ETF Managers Group LLC Invests $16.10 Million in Leidos Holdings, Inc. (LDOS) Stock
ETF Managers Group LLC bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 311,441 shares of the aerospace company’s stock, valued at approximately $16,098,000. ETF Managers Group LLC owned 0.21% of Leidos Holdings as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Leidos Holdings by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock valued at $102,000 after buying an additional 18 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in Leidos Holdings by 2.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock valued at $113,000 after buying an additional 44 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Leidos Holdings by 263.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after buying an additional 2,254 shares during the period. Hanseatic Management Services Inc. acquired a new position in Leidos Holdings in the second quarter valued at $174,000. Finally, Meeder Asset Management Inc. acquired a new position in Leidos Holdings in the first quarter valued at $189,000. Institutional investors and hedge funds own 74.54% of the company’s stock.
Leidos Holdings, Inc. (NYSE LDOS) traded up 2.71% during midday trading on Thursday, reaching $61.88. 360,962 shares of the company’s stock traded hands. Leidos Holdings, Inc. has a 52-week low of $40.96 and a 52-week high of $61.95. The stock has a market cap of $9.36 billion, a P/E ratio of 27.72 and a beta of 1.72. The company’s 50-day moving average price is $57.60 and its 200-day moving average price is $54.44.
Leidos Holdings (NYSE:LDOS) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.27. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the company posted $0.68 EPS. The company’s quarterly revenue was up 99.6% compared to the same quarter last year. On average, equities analysts predict that Leidos Holdings, Inc. will post $3.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.12%. Leidos Holdings’s dividend payout ratio is 55.65%.
Several research firms recently issued reports on LDOS. Cowen and Company restated a “buy” rating and issued a $66.00 target price on shares of Leidos Holdings in a report on Tuesday, September 19th. Goldman Sachs Group, Inc. (The) upgraded shares of Leidos Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the company from $61.00 to $68.00 in a report on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and issued a $52.00 target price on shares of Leidos Holdings in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Saturday, August 5th. Finally, ValuEngine upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Ten analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of $64.33.
In related news, VP Jerald S. Howe, Jr. bought 2,000 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was purchased at an average cost of $55.32 per share, with a total value of $110,640.00. Following the transaction, the vice president now owns 2,000 shares in the company, valued at approximately $110,640. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 800 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $55.75, for a total transaction of $44,600.00. Following the completion of the sale, the director now directly owns 6,680 shares of the company’s stock, valued at $372,410. The disclosure for this sale can be found here. 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.
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