Gary Stephen May Sells 2,128 Shares of Leidos Holdings, Inc. (NYSE:LDOS) Stock

Leidos Holdings, Inc. (NYSE:LDOS) Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Leidos Stock Down 1.0 %

Leidos stock opened at $130.17 on Friday. The firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 1.67 and a beta of 0.66. The company’s 50 day simple moving average is $145.35 and its 200 day simple moving average is $156.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a fifty-two week low of $122.76 and a fifty-two week high of $202.90.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. As a group, sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. Leidos’s dividend payout ratio (DPR) is currently 17.32%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LDOS shares. Truist Financial cut their price target on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and dropped their target price for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. Cantor Fitzgerald initiated coverage on shares of Leidos in a research note on Friday, February 7th. They set an “overweight” rating and a $185.00 price target on the stock. Barclays boosted their price objective 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. Finally, Citigroup increased 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. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.27.

Hedge Funds Weigh In On Leidos

Several institutional investors have recently modified their holdings of LDOS. Norges Bank acquired a new stake in Leidos during the 4th quarter worth approximately $266,419,000. Alliancebernstein L.P. raised its holdings in shares of Leidos by 510.6% during the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company’s stock worth $144,011,000 after acquiring an additional 835,930 shares during the period. Invesco Ltd. lifted its position in Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock valued at $378,942,000 after acquiring an additional 682,532 shares in the last quarter. FMR LLC boosted its stake in Leidos by 27.8% in the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock worth $392,133,000 after purchasing an additional 522,764 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after purchasing an additional 405,256 shares during the period. Institutional investors own 76.12% of the company’s stock.

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.