Commonwealth Bank of Australia grew its holdings in Leidos Holdings Inc (NYSE:LDOS) by 29.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,528 shares of the aerospace company’s stock after purchasing an additional 2,600 shares during the period. Commonwealth Bank of Australia’s holdings in Leidos were worth $793,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Braun Bostich & Associates Inc. purchased a new position in shares of Leidos in the 2nd quarter worth $112,000. Zions Bancorporation purchased a new position in shares of Leidos in the 3rd quarter worth $137,000. Fort L.P. purchased a new position in shares of Leidos in the 2nd quarter worth $119,000. Welch & Forbes LLC purchased a new position in shares of Leidos in the 3rd quarter worth $207,000. Finally, Wilsey Asset Management Inc. purchased a new position in shares of Leidos in the 3rd quarter worth $227,000. 71.98% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on LDOS shares. Zacks Investment Research upgraded Leidos from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Tuesday, September 25th. ValuEngine upgraded Leidos from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Argus dropped their price target on Leidos from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Finally, Cowen restated a “buy” rating and issued a $77.00 price target on shares of Leidos in a research note on Wednesday, October 17th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Leidos presently has an average rating of “Buy” and a consensus target price of $77.29.
Leidos (NYSE:LDOS) last released its earnings results on Thursday, October 25th. The aerospace company reported $1.14 earnings per share 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 the consensus estimate of $2.64 billion. Leidos had a return on equity of 18.67% and a net margin of 5.04%. On average, equities research analysts anticipate that Leidos Holdings Inc will post 4.36 EPS for the current year.
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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