Leidos Holdings, Inc. (NYSE:LDOS) Director Sells $279,278.72 in Stock

Leidos Holdings, Inc. (NYSE:LDOS - Get Free Report) Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Leidos Price Performance

Shares of Leidos stock traded down $3.39 during trading on Friday, hitting $126.66. 2,569,823 shares of the company's stock traded hands, compared to its average volume of 1,513,318. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The firm's fifty day moving average price is $144.89 and its 200 day moving average price is $156.76. Leidos Holdings, Inc. has a twelve month low of $123.22 and a twelve month high of $202.90. The company has a market cap of $16.61 billion, a PE ratio of 13.71, a PEG ratio of 1.67 and a beta of 0.66.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. Leidos's dividend payout ratio (DPR) is presently 17.32%.

Hedge Funds Weigh In On Leidos

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Leidos by 39.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company's stock valued at $1,800,000 after buying an additional 3,534 shares in the last quarter. Fiduciary Trust Co boosted its position in Leidos by 36.4% in the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company's stock valued at $3,902,000 after buying an additional 6,395 shares in the last quarter. Atria Investments Inc boosted its position in Leidos by 100.1% in the third quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company's stock valued at $1,440,000 after buying an additional 4,421 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Leidos by 21.4% during the third quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company's stock worth $8,992,000 after purchasing an additional 9,710 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Leidos during the third quarter worth approximately $4,622,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LDOS. Truist Financial dropped their target price on shares of Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Citigroup boosted their price objective on shares of Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on shares of Leidos from $199.00 to $197.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. William Blair downgraded shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday. Finally, TD Cowen downgraded shares of Leidos from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Leidos currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.27.

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.