Leidos Holdings Inc (NYSE:LDOS) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 3,372,700 shares, a decrease of 5.7% from the June 15th total of 3,577,300 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is currently 3.1 days.

Several equities analysts have recently weighed in on LDOS shares. Morgan Stanley lowered shares of Meili from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $14.00 to $4.20 in a research report on Monday, June 3rd. Goldman Sachs Group raised shares of MICHELIN COMPAG/ADR from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th. Wells Fargo & Co reaffirmed a “buy” rating and set a $115.00 price target on shares of Tractor Supply in a research report on Wednesday, May 15th. Citigroup lowered shares of Apergy from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $41.00 to $34.00 in a research report on Tuesday, July 9th. Finally, Argus raised their price target on shares of Leidos to $82.00 and gave the stock a “positive” rating in a research report on Thursday, May 16th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $80.56.

A number of large investors have recently added to or reduced their stakes in LDOS. Dimensional Fund Advisors LP increased its holdings in Leidos by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,648,007 shares of the aerospace company’s stock valued at $86,883,000 after purchasing an additional 101,437 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Leidos by 6.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 38,223 shares of the aerospace company’s stock valued at $2,015,000 after purchasing an additional 2,226 shares in the last quarter. Legal & General Group Plc increased its holdings in Leidos by 5.3% in the 4th quarter. Legal & General Group Plc now owns 507,321 shares of the aerospace company’s stock valued at $26,746,000 after purchasing an additional 25,602 shares in the last quarter. Hancock Whitney Corp increased its holdings in Leidos by 12.7% in the 4th quarter. Hancock Whitney Corp now owns 7,311 shares of the aerospace company’s stock valued at $385,000 after purchasing an additional 824 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in Leidos by 163.6% in the 4th quarter. Advisory Services Network LLC now owns 2,407 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 1,494 shares in the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

NYSE:LDOS traded up $1.06 during mid-day trading on Tuesday, reaching $84.38. 1,349,174 shares of the company’s stock were exchanged, compared to its average volume of 687,364. Leidos has a one year low of $50.33 and a one year high of $84.32. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.39 and a beta of 1.57. The business’s fifty day moving average is $80.37. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.90.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.13. Leidos had a net margin of 6.47% and a return on equity of 20.08%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the firm earned $1.03 earnings per share. Leidos’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts expect that Leidos will post 4.59 earnings per share for the current fiscal year.

Leidos Company 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.

Read More: How to Invest in a Bull Market

Receive News & Ratings for Leidos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos and related companies with MarketBeat.com's FREE daily email newsletter.