investment Management LLC’s holdings in Leidos were worth $417,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc increased its position in Leidos by 2.0% during the third quarter. Vanguard Group Inc now owns 13,668,049 shares of the aerospace company’s stock valued at $945,282,000 after acquiring an additional 264,927 shares during the last quarter. Gateway Investment Advisers LLC bought a new position in Leidos during the fourth quarter valued at $4,032,000. TrimTabs Asset Management LLC bought a new position in Leidos during the fourth quarter valued at $961,000. Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new position in Leidos during the fourth quarter valued at $208,000. Finally, Meeder Asset Management Inc. increased its position in Leidos by 1,224.8% during the fourth quarter. Meeder Asset Management Inc. now owns 12,360 shares of the aerospace company’s stock valued at $651,000 after acquiring an additional 11,427 shares during the last quarter. Institutional investors and hedge funds own 76.65% of the company’s stock.
NYSE LDOS opened at $73.77 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.90. Leidos Holdings Inc has a 12 month low of $50.33 and a 12 month high of $75.79. The stock has a market capitalization of $10.88 billion, a PE ratio of 16.84, a P/E/G ratio of 1.72 and a beta of 1.74.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, June 13th. Leidos’s payout ratio is 29.22%.
A number of research analysts have recently commented on LDOS shares. ValuEngine upgraded shares of Leidos from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Cowen restated a “buy” rating and issued a $77.00 price target on shares of Leidos in a report on Tuesday, April 30th. Drexel Hamilton restated a “buy” rating and issued a $75.00 price target on shares of Leidos in a report on Friday, February 22nd. Zacks Investment Research upgraded shares of Leidos from a “sell” rating to a “hold” rating in a report on Monday, February 11th. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $75.00 price target on shares of Leidos in a report on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Leidos presently has a consensus rating of “Buy” and an average price target of $74.60.
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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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