Braun Stacey Associates Inc. Sells 7,478 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Braun Stacey Associates Inc. lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 4.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 180,569 shares of the aerospace company's stock after selling 7,478 shares during the quarter. Leidos comprises about 1.1% of Braun Stacey Associates Inc.'s investment portfolio, making the stock its 23rd largest holding. Braun Stacey Associates Inc. owned about 0.14% of Leidos worth $29,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Boston Partners increased its holdings in shares of Leidos by 5.8% in the first quarter. Boston Partners now owns 3,430,264 shares of the aerospace company's stock worth $449,592,000 after acquiring an additional 188,458 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Leidos by 156.5% in the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company's stock worth $165,356,000 after acquiring an additional 691,575 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Leidos by 51.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company's stock worth $136,491,000 after acquiring an additional 283,558 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Leidos by 39.7% in the second quarter. Panagora Asset Management Inc. now owns 782,161 shares of the aerospace company's stock worth $114,102,000 after acquiring an additional 222,179 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Leidos by 76.9% in the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company's stock worth $101,942,000 after acquiring an additional 303,775 shares in the last quarter. Institutional investors own 76.12% of the company's stock.

Insiders Place Their Bets

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the sale, the director now directly owns 20,001 shares of the company's stock, valued at approximately $3,899,594.97. The trade was a 12.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the transaction, the director now owns 6,408 shares in the company, valued at $1,185,095.52. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LDOS shares. Bank of America increased their price target on Leidos from $160.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, August 7th. The Goldman Sachs Group upped their price objective on Leidos from $205.00 to $228.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. TD Cowen upped their price objective on Leidos from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Citigroup upped their price objective on Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Barclays upped their price objective on Leidos from $165.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.23.

Leidos Price Performance

Shares of LDOS stock traded down $2.13 during trading hours on Monday, reaching $158.52. The company's stock had a trading volume of 1,281,374 shares, compared to its average volume of 905,918. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. Leidos Holdings, Inc. has a fifty-two week low of $104.72 and a fifty-two week high of $202.90. The company has a market capitalization of $21.15 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.08 and a beta of 0.68. The firm's 50 day simple moving average is $169.55 and its 200-day simple moving average is $155.65.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.97. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. Leidos's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $2.03 EPS. Sell-side analysts forecast that Leidos Holdings, Inc. will post 10.07 earnings per share for the current year.

Leidos Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This is an increase from Leidos's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 1.01%. Leidos's payout ratio is presently 17.31%.

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.