Putnam Investments LLC Takes $4.75 Million Position in Leidos Holdings Inc (LDOS)
Putnam Investments LLC acquired a new stake in Leidos Holdings Inc (NYSE:LDOS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 80,551 shares of the aerospace company’s stock, valued at approximately $4,753,000. Putnam Investments LLC owned approximately 0.05% of Leidos as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LDOS. First Command Bank bought a new position in Leidos during the 2nd quarter worth about $106,000. First Command Financial Services Inc. bought a new position in Leidos during the 2nd quarter worth about $106,000. Gables Capital Management Inc. bought a new position in Leidos during the 1st quarter worth about $120,000. Braun Bostich & Associates Inc. bought a new position in Leidos during the 2nd quarter worth about $112,000. Finally, Fort L.P. bought a new position in Leidos during the 2nd quarter worth about $119,000. Institutional investors and hedge funds own 72.75% of the company’s stock.
A number of equities analysts have issued reports on the company. ValuEngine cut Leidos from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Zacks Investment Research upgraded Leidos from a “sell” rating to a “hold” rating in a report on Friday, July 27th. Finally, Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating in a report on Monday, June 18th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $75.13.
Leidos (NYSE:LDOS) last announced its quarterly earnings data on Thursday, July 26th. The aerospace company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.07. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Leidos had a return on equity of 18.05% and a net margin of 4.42%. Leidos’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS. sell-side analysts forecast that Leidos Holdings Inc will post 4.4 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Monday, September 17th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, September 14th. Leidos’s payout ratio is 34.41%.
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company 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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