Campbell & CO Investment Adviser LLC increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 89.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,647 shares of the aerospace company’s stock after buying an additional 2,200 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Leidos were worth $488,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in LDOS. Dudley & Shanley Inc. acquired a new stake in Leidos during the fourth quarter valued at approximately $15,242,000. Truadvice LLC boosted its holdings in Leidos by 16.8% during the fourth quarter. Truadvice LLC now owns 2,647 shares of the aerospace company’s stock valued at $295,000 after purchasing an additional 380 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Leidos by 27.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 66,483 shares of the aerospace company’s stock valued at $5,927,000 after purchasing an additional 14,373 shares in the last quarter. New Mexico Educational Retirement Board boosted its holdings in Leidos by 23.3% during the third quarter. New Mexico Educational Retirement Board now owns 11,100 shares of the aerospace company’s stock valued at $953,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Brinker Capital Investments LLC acquired a new stake in Leidos during the third quarter valued at approximately $2,937,000. 74.18% of the stock is currently owned by institutional investors and hedge funds.
Separately, Credit Suisse Group lifted their price objective on Leidos from $120.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $116.75.
Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, February 23rd. The aerospace company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Leidos had a net margin of 5.10% and a return on equity of 23.45%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the business earned $1.51 EPS. The firm’s revenue was up 10.1% on a year-over-year basis. Research analysts expect that Leidos Holdings, Inc. will post 5.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, March 12th. Leidos’s dividend payout ratio (DPR) is 26.31%.
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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