Leidos Holdings, Inc. (NYSE:LDOS) Short Interest Update

Leidos Holdings, Inc. (NYSE:LDOSGet Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 2,360,000 shares, a growth of 57.3% from the April 30th total of 1,500,000 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 923,800 shares, the days-to-cover ratio is presently 2.6 days.

Insider Activity

In other Leidos news, Director David G. Fubini sold 7,874 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares in the company, valued at $1,879,471.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the transaction, the insider now directly owns 44,149 shares in the company, valued at approximately $6,651,929.83. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David G. Fubini sold 7,874 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now owns 14,696 shares in the company, valued at approximately $1,879,471.44. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of Leidos

Several hedge funds have recently bought and sold shares of the business. Boston Partners lifted its stake in shares of Leidos by 5.8% in the first quarter. Boston Partners now owns 3,430,264 shares of the aerospace company’s stock valued at $449,592,000 after buying an additional 188,458 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Leidos by 48.7% in the 1st quarter. Cetera Advisors LLC now owns 13,035 shares of the aerospace company’s stock worth $1,709,000 after acquiring an additional 4,269 shares during the last quarter. Cetera Investment Advisers lifted its position in Leidos by 2,113.3% in the 1st quarter. Cetera Investment Advisers now owns 59,537 shares of the aerospace company’s stock valued at $7,805,000 after acquiring an additional 56,847 shares in the last quarter. Plato Investment Management Ltd acquired a new position in Leidos during the 1st quarter valued at about $803,000. Finally, Comerica Bank increased its holdings in Leidos by 33.2% during the 1st quarter. Comerica Bank now owns 41,664 shares of the aerospace company’s stock worth $5,462,000 after purchasing an additional 10,380 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on LDOS. Robert W. Baird increased their price target on Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company lifted their price target on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Truist Financial reiterated a “buy” rating and issued a $165.00 price objective (up previously from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Finally, Stifel Nicolaus boosted their target price on shares of Leidos from $138.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.67.

Check Out Our Latest Report on LDOS

Leidos Trading Down 0.2 %

Shares of LDOS stock traded down $0.29 during trading hours on Thursday, hitting $145.43. 377,841 shares of the company were exchanged, compared to its average volume of 885,381. The company has a 50 day simple moving average of $136.21 and a two-hundred day simple moving average of $121.71. The firm has a market cap of $19.66 billion, a P/E ratio of 62.81, a P/E/G ratio of 1.55 and a beta of 0.66. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. Leidos has a fifty-two week low of $77.91 and a fifty-two week high of $151.32.

Leidos (NYSE:LDOSGet Free Report) last issued its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the company posted $1.47 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Equities analysts anticipate that Leidos will post 8.59 EPS for the current year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, June 14th. Leidos’s payout ratio is 65.52%.

About Leidos

(Get Free Report)

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. 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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