Braun Stacey Associates Inc. Trims Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Braun Stacey Associates Inc. lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 17.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 144,249 shares of the aerospace company's stock after selling 31,124 shares during the quarter. Braun Stacey Associates Inc. owned 0.11% of Leidos worth $19,465,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. World Investment Advisors lifted its position in Leidos by 5.9% in the first quarter. World Investment Advisors now owns 4,729 shares of the aerospace company's stock valued at $638,000 after purchasing an additional 262 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Leidos in the first quarter valued at approximately $63,000. Brookstone Capital Management lifted its position in Leidos by 296.7% in the first quarter. Brookstone Capital Management now owns 19,748 shares of the aerospace company's stock valued at $2,665,000 after purchasing an additional 14,770 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Leidos by 35.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,636 shares of the aerospace company's stock valued at $1,840,000 after buying an additional 3,562 shares during the period. Finally, IFM Investors Pty Ltd raised its holdings in shares of Leidos by 34.5% during the first quarter. IFM Investors Pty Ltd now owns 12,299 shares of the aerospace company's stock valued at $1,660,000 after acquiring an additional 3,156 shares in the last quarter. Institutional investors own 76.12% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Truist Financial decreased their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wall Street Zen upgraded Leidos from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Royal Bank Of Canada boosted their price target on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. UBS Group boosted their price target on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Baird R W cut Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $177.46.

Leidos Stock Down 1.4%

LDOS stock traded down $2.30 during trading on Tuesday, reaching $162.16. 1,053,234 shares of the company traded hands, compared to its average volume of 1,497,966. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The business has a 50 day simple moving average of $152.50 and a 200 day simple moving average of $144.52. 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 $20.87 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share 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 the consensus estimate of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The company's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $2.29 earnings per share. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Monday, June 16th. Leidos's payout ratio is 16.10%.

Insider Activity

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the transaction, the director directly owned 20,195 shares in the company, valued at $3,121,137.25. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.96% of the stock is currently owned by insiders.

Leidos 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.