Zions Bancorporation N.A. purchased a new position in Leidos Holdings Inc (NYSE:LDOS) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 1,359 shares of the aerospace company’s stock, valued at approximately $87,000.

Several other institutional investors have also modified their holdings of LDOS. Somerset Trust Co grew its position in Leidos by 150.6% during the 1st quarter. Somerset Trust Co now owns 436 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 262 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Leidos during the 1st quarter valued at about $32,000. Legacy Advisors LLC purchased a new stake in Leidos during the 1st quarter valued at about $37,000. Icon Wealth Partners LLC purchased a new stake in Leidos during the 1st quarter valued at about $37,000. Finally, Bessemer Group Inc. grew its position in Leidos by 78.1% during the 4th quarter. Bessemer Group Inc. now owns 896 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 393 shares during the last quarter. Institutional investors own 74.62% of the company’s stock.

Shares of NYSE LDOS traded up $0.70 during trading on Monday, reaching $76.03. 28,207 shares of the company traded hands, compared to its average volume of 1,112,373. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.90. The company has a market cap of $10.86 billion, a PE ratio of 17.37, a PEG ratio of 2.19 and a beta of 1.60. Leidos Holdings Inc has a 52-week low of $50.33 and a 52-week high of $77.35.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.13. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.49 billion. Leidos had a net margin of 6.47% and a return on equity of 20.08%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 EPS. As a group, equities research analysts anticipate that Leidos Holdings Inc will post 4.58 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, June 13th. Leidos’s payout ratio is presently 29.22%.

Several brokerages recently commented on LDOS. Morgan Stanley began coverage on shares of Leidos in a research report on Monday. They set an “equal weight” rating and a $75.00 price objective on the stock. Argus increased their price objective on shares of Leidos to $82.00 and gave the company a “positive” rating in a research report on Thursday, May 16th. Wells Fargo & Co increased their price objective on shares of Leidos from $80.00 to $85.00 and gave the company a “positive” rating in a research report on Wednesday, May 15th. Zacks Investment Research raised shares of Leidos from a “sell” rating to a “hold” rating in a research report on Monday, February 11th. Finally, ValuEngine raised shares of Leidos from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.13.

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About Leidos

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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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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