Principal Financial Group Inc. Has $81.69 Million Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Principal Financial Group Inc. decreased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 605,382 shares of the aerospace company's stock after selling 7,902 shares during the period. Principal Financial Group Inc. owned 0.47% of Leidos worth $81,690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LDOS. US Bancorp DE boosted its holdings in shares of Leidos by 12.9% in the fourth quarter. US Bancorp DE now owns 9,309 shares of the aerospace company's stock worth $1,341,000 after acquiring an additional 1,061 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Leidos by 20.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock worth $65,000 after acquiring an additional 77 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Leidos by 25.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,420 shares of the aerospace company's stock worth $349,000 after acquiring an additional 488 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Leidos in the fourth quarter worth $108,000. Finally, Assetmark Inc. boosted its holdings in shares of Leidos by 24.0% in the fourth quarter. Assetmark Inc. now owns 15,758 shares of the aerospace company's stock worth $2,270,000 after acquiring an additional 3,051 shares during the period. Institutional investors own 76.12% of the company's stock.

Leidos Trading Down 0.1%

Shares of LDOS traded down $0.11 during midday trading on Monday, hitting $164.45. The stock had a trading volume of 497,923 shares, compared to its average volume of 1,494,957. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. The firm has a market cap of $21.17 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64. The business has a 50-day simple moving average of $152.12 and a two-hundred day simple moving average of $144.38. 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 analysts' consensus estimates of $2.47 by $0.50. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. Leidos's revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. Leidos's payout ratio is 16.10%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group lifted their price objective on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a 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 on the stock. in a report on Tuesday, May 27th. Truist Financial lowered their price target on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wall Street Zen upgraded Leidos from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Wells Fargo & Company raised their price objective on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $177.46.

Insider Transactions at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 20,195 shares of the company's stock, valued at $3,121,137.25. This represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.69% of the company's stock.

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.