Noel B. Geer Buys 2,000 Shares of Leidos Holdings, Inc. (NYSE:LDOS) Stock

Leidos Holdings, Inc. (NYSE:LDOS) Director Noel B. Geer acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $322,260. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Leidos Trading Up 0.5 %

Shares of NYSE:LDOS traded up $0.82 during mid-day trading on Friday, reaching $165.51. 1,591,707 shares of the company’s stock were exchanged, compared to its average volume of 929,686. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.06 and a beta of 0.68. Leidos Holdings, Inc. has a twelve month low of $105.52 and a twelve month high of $202.90. The business’s fifty day moving average price is $170.16 and its 200-day moving average price is $155.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23.

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, beating the consensus estimate of $1.96 by $0.97. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.03 earnings per share. On average, research analysts predict that Leidos Holdings, Inc. will post 10.07 EPS for the current fiscal 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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. This is a positive change from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, December 16th. Leidos’s dividend payout ratio (DPR) is 17.31%.

Analysts Set New Price Targets

LDOS has been the topic of several research analyst reports. Citigroup lifted their price target on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. TD Cowen upped their price target on shares of Leidos from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays boosted their target price on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Truist Financial decreased their price target on Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group lifted their target price on shares of Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Two equities research 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $189.69.

Hedge Funds Weigh In On Leidos

A number of large investors have recently made changes to their positions in LDOS. Morse Asset Management Inc boosted its stake in shares of Leidos by 92.0% in the 3rd quarter. Morse Asset Management Inc now owns 5,175 shares of the aerospace company’s stock valued at $844,000 after purchasing an additional 2,480 shares in the last quarter. Hobbs Group Advisors LLC increased its holdings in shares of Leidos by 43.6% in the third quarter. Hobbs Group Advisors LLC now owns 6,339 shares of the aerospace company’s stock worth $1,033,000 after buying an additional 1,926 shares during the period. Virtue Capital Management LLC bought a new stake in shares of Leidos in the 3rd quarter valued at about $228,000. Toronto Dominion Bank grew its position in Leidos by 0.8% during the 3rd quarter. Toronto Dominion Bank now owns 69,676 shares of the aerospace company’s stock worth $11,357,000 after acquiring an additional 520 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Leidos in the third quarter valued at approximately $964,000. 76.12% of the stock is owned by institutional investors.

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.