Leidos Holdings, Inc. (NYSE:LDOS) Director Purchases $322,260.00 in Stock

Leidos Holdings, Inc. (NYSE:LDOS) Director Noel B. Geer purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of $161.13 per share, with a total value of $322,260.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Leidos Price Performance

Shares of NYSE:LDOS opened at $165.51 on Monday. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 1.11 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a one year low of $105.52 and a one year high of $202.90. The company’s fifty day moving average price is $170.36 and its 200-day moving average price is $156.32.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the business earned $2.03 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.04 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. This is an increase from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. Leidos’s dividend payout ratio (DPR) is currently 17.31%.

Institutional Investors Weigh In On Leidos

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LDOS. Citigroup upped their target price on shares of Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. TD Cowen raised their target price on shares of Leidos from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company upped their price objective on Leidos from $183.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Truist Financial lowered their target price on Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group increased their target price on shares of Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and an average target price of $189.69.

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.