Rep. Gerald E. Connolly Sells Leidos Holdings, Inc. (NYSE:LDOS) Stock

Representative Gerald E. Connolly (D-Virginia) recently sold shares of Leidos Holdings, Inc. NYSE: LDOS. In a filing disclosed on October 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Leidos stock on October 10th. The trade occurred in the Representative's "TIAA JOINT" account.

Representative Gerald E. Connolly also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Science Applications International NYSE: SAIC on 10/10/2024.

Leidos Stock Up 0.2 %

LDOS stock traded up $0.27 during midday trading on Thursday, hitting $168.34. The company's stock had a trading volume of 746,836 shares, compared to its average volume of 853,465. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. Leidos Holdings, Inc. has a twelve month low of $90.30 and a twelve month high of $170.08. The company's fifty day moving average price is $156.89 and its 200 day moving average price is $147.47. The stock has a market capitalization of $22.76 billion, a P/E ratio of 72.58, a PEG ratio of 1.47 and a beta of 0.70.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.36. The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. Leidos's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.80 EPS. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 8.95 EPS for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 0.90%. Leidos's payout ratio is currently 65.52%.

Institutional Investors Weigh In On Leidos

Large investors have recently modified their holdings of the company. Twin Tree Management LP bought a new position in Leidos during the first quarter worth $2,512,000. Leeward Investments LLC MA lifted its stake in shares of Leidos by 4.9% in the first quarter. Leeward Investments LLC MA now owns 166,069 shares of the aerospace company's stock valued at $21,770,000 after buying an additional 7,703 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Leidos by 188.2% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company's stock valued at $1,207,000 after buying an additional 5,403 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of Leidos in the first quarter valued at $1,900,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Leidos by 97.2% during the first quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company's stock valued at $1,692,000 after purchasing an additional 6,360 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Leidos from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Leidos from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. TD Cowen upped their price target on shares of Leidos from $155.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Stifel Nicolaus upped their price target on shares of Leidos from $160.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, June 24th. Finally, Citigroup upped their price target on shares of Leidos from $169.00 to $194.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Leidos presently has a consensus rating of "Moderate Buy" and an average price target of $166.92.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the transaction, the director now directly owns 11,264 shares of the company's stock, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Gary Stephen May sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thomas Arthur Bell bought 1,712 shares of Leidos stock in a transaction dated Thursday, August 1st. The stock was acquired at an average price of $145.04 per share, with a total value of $248,308.48. Following the purchase, the chief executive officer now directly owns 22,398 shares of the company's stock, valued at approximately $3,248,605.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is owned by insiders.

About Representative Connolly

Gerald Edward Connolly (Democratic Party) (also known as Gerry) is a member of the U.S. House, representing Virginia's 11th Congressional District. He assumed office on January 3, 2009. His current term ends on January 3, 2025. Connolly (Democratic Party) is running for re-election to the U.S. House to represent Virginia's 11th Congressional District. He declared candidacy for the 2024 election. Click here to see Connolly's key votes in Congress. Since at least 2012, Connolly was assigned to the Committee on Foreign Affairs and the Committee on Oversight and Government Reform. From 1995 through 2008, Connolly served as a member of the Fairfax County Board of Supervisors. Connolly was born in Boston, Massachusetts. He earned his bachelor's from Maryknoll College in 1971 and his M.P.A. in 1971 from Harvard University. After receiving his master's, he began working for the United States Senate Committee on Foreign Relations. Prior to his election to the U.S. House, Connolly was a chair of the Board of Supervisors in Fairfax County, Va.

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.