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

Leidos Holdings, Inc. (NYSE:LDOS) Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at approximately $1,185,095.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Leidos Price Performance

LDOS traded down $0.19 during midday trading on Friday, reaching $182.97. 1,038,733 shares of the company’s stock were exchanged, compared to its average volume of 856,832. Leidos Holdings, Inc. has a one year low of $100.17 and a one year high of $188.36. The business has a 50-day simple moving average of $162.48 and a two-hundred day simple moving average of $150.78. The company has a quick ratio of 1.11, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $24.41 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.50 and a beta of 0.70.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the company posted $2.03 earnings per share. Leidos’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that Leidos Holdings, Inc. will post 9.9 EPS for the current year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Leidos’s previous quarterly dividend of $0.38. Leidos’s payout ratio is 17.31%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LDOS. Robert W. Baird raised their price target on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group raised their price target on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada raised their price target on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday. Citigroup raised their price target on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, TD Cowen lifted their target price on Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Leidos presently has an average rating of “Moderate Buy” and an average target price of $187.77.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Ballentine Partners LLC increased its holdings in shares of Leidos by 3.5% in the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after purchasing an additional 62 shares in the last quarter. Key Financial Inc increased its holdings in shares of Leidos by 6.5% in the second quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock valued at $166,000 after purchasing an additional 70 shares in the last quarter. Asahi Life Asset Management CO. LTD. increased its holdings in shares of Leidos by 3.2% in the third quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after purchasing an additional 70 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Leidos by 2.9% in the first quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock valued at $350,000 after purchasing an additional 76 shares in the last quarter. Finally, Somerset Trust Co increased its holdings in shares of Leidos by 3.5% in the third quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

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.