Leidos Holdings, Inc. (NYSE:LDOS) Director Sells $193,187.50 in Stock

Leidos Holdings, Inc. (NYSE:LDOS) Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the transaction, the director now directly owns 20,195 shares of the company’s stock, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Leidos Stock Performance

NYSE:LDOS opened at $155.90 on Monday. The company has a 50-day moving average of $140.16 and a 200-day moving average of $149.18. The firm has a market cap of $20.07 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.50. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $2.29 earnings per share. Analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, June 16th. Leidos’s dividend payout ratio is presently 16.10%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LDOS. Truist Financial reduced their price objective on Leidos from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada boosted their target price on shares of Leidos from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 7th. UBS Group raised their target price on Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Wells Fargo & Company upped their price objective on shares of Leidos from $173.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, StockNews.com cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $180.69.

Institutional Investors Weigh In On Leidos

Institutional investors and hedge funds have recently modified their holdings of the stock. Verdence Capital Advisors LLC increased its stake in Leidos by 4.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company’s stock worth $242,000 after purchasing an additional 77 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Leidos by 20.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company’s stock worth $65,000 after buying an additional 77 shares during the period. Parallel Advisors LLC increased its position in shares of Leidos by 9.1% in the first quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company’s stock worth $131,000 after acquiring an additional 81 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Leidos by 3.2% during the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock valued at $394,000 after acquiring an additional 86 shares during the period. Finally, Contravisory Investment Management Inc. raised its holdings in shares of Leidos by 2.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock valued at $691,000 after acquiring an additional 95 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

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.