abrdn plc Trims Stake in Leidos Holdings, Inc. (NYSE:LDOS)

abrdn plc trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOSGet Rating) by 47.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,644 shares of the aerospace company’s stock after selling 31,219 shares during the quarter. abrdn plc’s holdings in Leidos were worth $3,782,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Arizona State Retirement System boosted its holdings in shares of Leidos by 1.4% in the 1st quarter. Arizona State Retirement System now owns 37,111 shares of the aerospace company’s stock worth $4,009,000 after purchasing an additional 495 shares in the last quarter. Hohimer Wealth Management LLC boosted its holdings in shares of Leidos by 10.1% in the 1st quarter. Hohimer Wealth Management LLC now owns 12,311 shares of the aerospace company’s stock worth $1,330,000 after purchasing an additional 1,133 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of Leidos by 36.9% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 13,844 shares of the aerospace company’s stock worth $1,495,000 after purchasing an additional 3,735 shares in the last quarter. Metis Global Partners LLC purchased a new position in shares of Leidos in the 1st quarter worth about $235,000. Finally, Renaissance Investment Group LLC lifted its stake in shares of Leidos by 9.4% in the 1st quarter. Renaissance Investment Group LLC now owns 59,579 shares of the aerospace company’s stock valued at $6,167,000 after acquiring an additional 5,113 shares during the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider James Robert Moos sold 516 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $98.56, for a total value of $50,856.96. Following the sale, the insider now owns 21,391 shares in the company, valued at approximately $2,108,296.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Leidos news, insider James Robert Moos sold 516 shares of the stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $98.56, for a total transaction of $50,856.96. Following the sale, the insider now directly owns 21,391 shares in the company, valued at approximately $2,108,296.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Harry M. Jansen Kraemer, Jr. sold 7,274 shares of the stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $103.18, for a total value of $750,531.32. Following the transaction, the director now directly owns 84,277 shares in the company, valued at $8,695,700.86. The disclosure for this sale can be found here. Insiders have sold 15,089 shares of company stock worth $1,548,441 in the last 90 days. Insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LDOS. StockNews.com raised Leidos from a “hold” rating to a “buy” rating in a research report on Friday, April 15th. The Goldman Sachs Group upped their price target on Leidos from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, April 14th. Truist Financial upped their price target on Leidos from $108.00 to $120.00 in a research report on Wednesday, May 4th. Finally, Barclays lowered Leidos from an “overweight” rating to an “equal weight” rating and set a $105.00 price target for the company. in a research report on Tuesday, June 7th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Leidos presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.71.

Leidos Stock Up 1.1 %

LDOS stock opened at $107.00 on Monday. Leidos Holdings, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $111.12. The business’s 50 day moving average price is $101.29 and its two-hundred day moving average price is $100.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.92 and a current ratio of 1.00. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 2.30 and a beta of 0.72.

Leidos (NYSE:LDOSGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The aerospace company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.09. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.38 billion. Leidos had a return on equity of 22.03% and a net margin of 5.20%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.73 EPS. As a group, analysts forecast that Leidos Holdings, Inc. will post 6.48 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.35%. Leidos’s payout ratio is currently 28.29%.

Leidos Company Profile

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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. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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