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

Leidos Holdings, Inc. (NYSE:LDOS) Director Noel B. Geer bought 2,000 shares of the stock in a transaction 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 acquisition, the director now owns 2,000 shares in the company, valued at $322,260. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Leidos Trading Up 0.5 %

Shares of NYSE:LDOS opened at $165.51 on Monday. The stock has a market capitalization of $22.08 billion, a PE ratio of 18.85, a price-to-earnings-growth 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 50-day moving average price is $170.36 and its two-hundred day moving average price is $156.32.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 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 business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the firm posted $2.03 EPS. Leidos’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.04 EPS 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 annualized dividend and a yield of 0.97%. Leidos’s payout ratio is presently 17.31%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LDOS shares. Robert W. Baird lifted their target price on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Bank of America upped their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Wells Fargo & Company raised their price target on shares of Leidos from $183.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Citigroup boosted their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Truist Financial lowered their price objective on shares of Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $189.69.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LDOS. State Street Corp raised its position in shares of Leidos by 1.0% in the 3rd quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock worth $945,458,000 after acquiring an additional 56,066 shares in the last quarter. Boston Partners boosted its position in Leidos by 5.8% in the first quarter. Boston Partners now owns 3,430,264 shares of the aerospace company’s stock worth $449,592,000 after purchasing an additional 188,458 shares during the last quarter. Geode Capital Management LLC grew its position in Leidos by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company’s stock valued at $546,912,000 after buying an additional 42,358 shares during the period. FMR LLC raised its holdings in shares of Leidos by 27.8% in the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock worth $392,133,000 after purchasing an additional 522,764 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Leidos by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company’s stock valued at $351,007,000 after buying an additional 53,307 shares during the period. Institutional investors own 76.12% of the company’s stock.

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.