Leidos Holdings, Inc. $LDOS Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 4.4% during the second quarter, Holdings Channel.com reports. The firm owned 501,823 shares of the aerospace company’s stock after selling 22,977 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Leidos were worth $80,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its stake in shares of Leidos by 3,450.0% in the first quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company’s stock valued at $95,012,000 after buying an additional 684,272 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Leidos by 29.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock valued at $315,250,000 after acquiring an additional 536,452 shares during the period. Victory Capital Management Inc. boosted its position in shares of Leidos by 130.3% during the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company’s stock worth $96,001,000 after purchasing an additional 402,454 shares in the last quarter. Nuveen LLC acquired a new position in shares of Leidos during the 1st quarter worth $45,665,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of Leidos by 262.9% in the 1st quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company’s stock valued at $62,005,000 after purchasing an additional 332,882 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Gregory R. Dahlberg sold 952 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $168,913.36. Following the sale, the director owned 21,068 shares in the company, valued at approximately $3,738,095.24. This trade represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Edward Hull sold 12,497 shares of Leidos stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $178.14, for a total transaction of $2,226,215.58. Following the completion of the sale, the insider directly owned 25,817 shares of the company’s stock, valued at $4,599,040.38. The trade was a 32.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,975 shares of company stock valued at $4,078,740 in the last ninety days. Insiders own 0.69% of the company’s stock.

Leidos Price Performance

LDOS stock opened at $186.04 on Tuesday. The stock’s 50 day moving average price is $183.47 and its 200 day moving average price is $162.55. The firm has a market cap of $23.87 billion, a P/E ratio of 17.58, a PEG ratio of 1.76 and a beta of 0.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.58. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.24 billion. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, September 15th. Leidos’s dividend payout ratio is 15.12%.

Analyst Ratings Changes

A number of research firms recently commented on LDOS. Royal Bank Of Canada raised shares of Leidos from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 4th. Stifel Nicolaus set a $178.00 price target on Leidos and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Citigroup restated a “buy” rating and issued a $190.00 price target (up previously from $186.00) on shares of Leidos in a report on Monday, July 14th. Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Jefferies Financial Group raised Leidos from a “hold” rating to a “buy” rating and upped their target price for the company from $185.00 to $205.00 in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and a consensus target price of $188.31.

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.