Pure Financial Advisors LLC Lowers Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Pure Financial Advisors LLC cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 9.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,549 shares of the aerospace company's stock after selling 2,431 shares during the period. Pure Financial Advisors LLC's holdings in Leidos were worth $3,313,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LDOS. Principal Securities Inc. increased its position in shares of Leidos by 50.6% during the fourth quarter. Principal Securities Inc. now owns 792 shares of the aerospace company's stock worth $114,000 after acquiring an additional 266 shares during the period. Private Advisor Group LLC grew its stake in Leidos by 83.0% during the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company's stock worth $1,177,000 after purchasing an additional 3,703 shares in the last quarter. Sigma Planning Corp increased its holdings in Leidos by 23.0% during the 4th quarter. Sigma Planning Corp now owns 2,471 shares of the aerospace company's stock worth $356,000 after purchasing an additional 462 shares during the period. First Horizon Advisors Inc. raised its position in Leidos by 208.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,034 shares of the aerospace company's stock valued at $149,000 after purchasing an additional 699 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co raised its position in Leidos by 98.4% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 8,969 shares of the aerospace company's stock valued at $1,292,000 after purchasing an additional 4,448 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the business'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 transaction, the director now owns 20,195 shares in the company, valued at $3,121,137.25. The trade was a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LDOS. Wells Fargo & Company boosted their price objective on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the stock a "buy" rating in a research note on Tuesday. Wall Street Zen downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Truist Financial reduced their price objective on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Seven 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 stock. According to data from MarketBeat.com, Leidos has an average rating of "Moderate Buy" and an average price target of $177.46.

Leidos Stock Performance

NYSE:LDOS traded up $1.70 during mid-day trading on Thursday, reaching $155.66. 1,253,652 shares of the stock were exchanged, compared to its average volume of 1,267,357. The stock has a market capitalization of $20.04 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.85 and a beta of 0.63. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The company has a 50 day simple moving average of $149.53 and a 200-day simple moving average of $144.11. 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 (NYSE:LDOS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating 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 revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 earnings per share. Analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. 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.