Spire Wealth Management Decreases Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Spire Wealth Management trimmed its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 7.1% during the first quarter, HoldingsChannel reports. The firm owned 8,222 shares of the aerospace company’s stock after selling 624 shares during the period. Spire Wealth Management’s holdings in Leidos were worth $1,109,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Leidos during the 4th quarter worth approximately $25,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Leidos during the 4th quarter worth approximately $27,000. REAP Financial Group LLC increased its holdings in shares of Leidos by 422.2% during the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company’s stock worth $27,000 after buying an additional 152 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Leidos during the 1st quarter worth approximately $55,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Leidos during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Buying and Selling at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the sale, the director now directly owns 20,195 shares in the company, valued at approximately $3,121,137.25. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Leidos from $173.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Truist Financial cut their price target on shares of Leidos from $165.00 to $155.00 and set a “buy” rating for the company in a report on Monday, April 14th. Robert W. Baird cut shares of Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 price objective for the company. in a research report on Tuesday, May 27th. Baird R W cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 27th. Finally, Royal Bank Of Canada increased their price objective on shares of Leidos from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $177.46.

Leidos Stock Performance

Shares of LDOS stock opened at $155.71 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The stock has a market capitalization of $20.04 billion, a PE ratio of 15.67, a P/E/G ratio of 1.88 and a beta of 0.63. The firm has a 50 day moving average of $150.17 and a two-hundred day moving average of $144.05.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.47 by $0.50. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter last year, the company posted $2.29 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 1.03%. Leidos’s dividend payout ratio is presently 16.10%.

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.