Director of Leidos Holdings, Inc. (NYSE:LDOS) Gary Stephen May sells 1,000 shares

VaselineAugust 15, 2024

0 3 minutes read

Leidos Holdings, Inc. (NYSE:LDOS – Get Your Free Report ) Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The sale was disclosed in a filing with the SEC, which is accessible via this hyperlink.

Leidos price performance

NYSE:LDOS opened at $147.34 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.21, and a debt-to-equity ratio of 0.91. The company has a market cap of $19.92 billion, a P/E ratio of 63.51, a P/E/G ratio of 1.28 and a beta of 0.68. Leidos Holdings, Inc. it has a 52-week low of $89.22 and a 52-week high of $155.45. The stock’s fifty day moving average is $146.77, and the two hundred day moving average is $136.52.

Leidos (NYSE:LDOS – Get Free Report ) last announced its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. The firm had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. Leidos’s quarterly revenue was up 7.7% year over year. In the same quarter last year, the firm earned $1.80 EPS. Equities analysts expect that Leidos Holdings, Inc. to post 8.97 EPS for the current year.

Leidos announces dividend

Want more great investment ideas?

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.38 per share. This represents an annualized dividend of $1.52 and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, September 13. Leidos’s dividend payout ratio is currently 65.52%.

Analysts on Wall Street are forecasting an increase

A number of research firms have commented on LDOS. Barclays boosted their target price on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Leidos from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Truist Financial restated a “buy” rating and issued a $165.00 price objective (up from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Citigroup boosted their price objective on shares of Leidos from $165.00 to $169.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada raised their target price on shares of Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Wednesday, 31 July. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Leidos currently has a consensus rating of “Moderate Buy” and an average target price of $162.25, based on data from MarketBeat.com.

Check out our latest report on Leidos

Institutional investors are weighing in on Leidos

Several hedge funds have recently made changes to their positions in LDOS. Franklin Resources Inc. raised its stake in shares of Leidos by 18.3% during the 4th quarter. Franklin Resources Inc. now owns 74,671 shares of the aerospace company’s stock worth $8,082,000 after buying an additional 11,576 shares in the last quarter. Twin Tree Management LP bought a new position in shares of Leidos in the first quarter valued at $2,512,000. Leeward Investments LLC MA boosted its holdings in Leidos by 4.9% in the first quarter. Leeward Investments LLC MA now owns 166,069 shares of the aerospace company’s stock worth $21,770,000 after buying an additional 7,703 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of Leidos in the first quarter valued at approximately $1,900,000. Finally, Advisors Asset Management Inc. lifted its position in Leidos by 97.2% in the first quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock valued at $1,692,000 after buying an additional 6,360 shares during the last quarter. Institutional investors own 76.12% of the company’s shares.

About Leidos

(Get a free report)

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil and healthcare markets in the United States and internationally. The company operates through the defense, civil and healthcare solutions segments. The Defense Solutions segment provides air, land, sea, space and cyber homeland security solutions and systems for the U.S.