Regentatlantic Capital LLC Grows Stock Holdings in Leidos Holdings Inc (NYSE:LDOS)

Regentatlantic Capital LLC increased its stake in shares of Leidos Holdings Inc (NYSE:LDOS) by 7.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,172 shares of the aerospace company’s stock after buying an additional 9,512 shares during the quarter. Leidos comprises about 0.8% of Regentatlantic Capital LLC’s holdings, making the stock its 29th largest position. Regentatlantic Capital LLC owned approximately 0.10% of Leidos worth $11,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Somerset Trust Co lifted its position in Leidos by 150.6% in the first quarter. Somerset Trust Co now owns 436 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 262 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Leidos in the first quarter valued at about $32,000. Legacy Advisors LLC acquired a new stake in Leidos in the first quarter valued at about $37,000. Icon Wealth Partners LLC acquired a new stake in Leidos in the first quarter valued at about $37,000. Finally, Zions Bancorporation N.A. acquired a new stake in Leidos in the first quarter valued at about $87,000. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LDOS stock traded down $2.09 during midday trading on Friday, reaching $81.32. 124,460 shares of the company traded hands, compared to its average volume of 740,677. The business’s 50 day moving average price is $80.66. Leidos Holdings Inc has a 1-year low of $50.33 and a 1-year high of $85.47. The company has a current ratio of 1.30, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 2.44 and a beta of 1.56.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.06. Leidos had a net margin of 6.27% and a return on equity of 19.16%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the firm earned $1.12 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that Leidos Holdings Inc will post 4.67 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.34 per share. This is an increase from Leidos’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, September 13th. Leidos’s payout ratio is currently 29.22%.

A number of brokerages recently commented on LDOS. Goldman Sachs Group restated a “neutral” rating and issued a $75.00 price objective on shares of Leidos in a research report on Thursday, May 9th. Argus raised their price objective on shares of Leidos to $82.00 and gave the company a “positive” rating in a research report on Thursday, May 16th. ValuEngine downgraded shares of Leidos from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Co raised their price objective on shares of Leidos from $80.00 to $85.00 and gave the company a “positive” rating in a research report on Wednesday, May 15th. Finally, SunTrust Banks lifted their price target on shares of Leidos to $95.00 and gave the company a “buy” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.00.

About Leidos

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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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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