Ruggie Capital Group Holds Stake in Leidos Holdings, Inc. (NYSE:LDOS)
Ruggie Capital Group continued to hold its position in Leidos Holdings, Inc. (NYSE:LDOS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,439 shares of the aerospace company’s stock at the end of the second quarter. Ruggie Capital Group’s holdings in Leidos Holdings were worth $385,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised 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 valued at $110,000 after buying an additional 100 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Leidos Holdings during the first quarter valued at about $189,000. Daiwa Securities Group Inc. purchased a new position in Leidos Holdings during the second quarter valued at about $215,000. Timber Hill LLC purchased a new position in Leidos Holdings during the first quarter valued at about $242,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Leidos Holdings during the first quarter valued at about $247,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.
Shares of Leidos Holdings, Inc. (LDOS) opened at 56.18 on Thursday. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 26.44 and a beta of 1.73. The stock has a 50 day moving average of $53.37 and a 200 day moving average of $52.81. Leidos Holdings, Inc. has a 1-year low of $37.79 and a 1-year high of $57.72.
Leidos Holdings (NYSE:LDOS) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.27. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The firm’s revenue for the quarter was up 99.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. Analysts predict that Leidos Holdings, Inc. will post $3.49 EPS for the current year.
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Several research analysts have issued reports on the stock. Goldman Sachs Group, Inc. (The) upgraded shares of Leidos Holdings from a “neutral” rating to a “buy” rating in a report on Thursday. Cowen and Company restated an “outperform” rating and set a $66.00 price target (up previously from $62.00) on shares of Leidos Holdings in a report on Wednesday. Zacks Investment Research upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Saturday, August 5th. Finally, BidaskClub lowered shares of Leidos Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. Leidos Holdings has an average rating of “Buy” and a consensus target price of $57.20.
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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