Capital Asset Advisory Services LLC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,253 shares of the aerospace company’s stock, valued at approximately $132,000.
Other hedge funds have also recently modified their holdings of the company. Vectors Research Management LLC bought a new stake in Leidos during the 4th quarter worth $26,000. Fieldpoint Private Securities LLC bought a new stake in shares of Leidos in the 4th quarter valued at about $27,000. Cowa LLC bought a new stake in shares of Leidos in the 4th quarter valued at about $39,000. Vantage Consulting Group Inc bought a new stake in shares of Leidos in the 4th quarter valued at about $53,000. Finally, Hoover Financial Advisors Inc. bought a new stake in shares of Leidos in the 4th quarter valued at about $60,000. Institutional investors and hedge funds own 74.18% of the company’s stock.
A number of equities research analysts have commented on LDOS shares. Credit Suisse Group reduced their price target on Leidos from $137.00 to $118.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 2nd. Bank of America upped their price target on Leidos from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, March 9th. Morgan Stanley reduced their price target on Leidos from $113.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 16th. The Goldman Sachs Group upgraded Leidos from a “neutral” rating to a “buy” rating and upped their target price for the company from $111.00 to $116.00 in a research report on Monday. Finally, Argus cut their target price on Leidos from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, March 8th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $115.08.
Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, February 23rd. The aerospace company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.39 billion. Leidos had a return on equity of 23.45% and a net margin of 5.10%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.51 earnings per share. Equities analysts predict that Leidos Holdings, Inc. will post 5.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, March 12th. Leidos’s dividend payout ratio is presently 26.31%.
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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