Allspring Global Investments Holdings LLC Sells 163,508 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Allspring Global Investments Holdings LLC trimmed its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 19.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 673,862 shares of the aerospace company's stock after selling 163,508 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.51% of Leidos worth $96,573,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LDOS. CWM LLC grew its holdings in shares of Leidos by 101.3% in the 3rd quarter. CWM LLC now owns 4,652 shares of the aerospace company's stock worth $758,000 after acquiring an additional 2,341 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Leidos by 3,896.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,239 shares of the aerospace company's stock worth $202,000 after acquiring an additional 1,208 shares during the last quarter. Creative Planning grew its holdings in shares of Leidos by 0.5% in the 3rd quarter. Creative Planning now owns 72,775 shares of the aerospace company's stock worth $11,862,000 after acquiring an additional 375 shares during the last quarter. NBC Securities Inc. grew its holdings in shares of Leidos by 18.8% in the 3rd quarter. NBC Securities Inc. now owns 1,406 shares of the aerospace company's stock worth $229,000 after acquiring an additional 222 shares during the last quarter. Finally, Braun Bostich & Associates Inc. acquired a new position in shares of Leidos in the 3rd quarter worth $215,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LDOS has been the topic of a number of research analyst reports. UBS Group lowered their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday. Citigroup lifted their price target on Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Truist Financial lowered their price target on Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Wednesday. Wells Fargo & Company lowered their price target on Leidos from $199.00 to $197.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and lowered their target price for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $176.27.

Insider Activity

In related news, Director Noel B. Geer acquired 2,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were bought at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the purchase, the director now owns 2,000 shares in the company, valued at approximately $322,260. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now owns 6,408 shares in the company, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

Leidos Stock Performance

Leidos stock traded up $1.57 during trading hours on Friday, hitting $132.22. The stock had a trading volume of 1,752,327 shares, compared to its average volume of 1,277,481. The company has a 50-day moving average of $146.93 and a two-hundred day moving average of $157.23. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The company has a market cap of $17.64 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66. Leidos Holdings, Inc. has a fifty-two week low of $120.98 and a fifty-two week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last posted 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 return on equity of 30.31% and a net margin of 7.37%. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.03 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. Leidos's dividend payout ratio is currently 18.22%.

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.