Leidos Holdings, Inc. (NYSE:LDOS) Brief Interest Update

0

Leidos Holdings, Inc. (NYSE: LDOS) saw a surge in short-term interest in December. As of December 31, there was short interest totaling 1,620,000 shares, an increase of 33.9% from the total of 1,210,000 shares as of December 15. Based on an average daily volume of 704,600 shares, the short interest ratio is currently 2.3 days. Currently, 1.2% of the company’s shares are sold short.

Several hedge funds have recently changed their holdings in the company. Vanguard Group Inc. increased its stake in Leidos shares by 0.9% in Q2. Vanguard Group Inc. now owns 14,594,070 shares of the aerospace company valued at $1,475,461,000 after purchasing an additional 131,162 shares during the period. BlackRock Inc. increased its stake in Leidos by 18.7% during the third quarter. BlackRock Inc. now owns 13,042,188 shares of the aerospace company valued at $1,253,745,000 after buying 2,054,977 additional shares in the last quarter. State Street Corp increased its stake in Leidos by 1.3% in the second quarter. State Street Corp now owns 5,443,992 shares of the aerospace company valued at $550,388,000 after buying an additional 72,115 shares in the last quarter. Victory Capital Management Inc. increased its stake in Leidos by 20.8% during the third quarter. Victory Capital Management Inc. now owns 3,433,988 shares of the aerospace company valued at $330,109,000 after purchasing an additional 591,900 shares in the last quarter. Finally, Boston Partners increased its stake in Leidos by 3.0% during the third quarter. Boston Partners now owns 2,604,500 shares of the aerospace company valued at $250,381,000 after buying an additional 76,686 shares in the last quarter. Hedge funds and other institutional investors own 78.16% of the company’s shares.

A number of analysts have weighed in on the stock recently. Cowen reiterated a “buy” rating and posted a $119.00 price target on Leidos shares in a research report on Friday, October 8. Wells Fargo & Company cut its price target on Leidos shares from $116.00 to $113.00 and set an “overweight” rating on the stock in a Wednesday, Nov. 3 research report. One research analyst rated the stock with a sell rating, two assigned a hold rating, six issued a buy rating and one assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $114.67.

(A d)

Did you know helium is one of the most valuable resources on the planet? That’s because almost every major tech company depends on it. And the global supply of helium is dangerously low. This is bad news for big tech, but great news for helium investors.

LDOS traded down $1.23 during Tuesday’s trading, hitting $92.84. 19,972 shares of the company were traded, against an average volume of 810,810. The company’s 50-day moving average is $90.36 and its two-hundred-day moving average is $95.94. The company has a market capitalization of $13.03 billion, a price/earnings ratio of 17.13, a P/E/G ratio of 1.50 and a beta of 0.84. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt ratio of 1.11. Leidos has a 12-month low of $82.75 and a 12-month high of $113.75.

Leidos Inc (NYSE:LDOS) last released its quarterly results on Tuesday, November 2. The aerospace company reported earnings per share of $1.80 for the quarter, beating the consensus estimate of $1.60 by $0.20. The company posted revenue of $3.48 billion for the quarter, versus $3.58 billion expected by analysts. Leidos had a return on equity of 23.71% and a net margin of 5.75%. In the same quarter last year, the company posted EPS of $1.47. Stock analysts expect Leidos to post earnings per share of 6.63 for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 30. Investors of record on Wednesday, December 15 received a dividend of $0.36 per share. The ex-dividend date was Tuesday, December 14. This represents an annualized dividend of $1.44 and a yield of 1.55%. Leidos’ payout ratio is 26.67%.

About Leidos

Leidos Holdings, Inc is a holding company that provides scientific, engineering and information technology services and solutions in the fields of defense, intelligence, civilian markets and healthcare. It operates through the following three segments: Defense Solutions, Civil and Healthcare.

Read more: Cost of equity for a company, investors

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Leidos right now?

Before you consider Leidos, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Leidos wasn’t on the list.

While Leidos currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

About Author

Comments are closed.