Leidos Holdings Inc (LDOS) Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its position in shares of Leidos Holdings Inc (NYSE:LDOS) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 507,321 shares of the aerospace company’s stock after purchasing an additional 25,602 shares during the period. Legal & General Group Plc owned about 0.34% of Leidos worth $26,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LDOS. Daiwa Securities Group Inc. increased its position in Leidos by 6.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,250 shares of the aerospace company’s stock valued at $277,000 after buying an additional 300 shares in the last quarter. Strs Ohio increased its position in Leidos by 3.3% during the 4th quarter. Strs Ohio now owns 10,095 shares of the aerospace company’s stock valued at $532,000 after buying an additional 327 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in Leidos by 3.3% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 11,704 shares of the aerospace company’s stock valued at $617,000 after buying an additional 370 shares in the last quarter. Bessemer Group Inc. grew its stake in Leidos by 78.1% during the 4th quarter. Bessemer Group Inc. now owns 896 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 393 shares during the last quarter. Finally, Trust Co. of Vermont grew its stake in Leidos by 23.4% during the 4th quarter. Trust Co. of Vermont now owns 2,294 shares of the aerospace company’s stock valued at $121,000 after purchasing an additional 435 shares during the last quarter. 76.87% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on the company. Drexel Hamilton reiterated a “buy” rating and set a $75.00 price target on shares of Leidos in a research note on Friday, February 22nd. Cowen reiterated a “buy” rating and set a $70.00 price target on shares of Leidos in a research note on Tuesday, February 19th. Zacks Investment Research upgraded Leidos from a “sell” rating to a “hold” rating in a research note on Monday, February 11th. Finally, ValuEngine upgraded Leidos from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $74.60.

Shares of LDOS opened at $64.89 on Tuesday. Leidos Holdings Inc has a 52 week low of $50.33 and a 52 week high of $72.30. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $9.21 billion, a PE ratio of 14.82, a P/E/G ratio of 1.49 and a beta of 1.71.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, February 19th. The aerospace company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. Leidos had a return on equity of 19.68% and a net margin of 5.70%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. On average, research analysts predict that Leidos Holdings Inc will post 4.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.97%. Leidos’s payout ratio is 29.22%.

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Leidos Profile

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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