Leidos Holdings, Inc. (LDOS) Shares Bought by Principal Financial Group Inc.
Principal Financial Group Inc. raised its position in Leidos Holdings, Inc. (NYSE:LDOS) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,817,056 shares of the aerospace company’s stock after buying an additional 175,863 shares during the period. Principal Financial Group Inc. owned approximately 1.86% of Leidos Holdings worth $145,614,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its position in Leidos Holdings by 4.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,147 shares of the aerospace company’s stock worth $110,000 after buying an additional 100 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Leidos Holdings during the first quarter worth approximately $189,000. Daiwa Securities Group Inc. purchased a new position in shares of Leidos Holdings during the second quarter worth approximately $215,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Leidos Holdings during the second quarter worth approximately $227,000. Finally, Timber Hill LLC purchased a new position in shares of Leidos Holdings during the first quarter worth approximately $242,000. Institutional investors and hedge funds own 75.15% of the company’s stock.
Leidos Holdings, Inc. (NYSE:LDOS) opened at 58.32 on Friday. Leidos Holdings, Inc. has a one year low of $40.42 and a one year high of $58.52. The company’s 50-day moving average price is $55.11 and its 200-day moving average price is $53.58. The stock has a market capitalization of $8.82 billion, a PE ratio of 26.13 and a beta of 1.73.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The firm’s quarterly revenue was up 99.6% compared to the same quarter last year. Equities research analysts predict that Leidos Holdings, Inc. will post $3.55 EPS for the current year.
A number of equities analysts recently commented on LDOS shares. Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Thursday, May 18th. Cowen and Company raised their target price on Leidos Holdings from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, May 5th. BidaskClub cut Leidos Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. ValuEngine upgraded Leidos Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Goldman Sachs Group, Inc. (The) upgraded Leidos Holdings from a “neutral” rating to a “buy” rating and raised their target price for the company from $61.00 to $68.00 in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $60.30.
In other news, Director Gary Stephen May sold 800 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the sale, the director now owns 6,680 shares of the company’s stock, valued at $372,410. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Jerald S. Howe, Jr. bought 2,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $55.32 per share, with a total value of $110,640.00. Following the transaction, the vice president now directly owns 2,000 shares of the company’s stock, valued at $110,640. The disclosure for this purchase can be found here. 1.70% of the stock is owned by corporate insiders.
Leidos Holdings Company Profile
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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