Leidos Holdings, Inc. (LDOS) Short Interest Update

Leidos Holdings, Inc. (NYSE:LDOS) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 2,534,798 shares, a growth of 47.8% from the November 30th total of 1,715,003 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 890,791 shares, the days-to-cover ratio is currently 2.8 days.

Leidos (NYSE LDOS) opened at $63.92 on Thursday. The company has a market cap of $9,680.00, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 1.70 and a beta of 1.66. Leidos has a one year low of $47.81 and a one year high of $65.70. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.27.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.81 by $0.14. Leidos had a net margin of 3.04% and a return on equity of 17.20%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm posted $1.25 earnings per share. The business’s revenue was up 34.0% compared to the same quarter last year. sell-side analysts predict that Leidos will post 3.7 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, December 15th. Leidos’s payout ratio is 68.45%.

Several research analysts have commented on the stock. Cowen reissued a “buy” rating and set a $68.00 price target on shares of Leidos in a research note on Thursday, November 2nd. Wells Fargo & Co raised shares of Leidos from a “market perform” rating to an “outperform” rating and set a $69.00 price target on the stock in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Leidos from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Friday, November 3rd. Jefferies Group reissued a “buy” rating and set a $75.00 price target on shares of Leidos in a research note on Thursday, October 5th. Finally, BidaskClub downgraded shares of Leidos from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $69.33.

In related news, Director John P. Jumper sold 61,212 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $64.06, for a total value of $3,921,240.72. Following the sale, the director now directly owns 306,709 shares of the company’s stock, valued at $19,647,778.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Leidos by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after buying an additional 18 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of Leidos by 2.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock worth $113,000 after buying an additional 44 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Leidos by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,940 shares of the aerospace company’s stock worth $1,082,000 after buying an additional 75 shares during the period. Seven Eight Capital LP increased its stake in shares of Leidos by 1.1% in the second quarter. Seven Eight Capital LP now owns 26,401 shares of the aerospace company’s stock worth $1,365,000 after buying an additional 300 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Leidos by 5.3% in the second quarter. M&T Bank Corp now owns 6,241 shares of the aerospace company’s stock worth $323,000 after buying an additional 314 shares during the period. 73.48% of the stock is currently owned by institutional investors.

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Leidos 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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