Leidos Holdings Inc. (LDOS) Downgraded by Zacks Investment Research
Leidos Holdings Inc. (NYSE:LDOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
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. “
LDOS has been the topic of several other reports. Argus assumed coverage on shares of Leidos Holdings in a report on Wednesday, September 7th. They issued a “buy” rating and a $54.00 price target on the stock. Citigroup Inc. assumed coverage on shares of Leidos Holdings in a report on Tuesday, September 6th. They issued a “buy” rating and a $47.00 price target on the stock. Jefferies Group reaffirmed a “hold” rating on shares of Leidos Holdings in a report on Monday, August 1st. Credit Suisse Group AG upped their price target on shares of Leidos Holdings from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, August 2nd. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of Leidos Holdings in a report on Monday, July 11th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $50.71.
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Shares of Leidos Holdings (NYSE:LDOS) opened at 41.70 on Wednesday. The stock has a 50 day moving average price of $42.10 and a 200 day moving average price of $46.93. Leidos Holdings has a one year low of $37.79 and a one year high of $59.52. The company has a market capitalization of $3.04 billion, a PE ratio of 10.96 and a beta of 1.38.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.73 by $0.05. Leidos Holdings had a net margin of 5.13% and a return on equity of 20.06%. The business earned $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Leidos Holdings will post $3.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Tuesday, September 20th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Friday, September 16th. Leidos Holdings’s dividend payout ratio is presently 35.56%.
In related news, Director Surya N. Mohapatra purchased 3,575 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were purchased at an average cost of $41.48 per share, with a total value of $148,291.00. Following the purchase, the director now owns 6,143 shares of the company’s stock, valued at approximately $254,811.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. PineBridge Investments L.P. acquired a new stake in Leidos Holdings during the second quarter worth approximately $105,000. Advisor Group Inc. acquired a new stake in Leidos Holdings during the second quarter worth approximately $125,000. Catalyst Capital Advisors LLC acquired a new stake in Leidos Holdings during the second quarter worth approximately $134,000. Fuller & Thaler Asset Management Inc. increased its stake in Leidos Holdings by 54.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,125 shares of the company’s stock worth $150,000 after buying an additional 1,100 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in Leidos Holdings by 71.4% in the second quarter. LS Investment Advisors LLC now owns 3,899 shares of the company’s stock worth $187,000 after buying an additional 1,624 shares during the last quarter. Institutional investors own 61.17% 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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