Cetera Advisor Networks LLC Has $748,000 Position in Leidos (LDOS)

Cetera Advisor Networks LLC lifted its position in Leidos (NYSE:LDOS) by 76.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,407 shares of the aerospace company’s stock after buying an additional 4,932 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Leidos were worth $748,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Traynor Capital Management Inc. bought a new position in shares of Leidos in the first quarter valued at $239,000. Private Advisor Group LLC acquired a new stake in Leidos during the 1st quarter valued at $247,000. W. E. Donoghue & Co. LLC acquired a new stake in Leidos during the 1st quarter valued at $553,000. Trexquant Investment LP acquired a new stake in Leidos during the 1st quarter valued at $594,000. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in Leidos during the 1st quarter valued at $654,000. 72.75% of the stock is owned by institutional investors and hedge funds.

LDOS opened at $60.26 on Friday. Leidos has a fifty-two week low of $50.94 and a fifty-two week high of $70.11. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.25 and a quick ratio of 1.01. The firm has a market cap of $9.20 billion, a PE ratio of 16.20, a PEG ratio of 1.46 and a beta of 1.60.

Leidos (NYSE:LDOS) last posted its earnings results on Thursday, May 3rd. The aerospace company reported $1.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.03. Leidos had a return on equity of 17.90% and a net margin of 3.95%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter last year, the firm earned $0.88 earnings per share. The company’s revenue was down 5.3% on a year-over-year basis. sell-side analysts predict that Leidos will post 4.38 EPS for the current year.

Leidos announced that its board has authorized a share buyback program on Thursday, February 22nd that permits the company to buyback 20,000,000 shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, June 14th. Leidos’s dividend payout ratio is currently 34.41%.

LDOS has been the subject of several research reports. ValuEngine raised Leidos from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Jefferies Group raised their price target on Leidos from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $81.00 price target (up previously from $79.00) on shares of Leidos in a report on Friday, February 23rd. Citigroup raised their price target on Leidos from $71.00 to $75.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Zacks Investment Research raised Leidos from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Wednesday, February 28th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Leidos presently has a consensus rating of “Buy” and a consensus price target of $73.89.

About Leidos

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.

Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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