Lord Abbett & CO. LLC trimmed its holdings in Leidos Holdings Inc (NYSE:LDOS) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 413,100 shares of the aerospace company’s stock after selling 13,900 shares during the period. Lord Abbett & CO. LLC owned 0.28% of Leidos worth $21,779,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of LDOS. Edge Wealth Management LLC boosted its stake in Leidos by 250.0% in the 4th quarter. Edge Wealth Management LLC now owns 700 shares of the aerospace company’s stock worth $37,000 after buying an additional 500 shares during the last quarter. Bessemer Group Inc. boosted its stake in Leidos by 78.1% in the 4th quarter. Bessemer Group Inc. now owns 896 shares of the aerospace company’s stock worth $48,000 after buying an additional 393 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Leidos by 5,498.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,142,692 shares of the aerospace company’s stock worth $60,000 after buying an additional 3,086,560 shares during the last quarter. Enlightenment Research LLC acquired a new stake in Leidos in the 4th quarter worth about $73,000. Finally, First Command Bank boosted its stake in Leidos by 26.9% in the 4th quarter. First Command Bank now owns 2,263 shares of the aerospace company’s stock worth $119,000 after buying an additional 480 shares during the last quarter. 72.83% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Leidos from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. ValuEngine downgraded Leidos from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. Cowen restated a “buy” rating and issued a $70.00 price objective on shares of Leidos in a report on Tuesday, February 19th. Finally, Drexel Hamilton restated a “buy” rating and issued a $75.00 price objective on shares of Leidos in a report on Friday, February 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $74.60.
Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, February 19th. The aerospace company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.66 billion. Leidos had a return on equity of 19.68% and a net margin of 5.70%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.87 EPS. On average, equities analysts forecast that Leidos Holdings Inc will post 4.53 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.04%. Leidos’s dividend payout ratio (DPR) is 29.22%.
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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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