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 that occurred on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Leidos Stock Down 0.1 %

LDOS traded down $0.19 during trading on Friday, hitting $182.97. The company had a trading volume of 1,038,733 shares, compared to its average volume of 856,832. The company has a market capitalization of $24.41 billion, a PE ratio of 20.84, a PEG ratio of 1.50 and a beta of 0.70. Leidos Holdings, Inc. has a one year low of $100.17 and a one year high of $188.36. The firm’s 50-day moving average price is $162.48 and its 200 day moving average price is $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.

Leidos (NYSE:LDOS) last posted its quarterly earnings data 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 business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.03 EPS. As a group, equities analysts expect that Leidos Holdings, Inc. will post 9.9 earnings per share for the current year.

Leidos Increases Dividend

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

Institutional Investors Weigh In On Leidos

Institutional investors have recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC bought a new stake in Leidos during the 3rd quarter worth about $30,000. 1832 Asset Management L.P. bought a new stake in Leidos during the 2nd quarter worth about $34,000. Blue Trust Inc. lifted its position in Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after buying an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Leidos by 122.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after buying an additional 169 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in Leidos during the 3rd quarter worth about $46,000. 76.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of Leidos from $183.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday. Robert W. Baird lifted their target price on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada lifted their target price on shares of Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday. Citigroup lifted their target price on shares of Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group lifted their target price on shares of Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and an average target price of $187.77.

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.