Leidos Holdings, Inc. (NYSE:LDOS) Declares Dividend Increase – $0.43 Per Share

Leidos Holdings, Inc. (NYSE:LDOS) announced a quarterly dividend on Friday, October 31st. Shareholders of record on Monday, December 15th will be given a dividend of 0.43 per share by the aerospace company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, December 15th. This is a 7.5% increase from Leidos’s previous quarterly dividend of $0.40.

Leidos has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 6 years. Leidos has a payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Leidos to earn $11.23 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 15.3%.

Leidos Price Performance

Shares of NYSE LDOS traded down $0.70 during midday trading on Friday, hitting $189.83. 1,152,307 shares of the company’s stock were exchanged, compared to its average volume of 743,718. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94. The business’s fifty day moving average price is $190.55 and its two-hundred day moving average price is $175.83. The company has a market cap of $24.27 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.40 and a beta of 0.58. Leidos has a 12-month low of $123.62 and a 12-month high of $205.77.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $0.44. Leidos had a net margin of 8.11% and a return on equity of 33.02%. The business had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.28 billion. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. As a group, research analysts forecast that Leidos will post 10.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Leidos

Institutional investors have recently bought and sold shares of the stock. First Pacific Financial bought a new position in shares of Leidos in the 2nd quarter worth about $27,000. Mather Group LLC. purchased a new stake in Leidos in the third quarter worth about $28,000. Raleigh Capital Management Inc. bought a new position in shares of Leidos during the second quarter valued at approximately $29,000. True Wealth Design LLC increased its stake in shares of Leidos by 471.4% during the second quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 165 shares in the last quarter. Finally, Wexford Capital LP purchased a new position in shares of Leidos during the third quarter valued at approximately $32,000. 76.12% of the stock is owned by institutional investors.

About Leidos

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.