Mason Street Advisors LLC Buys Shares of 29,495 Leidos Holdings Inc. (LDOS)
Mason Street Advisors LLC bought a new stake in Leidos Holdings Inc. (NYSE:LDOS) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 29,495 shares of the company’s stock, valued at approximately $1,412,000.
Other hedge funds also recently bought and sold shares of the company. PineBridge Investments L.P. acquired a new position in shares of Leidos Holdings during the second quarter worth about $105,000. Advisor Group Inc. acquired a new position in shares of Leidos Holdings during the second quarter worth about $125,000. Catalyst Capital Advisors LLC acquired a new position in shares of Leidos Holdings during the second quarter worth about $134,000. Fuller & Thaler Asset Management Inc. increased its position in shares of Leidos Holdings by 54.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,125 shares of the company’s stock worth $150,000 after buying an additional 1,100 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in Leidos Holdings by 71.4% in the second quarter. LS Investment Advisors LLC now owns 3,899 shares of the company’s stock valued at $187,000 after buying an additional 1,624 shares during the period. 61.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Leidos Holdings Inc. (NYSE:LDOS) opened at 42.14 on Tuesday. The firm has a market cap of $3.07 billion, a PE ratio of 11.07 and a beta of 1.53. The firm’s 50-day moving average price is $43.54 and its 200 day moving average price is $47.80. Leidos Holdings Inc. has a 1-year low of $37.79 and a 1-year high of $59.52.
Leidos Holdings (NYSE:LDOS) last released its earnings results on Thursday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Leidos Holdings had a return on equity of 20.06% and a net margin of 5.13%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts forecast that Leidos Holdings Inc. will post $3.15 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Tuesday, September 20th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Friday, September 16th. Leidos Holdings’s payout ratio is 35.56%.
Several research firms have recently weighed in on LDOS. Argus began coverage on Leidos Holdings in a research report on Wednesday, September 7th. They issued a “buy” rating and a $54.00 target price on the stock. Citigroup Inc. began coverage on Leidos Holdings in a research report on Tuesday, September 6th. They issued a “buy” rating and a $47.00 target price on the stock. Zacks Investment Research downgraded Leidos Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Jefferies Group restated a “hold” rating on shares of Leidos Holdings in a research report on Monday, August 1st. Finally, Credit Suisse Group AG raised their target price on Leidos Holdings from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $50.71.
In other Leidos Holdings news, Director Surya N. Mohapatra bought 3,575 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were bought at an average price of $41.48 per share, for a total transaction of $148,291.00. Following the transaction, the director now owns 6,143 shares of the company’s stock, valued at approximately $254,811.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.
About Leidos Holdings
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
Want to see what other hedge funds are holding LDOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leidos Holdings Inc. (NYSE:LDOS).
Receive News & Ratings for Leidos Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.