Allspring Global Investments Holdings LLC Purchases 16,446 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Allspring Global Investments Holdings LLC grew its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 464,406 shares of the aerospace company’s stock after purchasing an additional 16,446 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.34% of Leidos worth $60,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LDOS. Norges Bank bought a new stake in shares of Leidos in the 4th quarter valued at approximately $202,191,000. Balyasny Asset Management L.P. grew its stake in shares of Leidos by 9,164.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 578,561 shares of the aerospace company’s stock valued at $62,623,000 after purchasing an additional 572,316 shares during the period. Wellington Management Group LLP grew its stake in shares of Leidos by 6.2% in the 3rd quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company’s stock valued at $429,501,000 after purchasing an additional 272,090 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Leidos in the 4th quarter valued at approximately $18,976,000. Finally, Adage Capital Partners GP L.L.C. grew its stake in shares of Leidos by 114.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 316,130 shares of the aerospace company’s stock valued at $29,135,000 after purchasing an additional 168,600 shares during the period. 76.12% of the stock is currently owned by institutional investors.

Leidos Stock Performance

Shares of Leidos stock opened at $145.86 on Wednesday. The firm has a fifty day moving average of $144.68 and a two-hundred day moving average of $128.25. The stock has a market capitalization of $19.72 billion, a price-to-earnings ratio of 62.87, a PEG ratio of 1.51 and a beta of 0.68. Leidos Holdings, Inc. has a 52 week low of $87.61 and a 52 week high of $151.32. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, beating the consensus estimate of $1.70 by $0.59. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 EPS. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 8.75 EPS for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, June 14th. Leidos’s payout ratio is 65.52%.

Insider Buying and Selling at Leidos

In related news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $150.67, for a total value of $131,836.25. Following the completion of the sale, the insider now owns 44,149 shares in the company, valued at approximately $6,651,929.83. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays upped their price objective on Leidos from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Jefferies Financial Group boosted their target price on Leidos from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. Royal Bank of Canada boosted their target price on Leidos from $120.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 1st. Robert W. Baird boosted their target price on Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $146.08.

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.