Robert C. Kovarik, Jr. Sells 1,047 Shares of Leidos Holdings, Inc. (NYSE:LDOS) Stock

Leidos Holdings, Inc. (NYSE:LDOS) Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the transaction, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Leidos Trading Down 0.1 %

NYSE LDOS opened at $182.97 on Friday. The company has a market cap of $24.41 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.45 and a beta of 0.68. Leidos Holdings, Inc. has a twelve month low of $100.17 and a twelve month high of $188.36. The company has a quick ratio of 1.11, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The business’s fifty day moving average is $163.05 and its 200 day moving average is $151.37.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period last year, the firm posted $2.03 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Leidos Holdings, Inc. will post 10.07 EPS for the current fiscal 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 given a $0.40 dividend. This is a boost from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Friday, December 13th. Leidos’s dividend payout ratio is 17.31%.

Hedge Funds Weigh In On Leidos

Hedge funds have recently modified their holdings of the business. Ballentine Partners LLC raised its position in Leidos by 3.5% during the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock worth $297,000 after purchasing an additional 62 shares during the last quarter. Key Financial Inc increased its stake in shares of Leidos by 6.5% in the second quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock valued at $166,000 after buying an additional 70 shares during the period. Asahi Life Asset Management CO. LTD. raised its position in shares of Leidos by 3.2% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock worth $372,000 after acquiring an additional 70 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Leidos by 2.9% in the first quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock worth $350,000 after acquiring an additional 76 shares during the period. Finally, Somerset Trust Co increased its position in Leidos by 3.5% during the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LDOS. Citigroup raised their price objective on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group boosted their price target on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their target price on shares of Leidos from $183.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday. Two 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $187.77.

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.