Leidos Holdings, Inc. (NYSE:LDOS) Director Robert C. Kovarik, Jr. Sells 1,047 Shares

Leidos Holdings, Inc. (NYSE:LDOS) Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction 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 directly owns 6,408 shares in the company, valued at $1,185,095.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Leidos Trading Down 0.1 %

NYSE:LDOS opened at $182.97 on Friday. 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 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 price-to-earnings-growth ratio of 1.50 and a beta of 0.70. The stock has a fifty day simple moving average of $163.05 and a 200 day simple moving average of $151.19.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period last year, the company posted $2.03 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts forecast that Leidos Holdings, Inc. will post 9.9 earnings per share for the current year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. Leidos’s dividend payout ratio (DPR) is presently 17.31%.

Analyst Ratings Changes

LDOS has been the topic of a number of research analyst reports. Bank of America lifted their target price on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. TD Cowen lifted their target price on Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday. Citigroup lifted their target price on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial lifted their target price on Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.77.

Institutional Investors Weigh In On Leidos

A number of institutional investors have recently bought and sold shares of LDOS. Allspring Global Investments Holdings LLC boosted its holdings in shares of Leidos by 51.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock worth $136,491,000 after buying an additional 283,558 shares during the period. Twin Tree Management LP bought a new stake in shares of Leidos during the 1st quarter worth $2,512,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Leidos by 188.2% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company’s stock worth $1,207,000 after buying an additional 5,403 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Leidos by 97.2% during the 1st quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock worth $1,692,000 after buying an additional 6,360 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Leidos by 76.9% during the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after buying an additional 303,775 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

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.