Leidos Holdings, Inc. (NYSE:LDOS) Director Sells $193,632.18 in Stock

Leidos Holdings, Inc. (NYSE:LDOS - Get Free Report) Director Robert C. Kovarik, Jr. sold 1,047 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the transaction, the director now owns 6,408 shares of the company's stock, valued at $1,185,095.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Leidos Trading Down 0.1 %

LDOS stock traded down $0.19 during midday trading on Friday, reaching $182.97. The company's stock had a trading volume of 1,053,157 shares, compared to its average volume of 742,043. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.11 and a current ratio of 1.23. The stock has a fifty day simple moving average of $163.05 and a two-hundred day simple moving average of $151.37. Leidos Holdings, Inc. has a 1 year low of $100.17 and a 1 year high of $188.36. The firm has a market capitalization of $24.41 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.45 and a beta of 0.68.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating the consensus estimate of $1.96 by $0.97. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.03 earnings per share. On average, equities research analysts predict that Leidos Holdings, Inc. will post 10.07 EPS for the current year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, December 13th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. This is a positive change from Leidos's previous quarterly dividend of $0.38. Leidos's dividend payout ratio (DPR) is currently 17.31%.

Hedge Funds Weigh In On Leidos

Institutional investors have recently made changes to their positions in the company. Diversified Trust Co purchased a new position in Leidos in the first quarter valued at about $305,000. Private Advisor Group LLC grew its stake in Leidos by 3.3% in the first quarter. Private Advisor Group LLC now owns 5,195 shares of the aerospace company's stock valued at $681,000 after purchasing an additional 165 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Leidos by 10.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,115 shares of the aerospace company's stock valued at $6,701,000 after purchasing an additional 4,696 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Leidos by 76.3% in the first quarter. BNP Paribas Financial Markets now owns 212,345 shares of the aerospace company's stock valued at $27,836,000 after purchasing an additional 91,891 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Leidos by 11.6% in the first quarter. Janney Montgomery Scott LLC now owns 21,172 shares of the aerospace company's stock valued at $2,775,000 after purchasing an additional 2,201 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on LDOS shares. JPMorgan Chase & Co. increased their target price on Leidos from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Robert W. Baird raised their price target on Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a research report on Wednesday. Truist Financial raised their price target on Leidos from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday. Wells Fargo & Company raised their price target on Leidos from $183.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, The Goldman Sachs Group raised their price target on Leidos from $205.00 to $228.00 and gave the stock a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $187.77.

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.