Leidos Holdings, Inc. (LDOS) Hits New 1-Year High at $57.73

Leidos Holdings, Inc. (NYSE:LDOS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.73 and last traded at $57.67, with a volume of 814,508 shares. The stock had previously closed at $56.68.

LDOS has been the subject of several analyst reports. Zacks Investment Research raised shares of Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Thursday, May 18th. Cowen and Company increased their target price on shares of Leidos Holdings from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. BidaskClub lowered shares of Leidos Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) raised shares of Leidos Holdings from a “neutral” rating to a “buy” rating and increased their price objective for the company from $61.00 to $68.00 in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.50.

The stock’s 50 day moving average price is $53.75 and its 200 day moving average price is $53.05. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 25.67 and a beta of 1.73.

Leidos Holdings (NYSE:LDOS) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.27. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The business’s quarterly revenue was up 99.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 EPS. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post $3.55 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can increased its position in shares of Leidos Holdings by 23.8% in the first quarter. Bank of Montreal Can now owns 24,060 shares of the aerospace company’s stock valued at $1,230,000 after buying an additional 4,625 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Leidos Holdings by 15.6% in the first quarter. Capstone Asset Management Co. now owns 14,086 shares of the aerospace company’s stock valued at $720,000 after buying an additional 1,900 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Leidos Holdings by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 36,100 shares of the aerospace company’s stock valued at $1,846,000 after buying an additional 800 shares during the last quarter. Reilly Financial Advisors LLC increased its position in shares of Leidos Holdings by 11.5% in the first quarter. Reilly Financial Advisors LLC now owns 19,175 shares of the aerospace company’s stock valued at $981,000 after buying an additional 1,980 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Leidos Holdings by 12.1% in the first quarter. Nisa Investment Advisors LLC now owns 10,640 shares of the aerospace company’s stock valued at $544,000 after buying an additional 1,145 shares during the last quarter. 74.29% of the stock is owned by institutional investors and hedge funds.

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About Leidos Holdings

Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.

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