Leidos Holdings, Inc. (NYSE:LDOS) Plans $0.38 Quarterly Dividend

Leidos Holdings, Inc. (NYSE:LDOS - Get Free Report) announced a quarterly dividend on Monday, April 29th, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.38 per share by the aerospace company on Friday, June 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, June 14th.

Leidos has increased its dividend payment by an average of 2.4% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Leidos has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Leidos to earn $8.46 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 18.0%.

Leidos Trading Up 1.0 %

Shares of Leidos stock traded up $1.26 on Monday, reaching $131.62. The company had a trading volume of 1,277,525 shares, compared to its average volume of 832,418. Leidos has a 52-week low of $76.58 and a 52-week high of $132.34. The firm's 50 day moving average price is $127.74 and its two-hundred day moving average price is $114.22. The firm has a market cap of $17.79 billion, a PE ratio of 92.69, a PEG ratio of 1.80 and a beta of 0.70. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.24 and a current ratio of 1.34.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.25. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the firm earned $1.83 EPS. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts predict that Leidos will post 7.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LDOS has been the subject of several recent analyst reports. StockNews.com cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Friday. Royal Bank of Canada lifted their target price on shares of Leidos from $105.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 14th. Truist Financial lifted their target price on shares of Leidos from $135.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, April 9th. Bank of America lifted their price target on shares of Leidos from $125.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, March 27th. Finally, Robert W. Baird lifted their price target on shares of Leidos from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Leidos presently has an average rating of "Moderate Buy" and an average target price of $132.42.

Insider Transactions at Leidos

In other Leidos news, Director Gary Stephen May sold 2,745 shares of Leidos stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total transaction of $341,725.05. Following the completion of the transaction, the director now directly owns 11,352 shares of the company's stock, valued at $1,413,210.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director David G. Fubini sold 7,874 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares of the company's stock, valued at approximately $1,879,471.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 2,745 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Leidos Company Profile

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.