Leidos Holdings Inc (NYSE:LDOS) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 3,829,200 shares, an increase of 13.5% from the June 30th total of 3,372,700 shares. Currently, 2.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,650,000 shares, the days-to-cover ratio is currently 2.3 days.
LDOS has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on shares of Leidos in a research report on Monday, June 3rd. They set an “equal weight” rating and a $75.00 price objective for the company. Citigroup cut shares of Leidos from a “buy” rating to a “neutral” rating and upped their price target for the stock from $75.00 to $83.00 in a research note on Tuesday, July 9th. Zacks Investment Research cut shares of Leidos from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a research note on Tuesday, July 2nd. Credit Suisse Group upped their price target on shares of Leidos from $82.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. Finally, ValuEngine cut shares of Leidos from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $82.00.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Anchor Capital Advisors LLC grew its stake in Leidos by 0.4% in the 2nd quarter. Anchor Capital Advisors LLC now owns 30,229 shares of the aerospace company’s stock valued at $2,414,000 after acquiring an additional 121 shares during the last quarter. CWM LLC grew its stake in Leidos by 66.0% in the 2nd quarter. CWM LLC now owns 332 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 132 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in Leidos by 0.8% in the 1st quarter. Cetera Advisor Networks LLC now owns 18,216 shares of the aerospace company’s stock valued at $1,169,000 after acquiring an additional 151 shares during the last quarter. Trust Co. of Vermont grew its stake in Leidos by 6.1% in the 2nd quarter. Trust Co. of Vermont now owns 2,794 shares of the aerospace company’s stock valued at $223,000 after acquiring an additional 160 shares during the last quarter. Finally, Proffitt & Goodson Inc. boosted its stake in shares of Leidos by 0.7% during the 1st quarter. Proffitt & Goodson Inc. now owns 26,428 shares of the aerospace company’s stock worth $1,694,000 after purchasing an additional 177 shares during the last quarter. 74.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:LDOS traded up $1.22 on Tuesday, reaching $84.27. 1,496,806 shares of the company were exchanged, compared to its average volume of 1,257,574. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.96. Leidos has a 1-year low of $50.33 and a 1-year high of $85.47. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.37 and a beta of 1.56. The stock’s 50-day simple moving average is $81.44.
Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.06. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Leidos had a net margin of 6.27% and a return on equity of 20.11%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 EPS. As a group, analysts expect that Leidos will post 4.68 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.61%. This is a boost from Leidos’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, September 13th. Leidos’s dividend payout ratio is presently 29.22%.
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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