Man Group plc boosted its stake in shares of Leidos Holdings Inc (NYSE:LDOS) by 14.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 283,062 shares of the aerospace company’s stock after acquiring an additional 35,524 shares during the period. Man Group plc’s holdings in Leidos were worth $19,576,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of LDOS. Braun Bostich & Associates Inc. bought a new position in Leidos during the 2nd quarter worth $112,000. Fort L.P. bought a new position in Leidos during the 2nd quarter worth $119,000. Zions Bancorporation bought a new position in Leidos during the 3rd quarter worth $137,000. Welch & Forbes LLC bought a new position in Leidos during the 3rd quarter worth $207,000. Finally, MAI Capital Management bought a new position in Leidos during the 2nd quarter worth $226,000. Hedge funds and other institutional investors own 72.38% of the company’s stock.
A number of equities analysts have commented on LDOS shares. Zacks Investment Research upgraded Leidos from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Tuesday, September 25th. ValuEngine lowered Leidos from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Argus lowered their price objective on Leidos from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Finally, Cowen restated a “buy” rating and set a $77.00 price objective on shares of Leidos in a research note on Wednesday, October 17th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $77.29.
Leidos (NYSE:LDOS) last issued its earnings results on Thursday, October 25th. The aerospace company reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.04. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.64 billion. Leidos had a return on equity of 18.67% and a net margin of 5.04%. Equities research analysts expect that Leidos Holdings Inc will post 4.36 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 17th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, December 14th. Leidos’s dividend payout ratio is presently 34.41%.
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Leidos Company Profile
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company 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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