Municipal Employees Retirement System of MI now owns 29,040 shares of the aerospace company's stock worth $1,257,000 after buying an additional 420 shares during the last quarter. Schroder Investment Management Group owned about 1.18% of Leidos Holdings worth $91,989,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of LDOS.
BlackRock Inc. increased its holdings in Leidos Holdings, Inc. The firm owned 62,652 shares of the aerospace company's stock after selling 4,017 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Leidos Holdings by 2.0% during the second quarter. Can now owns 83,436 shares of the aerospace company's stock valued at $4,264,000 after buying an additional 3,538 shares in the last quarter. Edge Asset Management, Inc now controls 886,751 shares worth $45,349,000. BlackRock Inc. now owns 11,369,840 shares of the aerospace company's stock worth $581,454,000 after buying an additional 11,280,562 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Leidos Holdings during the first quarter valued at about $189,000.
In the latest week Leidos Holdings, Inc. Analysts' recommendations or reports can influence the price of a company's stock-especially when the recommendations are widely disseminated through television appearances or through other electronic and print media.
LDOS has been the topic of a number of recent analyst reports. Jefferies Group LLC reiterated a "hold" rating and set a $52.00 price objective on shares of Leidos Holdings in a report on Friday, August 18th. Finally, ValuEngine raised shares of Leidos Holdings from a "hold" rating to a "buy" rating in a research report on Thursday, August 17th. Goldman Sachs Group, Inc. Cowen and Company reissued an "outperform" recommendation and given a $66.00 target price (up from $62.00) on stocks of Leidos Holdings in a study note published on Wed, Aug 9th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Leidos Holdings presently has an average rating of "Buy" and an average price target of $61.78. Leidos Holdings, Inc. has a 12 month low of $37.79 and a 12 month high of $54.97. (NYSE LDOS) opened at 58.27 on Friday. The company's 50-day moving average is $56.59 and its 200 day moving average is $53.99. The stock is above its 52-week low with 42.02% and is in the wake of its 52-week high with -1.31%.
Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.27. The dividend will be $0.320 per share for the quarter or $1.28 on an annualized basis. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. During the same period past year, the business earned $0.68 EPS. The business's revenue for the quarter was up 99.6% compared to the same quarter previous year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be given a $0.32 dividend. The ex-dividend date is Friday, September 15th. This dividend amount will represent a yield of $2.27. Leidos Holdings's dividend payout ratio is 55.65%.
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In other Leidos Holdings news, VP Jerald S. Howe, Jr. purchased 2,000 shares of the firm's stock in a transaction on Monday, August 21st. The stock was sold at an average price of $55.75, for a total transaction of $44,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
In associated news, Director Gary Stephen May unloaded 800 stocks of the firm's shares in a trade dated Mon, Aug 28th. The stock was bought at an average price of $55.32 per share, with a total value of $110,640.00. Following the completion of the transaction, the director now directly owns 6,680 shares in the company, valued at approximately $372,410. The disclosure for this sale can be found here. The Company provides technology and engineering services and solutions in the defense, intelligence, civil and health markets. The NSS segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S. intelligence community, the U.S. Department of Defense (DoD), military services, the U.S. Department of Homeland Security, and government agencies of U.S. allies overseas, as well as other federal, civilian, and commercial customers in the national security industry.