Dowling & Yahnke LLC decreased its stake in shares of Leidos Holdings Inc (NYSE:LDOS) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,414 shares of the aerospace company’s stock after selling 174 shares during the period. Dowling & Yahnke LLC’s holdings in Leidos were worth $3,067,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Leidos in the fourth quarter worth $78,454,000. First Trust Advisors LP grew its holdings in Leidos by 105.2% during the 1st quarter. First Trust Advisors LP now owns 1,415,365 shares of the aerospace company’s stock valued at $90,711,000 after purchasing an additional 725,477 shares in the last quarter. Ronna Sue Cohen grew its holdings in Leidos by 6,309.0% during the 1st quarter. Ronna Sue Cohen now owns 699,414 shares of the aerospace company’s stock valued at $699,000 after purchasing an additional 688,501 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Leidos by 5.8% during the 1st quarter. Victory Capital Management Inc. now owns 3,067,685 shares of the aerospace company’s stock valued at $196,608,000 after purchasing an additional 167,505 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Leidos by 19.6% during the 1st quarter. California Public Employees Retirement System now owns 1,019,185 shares of the aerospace company’s stock valued at $65,320,000 after purchasing an additional 167,018 shares in the last quarter. 74.71% of the stock is owned by hedge funds and other institutional investors.
LDOS has been the subject of a number of recent analyst reports. Argus raised their price target on shares of Leidos to $82.00 and gave the company a “positive” rating in a report on Thursday, May 16th. Citigroup downgraded shares of Leidos from a “buy” rating to a “neutral” rating and increased their price objective for the company from $75.00 to $83.00 in a research note on Tuesday, July 9th. ValuEngine downgraded shares of Leidos from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley began coverage on shares of Leidos in a research note on Monday, June 3rd. They set an “equal weight” rating and a $75.00 price objective on the stock. Finally, SunTrust Banks increased their price objective on shares of Leidos to $95.00 and gave the company a “buy” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $82.00.
Leidos (NYSE:LDOS) last released its earnings results on Tuesday, July 30th. The aerospace company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.06. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Leidos had a net margin of 6.27% and a return on equity of 19.16%. Leidos’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $1.12 EPS. As a group, sell-side analysts anticipate that Leidos Holdings Inc will post 4.67 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.34 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.36 annualized dividend and a dividend yield of 1.63%. This is a boost from Leidos’s previous quarterly dividend of $0.32. Leidos’s payout ratio is currently 29.22%.
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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