Heritage Investors Management Corp raised its position in Leidos Holdings Inc (NYSE:LDOS) by 76.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,134 shares of the aerospace company’s stock after purchasing an additional 16,897 shares during the quarter. Heritage Investors Management Corp’s holdings in Leidos were worth $2,707,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of LDOS. Principal Financial Group Inc. raised its position in Leidos by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 2,593,539 shares of the aerospace company’s stock worth $169,617,000 after purchasing an additional 119,243 shares during the period. IFM Investors Pty Ltd purchased a new position in shares of Leidos during the second quarter worth approximately $243,000. State of Alaska Department of Revenue increased its position in shares of Leidos by 40.0% during the second quarter. State of Alaska Department of Revenue now owns 15,620 shares of the aerospace company’s stock worth $921,000 after acquiring an additional 4,460 shares during the period. NN Investment Partners Holdings N.V. increased its position in shares of Leidos by 21.8% during the second quarter. NN Investment Partners Holdings N.V. now owns 85,625 shares of the aerospace company’s stock worth $5,052,000 after acquiring an additional 15,300 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Leidos during the second quarter worth approximately $426,000. 73.39% of the stock is currently owned by institutional investors.
A number of brokerages have recently commented on LDOS. Zacks Investment Research raised shares of Leidos from a “sell” rating to a “hold” rating in a research report on Friday, July 27th. Cowen reaffirmed a “buy” rating and set a $77.00 target price on shares of Leidos in a research report on Wednesday, October 17th. Argus reduced their target price on shares of Leidos from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Finally, ValuEngine raised shares of Leidos from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Leidos currently has a consensus rating of “Buy” and an average target price of $76.13.
Leidos (NYSE:LDOS) last issued its quarterly earnings data on Thursday, October 25th. The aerospace company reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.04. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.64 billion. Leidos had a net margin of 5.04% and a return on equity of 18.67%. Sell-side analysts anticipate that Leidos Holdings Inc will post 4.36 earnings per share for the current fiscal year.
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Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company 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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