Lazard Asset Management LLC boosted its holdings in Leidos Holdings Inc (NYSE:LDOS) by 36.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 211,245 shares of the aerospace company’s stock after acquiring an additional 56,885 shares during the quarter. Lazard Asset Management LLC’s holdings in Leidos were worth $13,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of LDOS. Lunia Capital LP increased its position in shares of Leidos by 5,549.2% during the 4th quarter. Lunia Capital LP now owns 17,376,986 shares of the aerospace company’s stock valued at $17,377,000 after purchasing an additional 17,069,387 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Leidos by 5,498.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,142,692 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 3,086,560 shares during the period. Norges Bank acquired a new position in shares of Leidos during the 4th quarter valued at $78,454,000. First Trust Advisors LP increased its position in shares of Leidos by 105.2% during the 1st quarter. First Trust Advisors LP now owns 1,415,365 shares of the aerospace company’s stock valued at $90,711,000 after purchasing an additional 725,477 shares during the period. Finally, Ronna Sue Cohen increased its position in shares of Leidos by 6,309.0% during the 1st quarter. Ronna Sue Cohen now owns 699,414 shares of the aerospace company’s stock valued at $699,000 after purchasing an additional 688,501 shares during the period. Hedge funds and other institutional investors own 74.62% of the company’s stock.
Several equities analysts have recently issued reports on the company. Argus lifted their price target on Leidos to $82.00 and gave the company a “positive” rating in a research report on Thursday, May 16th. Morgan Stanley initiated coverage on Leidos in a research report on Monday, June 3rd. They set an “equal weight” rating and a $75.00 price target on the stock. Wells Fargo & Co raised their price objective on Leidos from $80.00 to $85.00 and gave the stock a “positive” rating in a research note on Wednesday, May 15th. ValuEngine raised Leidos from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, Credit Suisse Group raised their price objective on Leidos from $82.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Leidos presently has a consensus rating of “Buy” and a consensus price target of $79.13.
Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.13. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.49 billion. Leidos had a return on equity of 20.08% and a net margin of 6.47%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. Equities research analysts forecast that Leidos Holdings Inc will post 4.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Thursday, June 13th. Leidos’s dividend payout ratio is presently 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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