Allspring Global Investments Holdings LLC Cuts Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Allspring Global Investments Holdings LLC decreased its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 673,862 shares of the aerospace company’s stock after selling 163,508 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Leidos were worth $96,573,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Leidos by 39.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock valued at $1,800,000 after buying an additional 3,534 shares during the period. Fiduciary Trust Co raised its stake in shares of Leidos by 36.4% in the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock valued at $3,902,000 after acquiring an additional 6,395 shares in the last quarter. Atria Investments Inc boosted its holdings in Leidos by 100.1% in the third quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock valued at $1,440,000 after purchasing an additional 4,421 shares during the period. Los Angeles Capital Management LLC grew its stake in Leidos by 21.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock worth $8,992,000 after purchasing an additional 9,710 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in Leidos during the 3rd quarter worth about $4,622,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Activity at Leidos

In other news, Director Noel B. Geer acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LDOS has been the subject of several recent research reports. UBS Group decreased their price objective on Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday. Truist Financial decreased their price target on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays increased their price objective on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. The Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, StockNews.com downgraded shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.27.

Leidos Price Performance

Shares of NYSE LDOS opened at $136.82 on Thursday. The stock has a market cap of $18.26 billion, a P/E ratio of 15.58, a P/E/G ratio of 0.92 and a beta of 0.66. Leidos Holdings, Inc. has a twelve month low of $118.40 and a twelve month high of $202.90. The stock has a 50 day moving average of $148.78 and a two-hundred day moving average of $157.63. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.37% and a return on equity of 30.31%. On average, research analysts forecast that Leidos Holdings, Inc. will post 10.03 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio is currently 18.22%.

Leidos Company 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.