Braun Stacey Associates Inc. Reduces Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Braun Stacey Associates Inc. lessened its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,373 shares of the aerospace company's stock after selling 5,196 shares during the period. Braun Stacey Associates Inc. owned 0.13% of Leidos worth $25,264,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Ballentine Partners LLC grew its stake in Leidos by 3.5% during the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company's stock valued at $297,000 after acquiring an additional 62 shares in the last quarter. Asahi Life Asset Management CO. LTD. boosted its holdings in Leidos by 3.2% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company's stock valued at $372,000 after purchasing an additional 70 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Leidos by 3.2% in the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock valued at $394,000 after purchasing an additional 86 shares during the last quarter. Contravisory Investment Management Inc. boosted its holdings in Leidos by 2.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company's stock valued at $691,000 after purchasing an additional 95 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in Leidos by 6.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,679 shares of the aerospace company's stock valued at $274,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now directly owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Leidos Stock Down 2.6 %

Leidos stock traded down $3.39 during mid-day trading on Friday, reaching $126.66. 2,569,823 shares of the company's stock were exchanged, compared to its average volume of 1,513,318. The company has a market cap of $16.61 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.67 and a beta of 0.66. Leidos Holdings, Inc. has a twelve month low of $123.22 and a twelve month high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The company has a fifty day moving average of $144.89 and a 200-day moving average of $156.76.

Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. Leidos's dividend payout ratio (DPR) is presently 17.32%.

Analysts Set New Price Targets

LDOS has been the topic of several recent analyst reports. StockNews.com upgraded shares of Leidos from a "buy" rating to a "strong-buy" rating in a report on Thursday. Robert W. Baird boosted their target price on shares of Leidos from $180.00 to $218.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Truist Financial decreased their target price on shares of Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group lowered shares of Leidos from a "buy" rating to a "neutral" rating and decreased their target price for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Leidos has an average rating of "Moderate Buy" and an average target price of $176.27.

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.