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


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.

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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

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