Lincoln National Corp decreased its position in Leidos Holdings Inc (NYSE:LDOS) by 5.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 157,179 shares of the aerospace company’s stock after selling 9,526 shares during the period. Lincoln National Corp owned 0.11% of Leidos worth $12,551,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its stake in Leidos by 66.0% in the second quarter. CWM LLC now owns 332 shares of the aerospace company’s stock worth $27,000 after buying an additional 132 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Leidos in the second quarter worth approximately $27,000. Icon Wealth Partners LLC bought a new position in Leidos in the first quarter worth approximately $37,000. TRUE Private Wealth Advisors bought a new position in Leidos in the second quarter worth approximately $68,000. Finally, Zions Bancorporation N.A. bought a new position in Leidos in the first quarter worth approximately $87,000. Hedge funds and other institutional investors own 74.00% of the company’s stock.
A number of equities analysts recently commented on LDOS shares. Zacks Investment Research downgraded shares of Leidos from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a research note on Tuesday, July 2nd. SunTrust Banks upped their target price on Leidos to $95.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Co upped their target price on Leidos from $80.00 to $85.00 and gave the company a “positive” rating in a research report on Wednesday, May 15th. Morgan Stanley upped their target price on Leidos from $75.00 to $81.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $75.00 target price on shares of Leidos in a research report on Thursday, May 9th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Leidos has an average rating of “Buy” and a consensus target price of $82.60.
Shares of LDOS stock traded down $1.28 during mid-day trading on Friday, hitting $84.28. 377,258 shares of the stock were exchanged, compared to its average volume of 3,180,527. The firm has a fifty day moving average of $82.25 and a 200 day moving average of $72.65. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. Leidos Holdings Inc has a 52-week low of $50.33 and a 52-week high of $85.86. The company has a market cap of $12.28 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.41 and a beta of 1.56.
Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, July 30th. The aerospace company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.06. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. Leidos had a net margin of 6.27% and a return on equity of 20.11%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 EPS. Equities analysts predict that Leidos Holdings Inc will post 4.68 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.34 dividend. This is an increase from Leidos’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, September 13th. This represents a $1.36 dividend on an annualized basis and a yield of 1.61%. Leidos’s dividend payout ratio is presently 29.22%.
In other Leidos news, Director Gary Stephen May sold 500 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $84.57, for a total value of $42,285.00. Following the completion of the sale, the director now owns 9,166 shares in the company, valued at approximately $775,168.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.17% of the stock is currently owned by corporate insiders.
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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