Tredje AP fonden grew its stake in Leidos Holdings Inc (NYSE:LDOS) by 167.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,885 shares of the aerospace company’s stock after purchasing an additional 30,598 shares during the period. Tredje AP fonden’s holdings in Leidos were worth $4,785,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in shares of Leidos in the fourth quarter valued at approximately $1,123,000. GFG Capital LLC purchased a new stake in Leidos in the 4th quarter valued at $1,072,000. Aviva PLC raised its position in Leidos by 1.3% in the 4th quarter. Aviva PLC now owns 47,566 shares of the aerospace company’s stock valued at $4,656,000 after buying an additional 606 shares during the last quarter. Great Valley Advisor Group Inc. purchased a new stake in Leidos in the 4th quarter valued at $326,000. Finally, Natixis Advisors L.P. raised its position in Leidos by 6.6% in the 4th quarter. Natixis Advisors L.P. now owns 22,451 shares of the aerospace company’s stock valued at $2,198,000 after buying an additional 1,399 shares during the last quarter. 76.09% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on LDOS shares. Morgan Stanley upped their price target on Leidos from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, December 23rd. ValuEngine cut shares of Leidos from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Cowen restated a “buy” rating and issued a $111.00 price objective on shares of Leidos in a research report on Thursday, February 13th. Stifel Nicolaus raised their price objective on shares of Leidos from $90.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, February 20th. They noted that the move was a valuation call. Finally, SunTrust Banks raised their price objective on shares of Leidos from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Leidos presently has a consensus rating of “Hold” and a consensus target price of $101.50.
Shares of Leidos stock traded down $4.41 during trading hours on Tuesday, hitting $109.42. 87,183 shares of the company’s stock traded hands, compared to its average volume of 885,488. Leidos Holdings Inc has a 12-month low of $61.74 and a 12-month high of $125.84. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.79 and a beta of 1.50. The company has a fifty day simple moving average of $106.26 and a 200-day simple moving average of $92.22. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.21 and a quick ratio of 1.21.
Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, February 18th. The aerospace company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.16. Leidos had a return on equity of 22.51% and a net margin of 6.01%. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the firm posted $1.25 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. On average, analysts forecast that Leidos Holdings Inc will post 5.59 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, March 16th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, March 13th. Leidos’s dividend payout ratio is presently 26.31%.
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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