BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Leidos Holdings Inc (NYSE:LDOS) by 60.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,636 shares of the aerospace company’s stock after purchasing an additional 16,736 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Leidos were worth $2,353,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of LDOS. Commonwealth Bank of Australia grew its stake in Leidos by 55.5% in the 4th quarter. Commonwealth Bank of Australia now owns 17,928 shares of the aerospace company’s stock valued at $943,000 after buying an additional 6,400 shares during the last quarter. Hsbc Holdings PLC grew its stake in Leidos by 8.4% in the 4th quarter. Hsbc Holdings PLC now owns 271,880 shares of the aerospace company’s stock valued at $14,334,000 after buying an additional 21,155 shares during the last quarter. Bessemer Group Inc. grew its stake in Leidos by 78.1% in the 4th quarter. Bessemer Group Inc. now owns 896 shares of the aerospace company’s stock valued at $48,000 after buying an additional 393 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Leidos by 9.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 24,190 shares of the aerospace company’s stock valued at $1,275,000 after buying an additional 2,000 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of Leidos by 9.2% during the 4th quarter. Great West Life Assurance Co. Can now owns 126,309 shares of the aerospace company’s stock worth $6,254,000 after purchasing an additional 10,679 shares in the last quarter. 72.83% of the stock is currently owned by institutional investors.
Shares of NYSE:LDOS opened at $62.83 on Friday. Leidos Holdings Inc has a 12-month low of $50.33 and a 12-month high of $72.30. The company has a market cap of $9.18 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.71. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.92.
Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, February 19th. The aerospace company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.03. Leidos had a net margin of 5.70% and a return on equity of 19.68%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Equities analysts expect that Leidos Holdings Inc will post 4.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 14th. Leidos’s dividend payout ratio (DPR) is presently 29.22%.
A number of brokerages have issued reports on LDOS. ValuEngine upgraded shares of Leidos from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Drexel Hamilton restated a “buy” rating and set a $75.00 target price on shares of Leidos in a research report on Friday, February 22nd. Zacks Investment Research upgraded shares of Leidos from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Finally, Cowen restated a “buy” rating and set a $70.00 target price on shares of Leidos in a research report on Tuesday, February 19th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Leidos presently has a consensus rating of “Buy” and a consensus price target of $74.60.
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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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