BlackRock Inc. Has $1.25 Billion Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

BlackRock Inc. raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 18.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,042,188 shares of the aerospace company’s stock after acquiring an additional 2,054,977 shares during the period. BlackRock Inc. owned about 9.29% of Leidos worth $1,253,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of LDOS. Victory Capital Management Inc. grew its stake in Leidos by 20.8% in the third quarter. Victory Capital Management Inc. now owns 3,433,988 shares of the aerospace company’s stock valued at $330,109,000 after acquiring an additional 591,900 shares during the period. Amundi acquired a new position in Leidos in the second quarter valued at about $44,898,000. Balyasny Asset Management LLC grew its stake in Leidos by 691.2% in the second quarter. Balyasny Asset Management LLC now owns 366,761 shares of the aerospace company’s stock valued at $37,080,000 after acquiring an additional 320,408 shares during the period. Morgan Stanley grew its stake in Leidos by 55.1% in the second quarter. Morgan Stanley now owns 654,754 shares of the aerospace company’s stock valued at $66,195,000 after acquiring an additional 232,498 shares during the period. Finally, Cooke & Bieler LP grew its stake in Leidos by 9.1% in the second quarter. Cooke & Bieler LP now owns 2,452,659 shares of the aerospace company’s stock valued at $247,964,000 after acquiring an additional 204,208 shares during the period. 78.16% of the stock is owned by hedge funds and other institutional investors.

LDOS opened at $94.07 on Friday. Leidos Holdings, Inc. has a 52-week low of $82.75 and a 52-week high of $113.75. The firm has a market capitalization of $13.20 billion, a PE ratio of 17.42, a PEG ratio of 1.48 and a beta of 0.84. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.99 and a current ratio of 1.07. The business’s 50-day simple moving average is $90.40 and its 200 day simple moving average is $96.13.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, November 2nd. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.20. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.58 billion. Leidos had a return on equity of 23.71% and a net margin of 5.75%. During the same quarter in the prior year, the company earned $1.47 earnings per share. On average, research analysts forecast that Leidos Holdings, Inc. will post 6.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 30th. Stockholders of record on Wednesday, December 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Tuesday, December 14th. Leidos’s payout ratio is 26.67%.

A number of research firms have issued reports on LDOS. Wells Fargo & Company decreased their target price on Leidos from $116.00 to $113.00 and set an “overweight” rating for the company in a research note on Wednesday, November 3rd. Cowen restated a “buy” rating and issued a $119.00 price target on shares of Leidos in a report on Friday, October 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $114.67.

Leidos Profile

Leidos Holdings, Inc is a holding company, which engages in the provision of scientific, engineering and information technology services and solutions in the areas of defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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