Leidos Holdings, Inc. (NYSE:LDOS) to Issue $0.40 Quarterly Dividend

Leidos Holdings, Inc. (NYSE:LDOS) announced a quarterly dividend on Friday, February 7th,RTT News reports. Investors of record on Friday, March 14th will be paid a dividend of 0.40 per share by the aerospace company on Friday, March 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%.

Leidos has raised its dividend payment by an average of 3.2% per year over the last three years. Leidos has a dividend payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Leidos to earn $10.29 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 15.5%.

Leidos Price Performance

Shares of LDOS stock opened at $142.34 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The company has a market capitalization of $18.99 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66. The firm’s 50-day moving average is $149.74 and its two-hundred day moving average is $157.71. Leidos has a 12 month low of $112.53 and a 12 month high of $202.90.

Insider Activity at Leidos

In other news, Director Noel B. Geer acquired 2,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $161.13 per share, with a total value of $322,260.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $322,260. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Truist Financial decreased their price objective on Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Citigroup upped their price target on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Cantor Fitzgerald assumed coverage on Leidos in a research report on Friday. They set an “overweight” rating and a $185.00 price objective for the company. Robert W. Baird upped their target price on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their price target on shares of Leidos from $205.00 to $199.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $179.47.

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.