Martingale Asset Management L P reduced its stake in shares of Leidos Holdings Inc (NYSE:LDOS) by 86.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,930 shares of the aerospace company’s stock after selling 48,797 shares during the quarter. Martingale Asset Management L P’s holdings in Leidos were worth $468,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Altfest L J & Co. Inc. raised its stake in Leidos by 6.6% during the 1st quarter. Altfest L J & Co. Inc. now owns 15,923 shares of the aerospace company’s stock valued at $1,041,000 after purchasing an additional 980 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Leidos by 2.6% in the 1st quarter. Suntrust Banks Inc. now owns 43,167 shares of the aerospace company’s stock valued at $2,821,000 after buying an additional 1,079 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Leidos by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 38,500 shares of the aerospace company’s stock valued at $2,272,000 after buying an additional 1,100 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Leidos by 2.9% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 44,240 shares of the aerospace company’s stock valued at $2,893,000 after buying an additional 1,250 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Leidos by 7.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 20,290 shares of the aerospace company’s stock valued at $1,327,000 after buying an additional 1,320 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.
LDOS has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Leidos from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. ValuEngine upgraded shares of Leidos from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. Finally, Goldman Sachs Group cut shares of Leidos from a “buy” rating to a “neutral” rating in a research note on Monday, June 18th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Leidos has an average rating of “Buy” and a consensus price target of $75.13.
Shares of LDOS stock opened at $70.73 on Thursday. Leidos Holdings Inc has a 52-week low of $55.76 and a 52-week high of $72.30. The firm has a market capitalization of $10.65 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.67. The company has a quick ratio of 1.08, a current ratio of 1.31 and a debt-to-equity ratio of 0.87.
Leidos (NYSE:LDOS) last announced its quarterly earnings data on Thursday, July 26th. The aerospace company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Leidos had a net margin of 4.42% and a return on equity of 18.05%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. equities research analysts forecast that Leidos Holdings Inc will post 4.4 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 17th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, September 14th. Leidos’s dividend payout ratio (DPR) is currently 34.41%.
Leidos Company Profile
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company 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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