PointState Capital LP Invests $8.53 Million in Leidos Holdings, Inc. (LDOS) Stock
PointState Capital LP acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 165,100 shares of the aerospace company’s stock, valued at approximately $8,534,000. PointState Capital LP owned about 0.11% of Leidos Holdings at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Leidos Holdings by 11.3% in the 2nd quarter. BlackRock Inc. now owns 12,650,322 shares of the aerospace company’s stock valued at $653,894,000 after acquiring an additional 1,280,482 shares during the last quarter. Vanguard Group Inc. raised its holdings in Leidos Holdings by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 12,638,104 shares of the aerospace company’s stock valued at $653,263,000 after acquiring an additional 250,211 shares during the last quarter. FMR LLC raised its holdings in Leidos Holdings by 58.4% in the 2nd quarter. FMR LLC now owns 7,484,518 shares of the aerospace company’s stock valued at $386,874,000 after acquiring an additional 2,758,658 shares during the last quarter. State Street Corp raised its holdings in Leidos Holdings by 20.5% in the 2nd quarter. State Street Corp now owns 4,560,128 shares of the aerospace company’s stock valued at $235,717,000 after acquiring an additional 776,462 shares during the last quarter. Finally, FIL Ltd raised its holdings in Leidos Holdings by 2.0% in the 2nd quarter. FIL Ltd now owns 4,169,918 shares of the aerospace company’s stock valued at $215,543,000 after acquiring an additional 83,105 shares during the last quarter. Institutional investors own 74.54% of the company’s stock.
Leidos Holdings, Inc. (LDOS) traded up 0.36% during mid-day trading on Friday, hitting $61.75. 499,729 shares of the stock traded hands. The firm’s 50-day moving average is $57.89 and its 200-day moving average is $54.55. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 27.67 and a beta of 1.72. Leidos Holdings, Inc. has a 12-month low of $40.96 and a 12-month high of $61.95.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.27. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The company’s revenue was up 99.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. Equities research analysts expect that Leidos Holdings, Inc. will post $3.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, September 15th. Leidos Holdings’s dividend payout ratio is presently 55.65%.
In other news, Director Gary Stephen May sold 800 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the transaction, the director now owns 6,680 shares of the company’s stock, valued at $372,410. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jerald S. Howe, Jr. acquired 2,000 shares of the business’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 of the company’s stock, valued at $110,640. The disclosure for this purchase can be found here. Insiders own 1.70% of the company’s stock.
A number of analysts have commented on the stock. Cowen and Company reiterated an “outperform” rating and issued a $66.00 price objective (up previously from $62.00) on shares of Leidos Holdings in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) upgraded shares of Leidos Holdings from a “neutral” rating to a “buy” rating and increased their price objective for the company from $61.00 to $68.00 in a report on Thursday, August 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $75.00 price objective on shares of Leidos Holdings in a report on Thursday. ValuEngine upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, TheStreet upgraded shares of Leidos Holdings from a “c+” rating to a “b+” rating in a report on Monday, October 2nd. Ten analysts have rated the stock with a buy rating, Leidos Holdings presently has a consensus rating of “Buy” and a consensus target price of $64.33.
Leidos Holdings 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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