Allspring Global Investments Holdings LLC Grows Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Allspring Global Investments Holdings LLC increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 51.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 837,370 shares of the aerospace company's stock after buying an additional 283,558 shares during the period. Allspring Global Investments Holdings LLC owned 0.62% of Leidos worth $136,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Key Financial Inc increased its holdings in shares of Leidos by 6.5% during the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company's stock worth $166,000 after acquiring an additional 70 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Leidos by 2.9% in the first quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company's stock valued at $350,000 after purchasing an additional 76 shares during the period. Somerset Trust Co lifted its stake in shares of Leidos by 3.5% during the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company's stock worth $396,000 after buying an additional 83 shares during the last quarter. Apella Capital LLC boosted its holdings in shares of Leidos by 0.8% during the 3rd quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company's stock worth $1,878,000 after buying an additional 89 shares during the period. Finally, Fulton Bank N.A. grew its stake in Leidos by 3.2% in the 3rd quarter. Fulton Bank N.A. now owns 3,358 shares of the aerospace company's stock valued at $547,000 after buying an additional 105 shares during the last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Price Performance

Shares of Leidos stock traded up $1.17 on Friday, reaching $169.52. 579,795 shares of the stock were exchanged, compared to its average volume of 852,110. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21. The firm has a market cap of $22.92 billion, a PE ratio of 73.07, a P/E/G ratio of 1.51 and a beta of 0.70. The firm's 50 day moving average is $157.88 and its 200-day moving average is $148.15. Leidos Holdings, Inc. has a one year low of $90.30 and a one year high of $170.08.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the prior year, the business earned $1.80 earnings per share. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, analysts anticipate that Leidos Holdings, Inc. will post 8.95 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 0.90%. Leidos's payout ratio is 65.52%.

Insider Transactions at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the sale, the director now directly owns 7,455 shares in the company, valued at approximately $1,082,689.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Thomas Arthur Bell bought 1,712 shares of the stock in a transaction dated Thursday, August 1st. The shares were bought at an average cost of $145.04 per share, with a total value of $248,308.48. Following the completion of the transaction, the chief executive officer now directly owns 22,398 shares of the company's stock, valued at $3,248,605.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of Leidos stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the sale, the director now directly owns 7,455 shares of the company's stock, valued at approximately $1,082,689.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup raised their price objective on shares of Leidos from $169.00 to $194.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Barclays boosted their price target on Leidos from $160.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Truist Financial increased their price objective on Leidos from $165.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, September 5th. Royal Bank of Canada boosted their target price on shares of Leidos from $140.00 to $145.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 31st. Finally, Bank of America raised their price target on shares of Leidos from $160.00 to $165.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Two 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. Based on data from MarketBeat, Leidos has an average rating of "Moderate Buy" and a consensus target price of $166.92.

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.