Tower Bridge Advisors Lowers Position in Leidos Holdings, Inc. (NYSE:LDOS)

Tower Bridge Advisors reduced its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 1.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 215,326 shares of the aerospace company’s stock after selling 2,123 shares during the quarter. Leidos accounts for approximately 1.6% of Tower Bridge Advisors’ portfolio, making the stock its 14th biggest position. Tower Bridge Advisors’ holdings in Leidos were worth $20,732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LDOS. Vectors Research Management LLC purchased a new stake in shares of Leidos during the 4th quarter valued at $26,000. Meeder Asset Management Inc. increased its position in shares of Leidos by 118.4% during the 1st quarter. Meeder Asset Management Inc. now owns 308 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 167 shares during the last quarter. NuWave Investment Management LLC purchased a new stake in shares of Leidos during the 1st quarter valued at $33,000. Childress Capital Advisors LLC purchased a new stake in shares of Leidos during the 4th quarter valued at $35,000. Finally, Cowa LLC purchased a new stake in shares of Leidos during the 4th quarter valued at $39,000. 76.32% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised Leidos from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday. Morgan Stanley lifted their price objective on Leidos from $105.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday. Credit Suisse Group decreased their price objective on Leidos from $137.00 to $118.00 and set an “outperform” rating for the company in a report on Wednesday, February 24th. Bank of America lifted their price objective on Leidos from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, March 3rd. Finally, Citigroup initiated coverage on Leidos in a report on Thursday, May 20th. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Leidos has a consensus rating of “Buy” and an average target price of $116.38.

Shares of LDOS traded down $0.57 during trading hours on Friday, reaching $106.11. 6,343 shares of the company’s stock traded hands, compared to its average volume of 849,784. The company has a market capitalization of $15.01 billion, a PE ratio of 21.42, a PEG ratio of 1.57 and a beta of 0.90. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.02 and a current ratio of 1.12. The firm’s 50 day simple moving average is $102.18. Leidos Holdings, Inc. has a 12 month low of $79.15 and a 12 month high of $113.75.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, May 4th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.25. The firm had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.25 billion. Leidos had a return on equity of 24.30% and a net margin of 5.64%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the company posted $1.19 EPS. Analysts expect that Leidos Holdings, Inc. will post 6.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be given a dividend of $0.34 per share. The ex-dividend date is Monday, June 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.28%. Leidos’s dividend payout ratio (DPR) is presently 23.33%.

In related news, Director Gary Stephen May sold 500 shares of the firm’s stock in a transaction dated Thursday, May 13th. The stock was sold at an average price of $102.69, for a total transaction of $51,345.00. Following the transaction, the director now directly owns 9,172 shares of the company’s stock, valued at approximately $941,872.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.57% of the company’s stock.

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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