US Bancorp DE cut its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 21.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,968 shares of the aerospace company’s stock after selling 6,024 shares during the period. US Bancorp DE’s holdings in Leidos Holdings were worth $1,135,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its position in shares of Leidos Holdings by 4.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,147 shares of the aerospace company’s stock valued at $110,000 after buying an additional 100 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Leidos Holdings during the first quarter valued at approximately $189,000. Timber Hill LLC bought a new stake in Leidos Holdings during the first quarter valued at approximately $242,000. DekaBank Deutsche Girozentrale bought a new stake in Leidos Holdings during the first quarter valued at approximately $247,000. Finally, Sii Investments Inc. WI bought a new stake in Leidos Holdings during the first quarter valued at approximately $264,000. 74.29% of the stock is currently owned by institutional investors.
Leidos Holdings, Inc. (NYSE:LDOS) opened at 55.34 on Friday. Leidos Holdings, Inc. has a 52-week low of $39.26 and a 52-week high of $57.76. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 24.79 and a beta of 1.73. The stock has a 50 day moving average of $54.11 and a 200-day moving average of $53.15.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business’s revenue was up 99.6% on a year-over-year basis. On average, analysts forecast that Leidos Holdings, Inc. will post $3.55 EPS for the current year.
Several analysts recently commented on LDOS shares. Goldman Sachs Group, Inc. (The) upgraded shares of Leidos Holdings from a “neutral” rating to a “buy” rating and raised their price target for the stock from $61.00 to $68.00 in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Tuesday, June 20th. Cowen and Company restated a “buy” rating on shares of Leidos Holdings in a report on Thursday, August 3rd. ValuEngine upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $52.00 target price on shares of Leidos Holdings in a research note on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $59.30.
Leidos Holdings Company Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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