Leidos Holdings, Inc. (NYSE:LDOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Leidos Holdings Inc. provides science and technology solutions. The company operates in four segments: Defense Solutions; Health, Energy and Civil Solutions; Intelligence and Cybersecurity Solutions, and Corporate and other. It serves in the areas of national security, engineering and health. Leidos Holdings Inc., formerly known as SAIC, Inc., is headquartered in McLean, Virginia. “
A number of other research analysts also recently issued reports on the company. Jefferies Group reaffirmed a “hold” rating and set a $44.00 price target on shares of Leidos Holdings in a report on Tuesday, November 8th. Goldman Sachs Group, Inc. (The) started coverage on Leidos Holdings in a report on Wednesday, December 14th. They set a “neutral” rating and a $55.00 price target on the stock. Credit Suisse Group raised Leidos Holdings from a “neutral” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Monday, November 21st. Drexel Hamilton upped their price target on Leidos Holdings from $48.00 to $60.00 in a report on Thursday, December 29th. Finally, Oppenheimer Holdings, Inc. started coverage on Leidos Holdings in a report on Tuesday, December 6th. They set an “outperform” rating and a $59.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $52.33.
Leidos Holdings (NYSE:LDOS) opened at 49.82 on Tuesday. The firm has a 50-day moving average price of $51.02 and a 200 day moving average price of $46.39. Leidos Holdings has a 52 week low of $37.79 and a 52 week high of $55.18. The company has a market cap of $7.49 billion, a P/E ratio of 12.95 and a beta of 1.63.
Leidos Holdings (NYSE:LDOS) last released its earnings results on Thursday, November 3rd. The company reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.29. Leidos Holdings had a return on equity of 18.93% and a net margin of 5.36%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 43.5% compared to the same quarter last year. Analysts expect that Leidos Holdings will post $3.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Tuesday, December 13th. Leidos Holdings’s dividend payout ratio (DPR) is presently 34.32%.
In other news, Director Surya N. Mohapatra acquired 3,276 shares of Leidos Holdings stock in a transaction that occurred on Friday, November 11th. The stock was bought at an average price of $46.27 per share, for a total transaction of $151,580.52. Following the completion of the transaction, the director now owns 9,419 shares in the company, valued at $435,817.13. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of LDOS. PineBridge Investments L.P. bought a new stake in shares of Leidos Holdings during the second quarter worth approximately $105,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Leidos Holdings by 58,000.0% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,324 shares of the company’s stock worth $101,000 after buying an additional 2,320 shares during the last quarter. Advisor Group Inc. bought a new stake in shares of Leidos Holdings during the second quarter worth approximately $125,000. Catalyst Capital Advisors LLC bought a new stake in shares of Leidos Holdings during the second quarter worth approximately $134,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Leidos Holdings by 114.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,843 shares of the company’s stock worth $166,000 after buying an additional 2,047 shares during the last quarter. Institutional investors and hedge funds own 74.47% of the company’s stock.
Leidos Holdings Company Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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