Surya N. Mohapatra Sells 2,748 Shares of Leidos Holdings, Inc. (NYSE:LDOS) Stock

Leidos Holdings, Inc. (NYSE:LDOS) Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the sale, the director now owns 20,001 shares of the company’s stock, valued at approximately $3,899,594.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Leidos Stock Down 3.4 %

Leidos stock opened at $194.40 on Thursday. The business’s 50-day simple moving average is $168.38 and its two-hundred day simple moving average is $154.88. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The company has a market cap of $25.94 billion, a PE ratio of 22.14, a PEG ratio of 1.35 and a beta of 0.68. Leidos Holdings, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $202.90.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the company earned $2.03 EPS. Leidos’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts anticipate that Leidos Holdings, Inc. will post 10.07 EPS for the current year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.82%. This is a positive change from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. Leidos’s dividend payout ratio is presently 17.31%.

Wall Street Analyst Weigh In

LDOS has been the subject of several recent research reports. Citigroup boosted their price target on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Truist Financial raised their price target on shares of Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on shares of Leidos from $183.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird raised their target price on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Leidos has an average rating of “Moderate Buy” and an average price target of $191.23.

Hedge Funds Weigh In On Leidos

Institutional investors have recently modified their holdings of the stock. Rakuten Securities Inc. grew its holdings in Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 146 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Leidos during the 3rd quarter valued at approximately $29,000. Northwest Investment Counselors LLC acquired a new position in shares of Leidos in the 3rd quarter valued at $30,000. 1832 Asset Management L.P. acquired a new stake in Leidos during the second quarter valued at $34,000. Finally, Blue Trust Inc. increased its holdings in Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after buying an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 76.12% 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.