Surya N. Mohapatra Acquires 3,575 Shares of Leidos Holdings Inc. (LDOS) Stock
Leidos Holdings Inc. (NYSE:LDOS) Director Surya N. Mohapatra acquired 3,575 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The stock was purchased at an average cost of $41.48 per share, with a total value of $148,291.00. Following the completion of the purchase, the director now directly owns 6,143 shares in the company, valued at $254,811.64. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Leidos Holdings Inc. (NYSE:LDOS) opened at 41.53 on Monday. Leidos Holdings Inc. has a one year low of $37.79 and a one year high of $59.52. The firm has a market cap of $3.02 billion, a PE ratio of 10.91 and a beta of 1.53. The company has a 50-day moving average price of $44.62 and a 200-day moving average price of $47.88.
Leidos Holdings (NYSE:LDOS) last released its earnings results on Thursday, July 28th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by $0.05. The firm earned $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Leidos Holdings had a return on equity of 20.06% and a net margin of 5.13%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts predict that Leidos Holdings Inc. will post $3.15 earnings per share for the current fiscal year.
The company 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 $0.32 dividend. The ex-dividend date of this dividend is Friday, September 16th. This represents a $1.28 dividend on an annualized basis and a yield of 3.08%. Leidos Holdings’s dividend payout ratio (DPR) is 35.56%.
LDOS has been the subject of several recent research reports. Zacks Investment Research raised Leidos Holdings from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Tuesday, August 23rd. Argus initiated coverage on Leidos Holdings in a research report on Wednesday, September 7th. They set a “buy” rating and a $54.00 price target for the company. Citigroup Inc. initiated coverage on Leidos Holdings in a research report on Tuesday, September 6th. They set a “buy” rating and a $47.00 price target for the company. Jefferies Group reissued a “hold” rating on shares of Leidos Holdings in a research report on Monday, August 1st. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Leidos Holdings in a research report on Monday, July 11th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $50.71.
A number of large investors have recently added to or reduced their stakes in LDOS. BlackRock Group LTD increased its stake in Leidos Holdings by 20.2% in the first quarter. BlackRock Group LTD now owns 63,349 shares of the company’s stock worth $3,188,000 after buying an additional 10,646 shares during the period. BlackRock Inc. boosted its position in Leidos Holdings by 56.8% in the first quarter. BlackRock Inc. now owns 38,978 shares of the company’s stock valued at $1,962,000 after buying an additional 14,112 shares in the last quarter. Eos Focused Equity Management L.P. bought a new position in Leidos Holdings during the first quarter valued at about $1,545,000. Prudential Financial Inc. boosted its position in Leidos Holdings by 160.0% in the first quarter. Prudential Financial Inc. now owns 546,899 shares of the company’s stock valued at $27,520,000 after buying an additional 336,526 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in Leidos Holdings by 11.5% in the first quarter. TIAA CREF Investment Management LLC now owns 378,783 shares of the company’s stock valued at $19,060,000 after buying an additional 39,167 shares in the last quarter. Hedge funds and other institutional investors own 61.14% 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.
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