Leidos Holdings, Inc. (NYSE:LDOS) Holdings Trimmed by Avantra Family Wealth Inc.

Avantra Family Wealth Inc. lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 36.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,980 shares of the aerospace company's stock after selling 2,262 shares during the period. Avantra Family Wealth Inc.'s holdings in Leidos were worth $537,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Leidos by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock worth $2,225,784,000 after buying an additional 84,003 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Leidos by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock worth $487,649,000 after acquiring an additional 27,410 shares during the last quarter. Invesco Ltd. increased its position in Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after purchasing an additional 682,532 shares in the last quarter. First Trust Advisors LP raised its stake in Leidos by 8.9% in the 4th quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company's stock valued at $273,920,000 after purchasing an additional 155,481 shares during the last quarter. Finally, Norges Bank purchased a new position in Leidos in the 4th quarter valued at about $266,419,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the transaction, the director now directly owns 20,195 shares in the company, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on LDOS shares. Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target on the stock. in a research note on Tuesday, May 27th. UBS Group lifted their target price on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wall Street Zen lowered Leidos from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Truist Financial decreased their price target on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $176.46.

Leidos Stock Up 1.6%

Shares of LDOS stock traded up $2.34 during mid-day trading on Monday, reaching $150.79. 1,185,505 shares of the company were exchanged, compared to its average volume of 1,265,571. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54. The company has a market capitalization of $19.41 billion, a P/E ratio of 15.17, a P/E/G ratio of 1.80 and a beta of 0.63. The business's 50 day simple moving average is $148.87 and its 200 day simple moving average is $144.07.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.47 by $0.50. The business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.11 billion. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.29 earnings per share. Research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Monday, June 16th. Leidos's dividend payout ratio is presently 16.10%.

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.