Leidos Holdings, Inc. $LDOS Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 593,455 shares of the aerospace company’s stock after selling 21,455 shares during the quarter. Principal Financial Group Inc. owned about 0.46% of Leidos worth $112,141,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mather Group LLC. bought a new position in Leidos during the third quarter valued at about $28,000. True Wealth Design LLC raised its position in Leidos by 471.4% in the second quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 165 shares in the last quarter. Mountain Hill Investment Partners Corp. lifted its holdings in Leidos by 66.2% in the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 86 shares during the last quarter. REAP Financial Group LLC grew its stake in shares of Leidos by 50.0% in the 2nd quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 76 shares during the last quarter. Finally, First Horizon Corp acquired a new position in shares of Leidos in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Down 0.1%

Leidos stock opened at $188.04 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.62 and a quick ratio of 1.50. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $205.77. The firm has a fifty day moving average price of $188.96 and a two-hundred day moving average price of $185.07. The firm has a market cap of $24.04 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.31 and a beta of 0.59.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.44. Leidos had a net margin of 8.11% and a return on equity of 33.02%. The company had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.28 billion. As a group, analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Insider Activity at Leidos

In related news, insider Elizabeth A. Porter sold 3,000 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $192.21, for a total transaction of $576,630.00. Following the completion of the sale, the insider owned 38,575 shares in the company, valued at $7,414,500.75. This trade represents a 7.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.69% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LDOS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Leidos in a research report on Monday, December 29th. Truist Financial reissued a “buy” rating and issued a $220.00 price target (up previously from $200.00) on shares of Leidos in a research note on Tuesday, November 4th. Bank of America upped their price objective on shares of Leidos from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $220.00 target price on shares of Leidos in a report on Wednesday, January 7th. Finally, UBS Group set a $204.00 target price on shares of Leidos in a research report on Thursday, January 15th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $213.09.

Leidos Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.