Comerica Bank cut its stake in shares of Leidos Holdings Inc (NYSE:LDOS) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 109,381 shares of the aerospace company’s stock after selling 3,112 shares during the period. Comerica Bank owned approximately 0.07% of Leidos worth $6,954,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Command Bank purchased a new position in shares of Leidos during the 2nd quarter worth approximately $106,000. First Command Financial Services Inc. purchased a new position in shares of Leidos during the 2nd quarter worth approximately $106,000. Gables Capital Management Inc. purchased a new position in shares of Leidos during the 1st quarter worth approximately $120,000. Squar Milner Financial Services LLC purchased a new position in shares of Leidos during the 2nd quarter worth approximately $142,000. Finally, Point72 Asia Hong Kong Ltd purchased a new position in shares of Leidos during the 1st quarter worth approximately $181,000. 72.63% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on LDOS shares. ValuEngine downgraded Leidos from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Zacks Investment Research raised Leidos from a “sell” rating to a “hold” rating in a research note on Friday, July 27th. Finally, Goldman Sachs Group downgraded Leidos from a “buy” rating to a “neutral” rating in a research note on Monday, June 18th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Leidos presently has a consensus rating of “Buy” and an average target price of $73.89.

LDOS opened at $70.64 on Friday. The company has a market capitalization of $10.49 billion, a P/E ratio of 18.99, a PEG ratio of 1.67 and a beta of 1.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.08 and a current ratio of 1.31. Leidos Holdings Inc has a 1-year low of $55.05 and a 1-year high of $71.18.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Thursday, July 26th. The aerospace company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Leidos had a return on equity of 18.05% and a net margin of 4.42%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 EPS. equities research analysts forecast that Leidos Holdings Inc will post 4.4 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 17th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, September 14th. Leidos’s dividend payout ratio is currently 34.41%.

Leidos Profile

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company 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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