Victory Capital Management Inc. raised its stake in shares of Leidos Holdings Inc (NYSE:LDOS) by 13.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,196 shares of the aerospace company’s stock after purchasing an additional 6,016 shares during the quarter. Victory Capital Management Inc.’s holdings in Leidos were worth $3,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Altfest L J & Co. Inc. boosted its holdings in Leidos by 6.6% during the first quarter. Altfest L J & Co. Inc. now owns 15,923 shares of the aerospace company’s stock valued at $1,041,000 after purchasing an additional 980 shares in the last quarter. Suntrust Banks Inc. raised its stake in shares of Leidos by 2.6% in the first quarter. Suntrust Banks Inc. now owns 43,167 shares of the aerospace company’s stock valued at $2,821,000 after acquiring an additional 1,079 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Leidos by 2.9% in the second quarter. Louisiana State Employees Retirement System now owns 38,500 shares of the aerospace company’s stock valued at $2,272,000 after acquiring an additional 1,100 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Leidos by 2.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 44,240 shares of the aerospace company’s stock valued at $2,893,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Leidos by 7.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 20,290 shares of the aerospace company’s stock valued at $1,327,000 after acquiring an additional 1,320 shares during the last quarter. 75.63% of the stock is currently owned by institutional investors.

LDOS stock opened at $70.20 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 1.08. Leidos Holdings Inc has a fifty-two week low of $55.58 and a fifty-two week high of $72.30. The company has a market capitalization of $10.74 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.71 and a beta of 1.65.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Thursday, July 26th. The aerospace company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.07. Leidos had a net margin of 4.42% and a return on equity of 18.05%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the company posted $1.04 EPS. Leidos’s revenue was down 1.6% on a year-over-year basis. 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. Investors of record on Monday, September 17th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, September 14th. Leidos’s dividend payout ratio (DPR) is presently 34.41%.

A number of research analysts have recently issued reports on LDOS shares. ValuEngine cut shares of Leidos from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Zacks Investment Research upgraded shares of Leidos from a “sell” rating to a “hold” rating in a research note on Friday, July 27th. Finally, Goldman Sachs Group cut shares of Leidos from a “buy” rating to a “neutral” rating in a research note on Monday, June 18th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Leidos currently has an average rating of “Buy” and an average price target of $73.89.

Leidos Company Profile

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.

Recommended Story: Fundamental Analysis

Want to see what other hedge funds are holding LDOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leidos Holdings Inc (NYSE:LDOS).

Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

Receive News & Ratings for Leidos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos and related companies with MarketBeat.com's FREE daily email newsletter.