Leidos Holdings Inc (NYSE:LDOS) announced a quarterly dividend on Friday, July 31st, RTT News reports. Investors of record on Tuesday, September 15th will be paid a dividend of 0.34 per share by the aerospace company on Wednesday, September 30th. This represents a $1.36 dividend on an annualized basis and a yield of 1.43%.
Leidos has increased its dividend payment by an average of 3.1% per year over the last three years and has increased its dividend every year for the last 1 years. Leidos has a payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Leidos to earn $6.28 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 21.7%.
Shares of Leidos stock opened at $95.16 on Friday. The business’s fifty day simple moving average is $92.18 and its 200 day simple moving average is $98.26. The firm has a market capitalization of $13.12 billion, a P/E ratio of 17.69, a price-to-earnings-growth ratio of 1.64 and a beta of 1.13. Leidos has a 12 month low of $68.00 and a 12 month high of $125.84. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.88.
Several brokerages have issued reports on LDOS. Credit Suisse Group began coverage on Leidos in a research note on Thursday, May 7th. They issued an “outperform” rating and a $133.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Leidos from $99.00 to $113.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Robert W. Baird began coverage on Leidos in a research note on Wednesday, June 10th. They issued an “outperform” rating and a $140.00 target price on the stock. ValuEngine lowered Leidos from a “hold” rating to a “sell” rating in a research note on Thursday, July 2nd. Finally, Jefferies Financial Group lowered their target price on Leidos from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Leidos presently has a consensus rating of “Buy” and an average price target of $115.31.
In other news, Director Gary Stephen May sold 600 shares of Leidos stock in a transaction on Monday, May 11th. The stock was sold at an average price of $102.27, for a total value of $61,362.00. Following the completion of the transaction, the director now directly owns 9,613 shares in the company, valued at $983,121.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Roy E. Stevens sold 2,801 shares of Leidos stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $101.23, for a total value of $283,545.23. Following the completion of the transaction, the insider now owns 25,420 shares of the company’s stock, valued at $2,573,266.60. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by insiders.
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.
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