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 stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now directly owns 20,001 shares of the company’s stock, valued at $3,899,594.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Leidos Trading Down 3.4 %

LDOS opened at $194.40 on Thursday. Leidos Holdings, Inc. has a one year low of $103.82 and a one year high of $202.90. 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 stock has a market cap of $25.94 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 1.35 and a beta of 0.68. The stock’s 50 day moving average price is $168.38 and its 200-day moving average price is $154.88.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.03 earnings per share. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.07 EPS for the current year.

Leidos Increases Dividend

The business also recently disclosed 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 represents a $1.60 annualized dividend and a yield of 0.82%. This is a boost from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. Leidos’s payout ratio is 17.31%.

Hedge Funds Weigh In On Leidos

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LDOS. Wells Fargo & Company increased their price target on Leidos from $183.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their target price on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Truist Financial raised their target price on shares of Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price target 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. Finally, Barclays lifted their price objective on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and a consensus price target of $191.23.

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.