Forefront Wealth Management Inc. Lowers Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Forefront Wealth Management Inc. reduced its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 28.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,193 shares of the aerospace company's stock after selling 6,578 shares during the quarter. Leidos makes up about 2.0% of Forefront Wealth Management Inc.'s holdings, making the stock its 24th largest position. Forefront Wealth Management Inc.'s holdings in Leidos were worth $2,185,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Leidos during the fourth quarter worth $25,000. Duncker Streett & Co. Inc. purchased a new stake in Leidos during the 4th quarter worth about $27,000. REAP Financial Group LLC boosted its stake in Leidos by 422.2% in 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 period. Human Investing LLC purchased a new position in Leidos during the 4th quarter valued at about $52,000. Finally, Sentry Investment Management LLC bought a new stake in shares of Leidos during the first quarter valued at about $55,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value 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. This represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LDOS has been the subject of several recent analyst reports. Truist Financial reduced their price objective on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company upped their target price on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Robert W. Baird cut shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective on the stock. in a research report on Tuesday, May 27th. William Blair downgraded shares of Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Finally, Wall Street Zen lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $176.46.

Leidos Trading Down 0.7%

Shares of NYSE:LDOS traded down $1.08 on Monday, reaching $148.08. 1,075,298 shares of the company traded hands, compared to its average volume of 1,258,004. The stock has a market capitalization of $19.06 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.65 and a beta of 0.63. The business's 50-day simple moving average is $147.91 and its 200 day simple moving average is $144.63. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.50. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.29 earnings per share. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

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

About Leidos

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.