Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 19.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 673,862 shares of the aerospace company’s stock after selling 163,508 shares during the period. Allspring Global Investments Holdings LLC owned about 0.51% of Leidos worth $96,573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rakuten Securities Inc. grew its stake in Leidos by 1,460.0% in the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 146 shares during the period. Ashton Thomas Securities LLC purchased a new position in Leidos during the third quarter valued at $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Leidos in the third quarter valued at about $30,000. Berbice Capital Management LLC purchased a new stake in shares of Leidos during the fourth quarter worth about $29,000. Finally, Mather Group LLC. raised its position in shares of Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 156 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Leidos

In related news, Director Noel B. Geer bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $322,260. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Leidos Stock Performance

Leidos stock opened at $136.82 on Thursday. The firm has a 50 day simple moving average of $148.78 and a 200-day simple moving average of $157.63. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a 1-year low of $118.40 and a 1-year high of $202.90.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.31% and a net margin of 7.37%. On average, analysts expect that Leidos Holdings, Inc. will post 10.03 EPS for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.17%. Leidos’s dividend payout ratio (DPR) is currently 18.22%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LDOS. Wells Fargo & Company lowered their price objective on Leidos from $199.00 to $197.00 and set an “overweight” rating on the stock in a report on Wednesday. The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. Barclays increased their price objective on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Robert W. Baird upped their target price on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, TD Cowen cut shares of Leidos from a “buy” rating to a “hold” rating and reduced their target price for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $176.27.

Leidos Company Profile

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.