Forefront Wealth Management Inc. Sells 6,578 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Forefront Wealth Management Inc. cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 28.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,193 shares of the aerospace company's stock after selling 6,578 shares during the period. Leidos comprises approximately 2.0% of Forefront Wealth Management Inc.'s investment portfolio, making the stock its 24th biggest holding. Forefront Wealth Management Inc.'s holdings in Leidos were worth $2,185,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LDOS. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Leidos in the 4th quarter valued at approximately $25,000. Duncker Streett & Co. Inc. bought a new position in shares of Leidos in the 4th quarter valued at about $27,000. REAP Financial Group LLC increased its stake in shares of Leidos by 422.2% during the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after purchasing an additional 152 shares during the last quarter. Human Investing LLC bought a new stake in shares of Leidos in the 4th quarter valued at about $52,000. Finally, Vision Financial Markets LLC acquired a new stake in Leidos in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Price Performance

Shares of LDOS stock traded down $1.10 during trading hours on Thursday, reaching $148.29. The company's stock had a trading volume of 759,694 shares, compared to its average volume of 1,259,447. The firm's 50 day simple moving average is $148.57 and its 200-day simple moving average is $144.56. The company has a market capitalization of $19.09 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.82 and a beta of 0.63. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90.

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

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Monday, June 16th. Leidos's dividend payout ratio is 16.10%.

Insider Transactions at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction 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 sale, the director now owns 20,195 shares in the company, valued at $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.96% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on LDOS. William Blair downgraded shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Wall Street Zen downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. UBS Group upped their target price on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Robert W. Baird cut Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target for the company. in a report on Tuesday, May 27th. Finally, Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Leidos currently has an average rating of "Moderate Buy" and a consensus price target of $176.46.

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.