Ritholtz Wealth Management Lowers Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Ritholtz Wealth Management reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 56.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,745 shares of the aerospace company’s stock after selling 3,545 shares during the quarter. Ritholtz Wealth Management’s holdings in Leidos were worth $245,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Swiss National Bank lifted its stake in Leidos by 1.7% in the 2nd quarter. Swiss National Bank now owns 530,901 shares of the aerospace company’s stock valued at $49,729,000 after buying an additional 9,000 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Leidos by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,312,100 shares of the aerospace company’s stock valued at $122,904,000 after buying an additional 10,137 shares in the last quarter. ProShare Advisors LLC lifted its stake in Leidos by 2.9% in the 2nd quarter. ProShare Advisors LLC now owns 25,421 shares of the aerospace company’s stock valued at $2,381,000 after buying an additional 716 shares in the last quarter. Renaissance Investment Group LLC purchased a new position in Leidos in the 2nd quarter valued at about $2,961,000. Finally, First Citizens Bank & Trust Co. lifted its stake in Leidos by 16.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 12,037 shares of the aerospace company’s stock valued at $1,128,000 after buying an additional 1,696 shares in the last quarter. 74.94% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on LDOS shares. Barclays raised shares of Leidos from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $109.00 to $110.00 in a research note on Wednesday, September 23rd. ValuEngine upgraded shares of Leidos from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Evercore ISI initiated coverage on shares of Leidos in a report on Friday, August 21st. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. upgraded shares of Leidos from a “neutral” rating to an “overweight” rating and set a $115.00 price target for the company in a report on Tuesday, September 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $116.46.

LDOS stock traded down $2.12 during midday trading on Monday, hitting $83.68. The company’s stock had a trading volume of 11,122 shares, compared to its average volume of 1,064,701. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.17. Leidos Holdings, Inc. has a 52-week low of $68.00 and a 52-week high of $125.84. The firm has a market capitalization of $12.20 billion, a P/E ratio of 20.28, a PEG ratio of 1.48 and a beta of 1.07. The firm has a 50-day simple moving average of $88.94 and a 200-day simple moving average of $93.97.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.48. Leidos had a net margin of 5.26% and a return on equity of 23.81%. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter last year, the company posted $1.16 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts expect that Leidos Holdings, Inc. will post 5.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.34 dividend. The ex-dividend date was Monday, September 14th. This represents a $1.36 dividend on an annualized basis and a yield of 1.63%. Leidos’s dividend payout ratio is presently 26.31%.

Leidos Profile

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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