Leidos Holdings, Inc. (NYSE:LDOS) Director Robert C. Kovarik, Jr. Sells 1,511 Shares

Leidos Holdings, Inc. (NYSE:LDOS - Get Free Report) Director Robert C. Kovarik, Jr. sold 1,511 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares of the company's stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Leidos Price Performance

Shares of Leidos stock traded down $1.18 on Tuesday, reaching $131.08. The stock had a trading volume of 728,632 shares, compared to its average volume of 1,431,343. Leidos Holdings, Inc. has a 1 year low of $122.76 and a 1 year high of $202.90. The company has a market cap of $17.49 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The business's 50 day moving average is $146.37 and its two-hundred day moving average is $157.23.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.37% and a return on equity of 30.31%. As a group, research analysts anticipate that Leidos Holdings, Inc. will post 10.03 EPS for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Friday, March 14th. Leidos's payout ratio is 18.22%.

Institutional Investors Weigh In On Leidos

A number of institutional investors and hedge funds have recently modified their holdings of LDOS. Vanguard Group Inc. raised its stake in Leidos by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock valued at $2,225,784,000 after purchasing an additional 84,003 shares in the last quarter. State Street Corp raised its stake in Leidos by 1.0% in the third quarter. State Street Corp now owns 5,800,357 shares of the aerospace company's stock valued at $945,458,000 after purchasing an additional 56,066 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after purchasing an additional 405,256 shares in the last quarter. Geode Capital Management LLC grew its position in Leidos by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock valued at $487,649,000 after acquiring an additional 27,410 shares during the last quarter. Finally, Invesco Ltd. grew its position in Leidos by 35.0% during the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after acquiring an additional 682,532 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Truist Financial reduced their price target on shares of Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. TD Cowen lowered shares of Leidos from a "buy" rating to a "hold" rating and reduced their price target for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of Leidos from $199.00 to $197.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Barclays increased their price target on shares of Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group lowered shares of Leidos from a "buy" rating to a "neutral" rating and reduced their price target for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $176.27.

Leidos Company 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.