Virginia Retirement Systems ET AL Makes New $1.47 Million Investment in Leidos Holdings Inc (NYSE:LDOS)

Virginia Retirement Systems ET AL bought a new position in Leidos Holdings Inc (NYSE:LDOS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,400 shares of the aerospace company’s stock, valued at approximately $1,469,000.

Other hedge funds also recently added to or reduced their stakes in the company. Welch & Forbes LLC bought a new position in shares of Leidos during the 2nd quarter valued at $240,000. Meeder Asset Management Inc. raised its holdings in shares of Leidos by 55.7% during the 1st quarter. Meeder Asset Management Inc. now owns 19,243 shares of the aerospace company’s stock valued at $1,234,000 after purchasing an additional 6,883 shares in the last quarter. Fort L.P. raised its holdings in shares of Leidos by 35.4% during the 1st quarter. Fort L.P. now owns 34,731 shares of the aerospace company’s stock valued at $2,226,000 after purchasing an additional 9,085 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Leidos by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 1,449,617 shares of the aerospace company’s stock valued at $76,375,000 after purchasing an additional 71,807 shares in the last quarter. Finally, Texas Permanent School Fund raised its holdings in shares of Leidos by 1.3% during the 1st quarter. Texas Permanent School Fund now owns 99,241 shares of the aerospace company’s stock valued at $6,360,000 after purchasing an additional 1,240 shares in the last quarter. Institutional investors own 74.74% of the company’s stock.

A number of research analysts have recently weighed in on LDOS shares. SunTrust Banks raised their price target on shares of Leidos to $95.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Zacks Investment Research downgraded shares of Leidos from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a report on Tuesday, July 2nd. Goldman Sachs Group restated a “neutral” rating and set a $75.00 price target on shares of Leidos in a report on Thursday, May 9th. Argus raised their price target on shares of Leidos to $82.00 and gave the company a “positive” rating in a report on Thursday, May 16th. Finally, Cowen restated a “buy” rating and set a $77.00 price target on shares of Leidos in a report on Tuesday, April 30th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $82.00.

LDOS traded down $0.84 during trading on Friday, hitting $83.06. The stock had a trading volume of 1,419,465 shares, compared to its average volume of 2,872,990. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 2.39 and a beta of 1.56. Leidos Holdings Inc has a 12 month low of $50.33 and a 12 month high of $85.47. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.96. The company has a 50 day simple moving average of $81.09.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, July 30th. The aerospace company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.10 by $0.06. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. Leidos had a net margin of 6.27% and a return on equity of 20.11%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. As a group, research analysts forecast that Leidos Holdings Inc will post 4.68 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, September 13th. This is an increase from Leidos’s previous quarterly dividend of $0.32. Leidos’s dividend payout ratio (DPR) is 29.22%.

Leidos Company Profile

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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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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