Leidos Holdings Inc (LDOS) Holdings Reduced by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its position in Leidos Holdings Inc (NYSE:LDOS) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,100 shares of the aerospace company’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Leidos were worth $2,506,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. W.E. Donoghue & Co. LLC acquired a new stake in shares of Leidos in the 1st quarter valued at about $1,016,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Leidos in the 1st quarter valued at about $297,000. Lavaca Capital LLC acquired a new stake in shares of Leidos in the 1st quarter valued at about $129,000. TrimTabs Asset Management LLC raised its stake in shares of Leidos by 5.0% in the 1st quarter. TrimTabs Asset Management LLC now owns 19,133 shares of the aerospace company’s stock valued at $1,226,000 after purchasing an additional 910 shares in the last quarter. Finally, Heritage Investors Management Corp raised its stake in shares of Leidos by 4.8% in the 1st quarter. Heritage Investors Management Corp now owns 47,399 shares of the aerospace company’s stock valued at $3,038,000 after purchasing an additional 2,170 shares in the last quarter. Hedge funds and other institutional investors own 76.87% of the company’s stock.

NYSE LDOS traded down $0.41 on Monday, hitting $64.93. The stock had a trading volume of 4,428 shares, compared to its average volume of 809,137. Leidos Holdings Inc has a one year low of $50.33 and a one year high of $72.30. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.92. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 1.51 and a beta of 1.71.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, February 19th. The aerospace company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.07 by $0.03. Leidos had a net margin of 5.70% and a return on equity of 19.68%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. Leidos’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts expect that Leidos Holdings Inc will post 4.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, March 14th. Leidos’s dividend payout ratio (DPR) is 29.22%.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Leidos from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. ValuEngine downgraded shares of Leidos from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. Cowen reaffirmed a “buy” rating and set a $70.00 price objective on shares of Leidos in a research report on Tuesday, February 19th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $75.00 price objective on shares of Leidos in a research report on Friday, February 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Leidos has a consensus rating of “Buy” and a consensus target price of $74.60.

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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.

See Also: Ex-Dividend

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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