Allspring Global Investments Holdings LLC Sells 149,062 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Allspring Global Investments Holdings LLC cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 22.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 524,800 shares of the aerospace company's stock after selling 149,062 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.41% of Leidos worth $70,827,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Leidos during the 4th quarter worth $25,000. Duncker Streett & Co. Inc. purchased a new position in Leidos in the fourth quarter valued at approximately $27,000. REAP Financial Group LLC grew its holdings in Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after purchasing an additional 152 shares during the period. Sentry Investment Management LLC purchased a new stake in Leidos in the first quarter worth $55,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Leidos in the fourth quarter valued at $57,000. 76.12% of the stock is owned by institutional investors.

Insider Activity at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director directly owned 20,195 shares in the company, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.69% of the company's stock.

Leidos Trading Up 1.5%

Shares of NYSE LDOS traded up $2.26 during midday trading on Monday, reaching $157.94. The company had a trading volume of 981,301 shares, compared to its average volume of 1,266,143. The stock has a market cap of $20.33 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.88 and a beta of 0.63. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The firm's fifty day moving average price is $150.17 and its 200-day moving average price is $143.92. 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 announced 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. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. The business's revenue was up 6.8% on a year-over-year basis. On average, equities research analysts anticipate 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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Monday, June 16th. Leidos's payout ratio is 16.10%.

Analyst Upgrades and Downgrades

LDOS has been the subject of several recent research reports. 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. Robert W. Baird downgraded shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price for the company. in a research note on Tuesday, May 27th. Wells Fargo & Company upped their price target on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Stifel Nicolaus set a $178.00 price objective on shares of Leidos and gave the stock a "buy" rating in a report on Tuesday, June 24th. Finally, UBS Group increased their price target on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Seven investment 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $177.46.

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.