Leidos Holdings, Inc. (NYSE:LDOS) Insider Sells $131,836.25 in Stock

Leidos Holdings, Inc. (NYSE:LDOS) insider Roy E. Stevens sold 875 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the sale, the insider now owns 44,149 shares in the company, valued at $6,651,929.83. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Leidos Trading Up 0.9 %

Leidos stock traded up $1.38 during mid-day trading on Friday, hitting $151.15. 691,654 shares of the company’s stock were exchanged, compared to its average volume of 894,207. The firm has a market capitalization of $20.44 billion, a P/E ratio of 64.56, a PEG ratio of 1.58 and a beta of 0.66. Leidos Holdings, Inc. has a fifty-two week low of $77.91 and a fifty-two week high of $151.32. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07. The company’s 50 day simple moving average is $134.50 and its 200-day simple moving average is $120.31.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter last year, the company posted $1.47 earnings per share. Leidos’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that Leidos Holdings, Inc. will post 8.59 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, June 14th. Leidos’s dividend payout ratio is presently 65.52%.

Institutional Investors Weigh In On Leidos

A number of institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers boosted its holdings in shares of Leidos by 2,113.3% during the first quarter. Cetera Investment Advisers now owns 59,537 shares of the aerospace company’s stock worth $7,805,000 after acquiring an additional 56,847 shares during the period. Plato Investment Management Ltd bought a new stake in shares of Leidos during the first quarter worth approximately $803,000. Comerica Bank raised its position in shares of Leidos by 33.2% in the first quarter. Comerica Bank now owns 41,664 shares of the aerospace company’s stock valued at $5,462,000 after buying an additional 10,380 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Leidos by 1.3% in the first quarter. California State Teachers Retirement System now owns 215,979 shares of the aerospace company’s stock valued at $28,313,000 after buying an additional 2,715 shares in the last quarter. Finally, Global Financial Private Client LLC raised its position in shares of Leidos by 49.1% in the first quarter. Global Financial Private Client LLC now owns 4,411 shares of the aerospace company’s stock valued at $575,000 after buying an additional 1,453 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays increased their price target on Leidos from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. TheStreet upgraded Leidos from a “c” rating to a “b” rating in a research report on Tuesday, February 13th. Jefferies Financial Group increased their price target on Leidos from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, April 10th. Truist Financial reiterated a “buy” rating and issued a $165.00 price objective (up from $150.00) on shares of Leidos in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada increased their price objective on Leidos from $120.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.67.

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.