Thomas Story & Son LLC Purchases New Position in Leidos Holdings, Inc. (NYSE:LDOS)

Thomas Story & Son LLC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOSFree Report) during the 1st quarter, Holdings Channel reports. The fund acquired 49,139 shares of the aerospace company’s stock, valued at approximately $6,631,000. Leidos comprises about 2.6% of Thomas Story & Son LLC’s investment portfolio, making the stock its 17th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. boosted its holdings in shares of Leidos by 1.9% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 39,300 shares of the aerospace company’s stock worth $5,298,000 after purchasing an additional 717 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. lifted its position in Leidos by 252.6% in the first quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 5,500 shares of the aerospace company’s stock worth $742,000 after buying an additional 3,940 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Leidos by 5.4% during the first quarter. Public Sector Pension Investment Board now owns 18,427 shares of the aerospace company’s stock worth $2,487,000 after buying an additional 947 shares during the period. SouthState Corp bought a new position in Leidos during the first quarter valued at $96,000. Finally, Nuveen LLC purchased a new stake in shares of Leidos in the first quarter valued at $45,665,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Stock Up 0.4%

Shares of NYSE LDOS opened at $177.23 on Tuesday. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90. The stock’s fifty day simple moving average is $158.33 and its two-hundred day simple moving average is $147.21. The stock has a market capitalization of $22.74 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 2.01 and a beta of 0.65. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06.

Leidos (NYSE:LDOSGet Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.58. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.24 billion. Leidos had a return on equity of 33.57% and a net margin of 8.22%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.63 earnings per share. As a group, analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, September 15th. Leidos’s payout ratio is 15.12%.

Analyst Ratings Changes

A number of research firms recently commented on LDOS. Robert W. Baird cut shares of Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 price target for the company. in a research note on Tuesday, May 27th. Jefferies Financial Group raised shares of Leidos from a “hold” rating to a “buy” rating and raised their price objective for the stock from $185.00 to $205.00 in a research note on Wednesday, August 6th. Royal Bank Of Canada upped their target price on Leidos from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 7th. Wells Fargo & Company increased their price target on Leidos from $173.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, Wall Street Zen lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.46.

Read Our Latest Research Report on Leidos

Leidos Profile

(Free Report)

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

See Also

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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