Toews Corp ADV lessened its position in shares of Leidos Holdings, Inc. (NYSE:LDOS – Get Rating) by 41.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,400 shares of the aerospace company’s stock after selling 5,200 shares during the quarter. Toews Corp ADV’s holdings in Leidos were worth $778,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LDOS. Vanguard Group Inc. grew its position in shares of Leidos by 1.6% in the first quarter. Vanguard Group Inc. now owns 15,087,661 shares of the aerospace company’s stock valued at $1,629,768,000 after purchasing an additional 236,272 shares during the period. Victory Capital Management Inc. grew its position in shares of Leidos by 13.6% in the third quarter. Victory Capital Management Inc. now owns 4,446,529 shares of the aerospace company’s stock valued at $388,938,000 after purchasing an additional 532,591 shares during the period. Boston Partners grew its position in shares of Leidos by 2.6% in the third quarter. Boston Partners now owns 4,137,195 shares of the aerospace company’s stock valued at $364,047,000 after purchasing an additional 103,470 shares during the period. First Trust Advisors LP grew its position in shares of Leidos by 6.7% in the third quarter. First Trust Advisors LP now owns 1,975,172 shares of the aerospace company’s stock valued at $172,768,000 after purchasing an additional 124,866 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Leidos by 29.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,899,486 shares of the aerospace company’s stock worth $166,149,000 after acquiring an additional 426,858 shares during the last quarter. Institutional investors and hedge funds own 75.74% of the company’s stock.
Leidos Trading Down 0.2 %
Leidos stock traded down $0.15 during mid-day trading on Thursday, hitting $92.29. The company’s stock had a trading volume of 39,550 shares, compared to its average volume of 876,844. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.90. The stock’s fifty day moving average is $94.55 and its two-hundred day moving average is $99.06. Leidos Holdings, Inc. has a 1 year low of $87.24 and a 1 year high of $110.91. The firm has a market capitalization of $12.65 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.78 and a beta of 0.76.
Leidos (NYSE:LDOS – Get Rating) last released its quarterly earnings results on Tuesday, February 14th. The aerospace company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Leidos had a return on equity of 22.01% and a net margin of 4.76%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the prior year, the firm earned $1.56 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, analysts anticipate that Leidos Holdings, Inc. will post 6.64 EPS for the current year.
Leidos Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, March 14th. Leidos’s dividend payout ratio (DPR) is 29.15%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of Leidos from a “buy” rating to a “hold” rating and lowered their price target for the stock from $120.00 to $95.00 in a research report on Monday, March 27th. Citigroup lowered their price target on shares of Leidos from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, February 16th. Wells Fargo & Company lowered their price target on shares of Leidos from $114.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 15th. Royal Bank of Canada lowered their price target on shares of Leidos from $112.00 to $105.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 15th. Finally, StockNews.com lowered shares of Leidos from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 24th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Leidos currently has a consensus rating of “Hold” and a consensus price target of $108.14.
Leidos Company Profile
Leidos Holdings, Inc engages in the provision of services and solutions in the defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment provides services, solutions, and products focusing on digital modernization, mission systems and integration, Command, Control, Computers, Communications, Intelligence, Surveillance and Reconnaissance (“”C4ISR””) technologies and services, maritime solutions, transformative software, analytics, intelligence analysis, mission support and logistics services, weapons systems and space systems and solutions.