Leidos Holdings, Inc. (NYSE:LDOS – Get Free Report) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.43 per share by the aerospace company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 15th.
Leidos has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Leidos has a dividend payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Leidos to earn $12.62 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 13.6%.
Leidos Trading Down 0.5%
Shares of NYSE:LDOS traded down $0.63 during mid-day trading on Friday, reaching $128.92. The stock had a trading volume of 1,226,374 shares, compared to its average volume of 1,085,278. The firm has a 50 day simple moving average of $125.65 and a two-hundred day simple moving average of $136.33. Leidos has a twelve month low of $98.86 and a twelve month high of $205.77. The firm has a market cap of $16.18 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.13.
Insider Buying and Selling at Leidos
In related news, Director Noel Geer sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total value of $1,406,600.00. Following the completion of the transaction, the director owned 34,274 shares of the company’s stock, valued at approximately $4,820,980.84. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary May sold 1,000 shares of Leidos stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $140.85, for a total transaction of $140,850.00. Following the completion of the sale, the director owned 10,204 shares in the company, valued at $1,437,233.40. The trade was a 8.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.77% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of LDOS. Hantz Financial Services Inc. raised its position in Leidos by 94.7% during the fourth quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 72 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Leidos in the 4th quarter valued at about $28,000. Longview Financial Advisors Inc. acquired a new position in shares of Leidos during the 1st quarter worth about $26,000. Wexford Capital LP acquired a new position in shares of Leidos during the 3rd quarter worth about $32,000. Finally, DV Equities LLC bought a new stake in shares of Leidos in the 4th quarter valued at about $33,000. 76.12% of the stock is owned by institutional investors and hedge funds.
Leidos Company Profile
Leidos Holdings, Inc (NYSE: LDOS) is a technology, engineering and services company that supports government and commercial customers in the defense, intelligence, civil and health markets. The company provides mission-critical solutions involving information technology, cybersecurity, data analytics, artificial intelligence, systems integration, engineering and scientific research.
Its defense and intelligence activities include command-and-control systems, mission software, surveillance and reconnaissance solutions, logistics, aircraft and weapons systems support, and national security services.
See Also
- Five stocks we like better than Leidos
- Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
- As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
- Nasdaq’s $100 Million Kraken Bet Prepares It for a Market That Never Closes
- Copper’s Record Rally Highlights a Deeper Supply Problem
Receive News & Ratings for Leidos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos and related companies with MarketBeat.com's FREE daily email newsletter.
