On Wednesday, November 23, Roger A. Krone, the Chief Executive Officer of Leidos Holdings, Inc. (NYSE: LDOS), sold 13,239 shares of the company’s stock. At an average price of $107.08 per share, the shares were able to be sold for a total of $1,417,632.12 in revenue. As a result of the transaction, the Chief Executive Officer now has direct ownership of 219,246 shares of the company’s stock, which have a value of $23,476,861.68. The transaction was made public by a legal file submitted to the Securities and Exchange Commission (SEC), which may be located on the SEC’s website.
Leidos (NYSE: LDOS) disclosed the results of its most recent quarterly financial report on November 1, a Tuesday. The aerospace firm announced earnings per share for the quarter of $1.59, which was $0.03 more than the consensus forecast of $1.56 among analysts. When compared to the consensus estimate of $3.54 billion among market experts, the company’s quarterly sales came in at $3.61 billion. The net margin for Leidos was 4.81%, and the company had a return on equity of 21.30%. According to estimates from sell-side analysts, Leidos Holdings, Inc. will generate $6.36 per share in the current fiscal year.
In addition, the company has decided to start paying a quarterly dividend, which will be distributed on the 30th of this month. On December 15, a $0.36 dividend payment will be sent to ” recorded shareholders.” The date that constitutes the ex-dividend date for this dividend is December 14. This results in a dividend payment of $1.44 on an annualized basis and a yield of 1.34% on the stock. The percentage of net income distributed as dividends by Leidos is 29.45%.
During noon trading on Wednesday, the price of Leidos stock increased by $0.06 to $107.53, and a total of 785,297 shares were traded, compared to an average volume of 867,100 shares. The price of a share of Leidos Holdings, Inc. has been as low as $81.07 and as high as $111.12 during the past year. The company now has a simple moving average for the past 50 days of $96.91, and the simple moving average for the past 200 days is $99.07. The debt-to-equity ratio is currently at 0.96, the quick ratio is currently at 0.86, and the current ratio is currently at 0.93. The business has a market capitalization of $14.70 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-to-growth ratio of 2.45, and a beta value of 0.79.
On LDOS, several different investigations have been carried out. StockNews.com raised its previous recommendation of “buy” for Leidos Corporation to “strong-buy” status in a report published on November 8. Morgan Stanley increased their target price on Leidos from $107.00 to $110.00 and gave the stock an “equal weight” rating in a report published on Wednesday, August 3. The price objective that Wells Fargo & Company has set for Leidos has increased from $105.00 to $114.00 due to a research report published on Tuesday, November 8. Last but not least, in a research study on November 2, the Royal Bank of Canada increased its price target on Leidos from $100.00 to $105.00 and rated the stock as “sector perform.” There are a total of six analysts who recommend holding onto the stock, three who recommend buying it, and one who recommends buying it strongly. Bloomberg reports that the current average rating for Leidos is “Moderate Buy,” and the company has a price objective of $112.29 per share.
Hedge funds have recently been active in the company’s stock market, buying and selling shares. During the first three months of 2018, Commerce Bank raised its holdings in Leidos by 4.6%. Commerce Bank now owns 4,903 shares of the aerospace company’s stock, valued at $530,000, after making a new purchase of 215 shares during the most recent quarter. Advisor Group Holdings Inc. boosted its holdings in Leidos by 3.1% during the first quarter of the fiscal year. Advisor Group Holdings Inc. owns 17,833 shares of the aerospace company’s stock after purchasing an additional 533 shares during the most recent quarter. The value of these shares is currently $1,859,000. In the second quarter, M&T Bank Corp. boosted the percentage of Leidos stock owned by 17.9%. After making a new purchase of 2,036 shares during the most recent quarter, M&T Bank Corp. now has a total of 13,409 shares of the aerospace company, which are currently valued at $1,345,000. The Teacher Retirement System of Texas grew its position in Leidos by 7.0% during the first quarter of this fiscal year. The Teacher Retirement System of Texas now owns 27,733 shares of the aerospace company after making an additional purchase of 1,815 shares during the most recent quarter. The current value of the Teacher Retirement System of Texas’s stake in the company is $2,996,000. Finally, during the second quarter, Private Advisor Group LLC grew its stake in Leidos by 2.3%. Private Advisor Group LLC increased its stake in the aerospace firm by 152 shares during the most recent quarter, bringing its total number of shares owned in the company to 6,785, with a value of $683,000. Now, hedge funds and other institutional investors own 76.23% of the company’s stock.