Leidos Holdings Inc (NYSE:LDOS) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 5,803,800 shares, a growth of 51.6% from the July 31st total of 3,829,200 shares. Based on an average daily volume of 1,710,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 4.1% of the shares of the company are sold short.
A number of research analysts have recently issued reports on LDOS shares. Zacks Investment Research lowered Leidos from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a research report on Tuesday, July 2nd. Argus raised their price objective on Leidos to $82.00 and gave the company a “positive” rating in a report on Thursday, May 16th. Morgan Stanley raised their price objective on Leidos from $75.00 to $81.00 and gave the company an “equal weight” rating in a report on Wednesday, August 21st. Citigroup lowered Leidos from a “buy” rating to a “neutral” rating and raised their price objective for the company from $75.00 to $83.00 in a report on Tuesday, July 9th. Finally, ValuEngine lowered Leidos from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $82.60.
In other news, Director Gary Stephen May sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $84.57, for a total transaction of $42,285.00. Following the sale, the director now owns 9,166 shares of the company’s stock, valued at approximately $775,168.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.17% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Leidos by 2.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 26,901 shares of the aerospace company’s stock worth $2,148,000 after acquiring an additional 544 shares during the last quarter. Natixis increased its stake in shares of Leidos by 302.5% in the 2nd quarter. Natixis now owns 286,491 shares of the aerospace company’s stock worth $22,876,000 after acquiring an additional 215,305 shares during the last quarter. Cresset Asset Management LLC increased its stake in shares of Leidos by 24.6% in the 2nd quarter. Cresset Asset Management LLC now owns 183,346 shares of the aerospace company’s stock worth $14,640,000 after acquiring an additional 36,252 shares during the last quarter. One Wealth Advisors LLC acquired a new stake in shares of Leidos in the 2nd quarter worth $283,000. Finally, Royal Bank of Canada increased its stake in shares of Leidos by 2.0% in the 2nd quarter. Royal Bank of Canada now owns 278,368 shares of the aerospace company’s stock worth $22,229,000 after acquiring an additional 5,399 shares during the last quarter. 74.71% of the stock is owned by institutional investors and hedge funds.
LDOS stock traded down $0.53 during midday trading on Friday, reaching $85.82. The stock had a trading volume of 1,021,138 shares, compared to its average volume of 1,262,405. The company’s fifty day simple moving average is $84.16 and its 200 day simple moving average is $75.03. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.96. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 2.39 and a beta of 1.55. Leidos has a 52-week low of $50.33 and a 52-week high of $89.00.
Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.06. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. Leidos had a return on equity of 20.11% and a net margin of 6.27%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. Sell-side analysts predict that Leidos will post 4.69 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from Leidos’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.58%. Leidos’s dividend payout ratio (DPR) is 29.22%.
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.
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