Leidos Holdings, Inc. Plans Quarterly Dividend of $0.40 (NYSE:LDOS)

Leidos Holdings, Inc. (NYSE:LDOS) announced a quarterly dividend on Friday, February 7th,RTT News reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.40 per share by the aerospace company on Friday, March 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%.

Leidos has raised its dividend by an average of 3.2% annually over the last three years. Leidos has a payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Leidos to earn $10.29 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 15.5%.

Leidos Trading Up 1.1 %

LDOS traded up $1.52 during trading on Friday, hitting $142.34. 1,215,682 shares of the stock traded hands, compared to its average volume of 1,294,247. The firm has a 50-day moving average of $150.20 and a 200 day moving average of $157.78. Leidos has a 12-month low of $112.53 and a 12-month high of $202.90. The firm has a market capitalization of $18.99 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 0.93 and a beta of 0.66. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15.

Analyst Ratings Changes

Several equities analysts recently issued reports on LDOS shares. Citigroup upped their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Truist Financial dropped their price objective on Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Wells Fargo & Company dropped their price target on shares of Leidos from $205.00 to $199.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Cantor Fitzgerald assumed coverage on shares of Leidos in a report on Friday. They set an “overweight” rating and a $185.00 price objective for the company. Finally, Barclays lifted their target price on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Insider Transactions at Leidos

In other news, Director Noel B. Geer acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $322,260. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.96% 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.