Leidos (NYSE:LDOS) Shares Unloaded Rep. Gerald E. Connolly

Representative Gerald E. Connolly (D-Virginia) recently sold shares of Leidos Holdings, Inc. (NYSE:LDOS). In a filing disclosed on February 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Leidos stock on February 5th. The trade occurred in the Representative’s “TIAA JOINT” account.

Representative Gerald E. Connolly also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Dominion Energy (NYSE:D) on 2/5/2025.
• Sold $1,001 – $15,000 in shares of Science Applications International (NYSE:SAIC) on 2/5/2025.

Leidos Trading Up 1.1 %

Shares of NYSE:LDOS opened at $142.34 on Friday. The firm has a market capitalization of $18.99 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.93 and a beta of 0.66. The business’s 50 day moving average price is $150.20 and its 200-day moving average price is $157.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. Leidos Holdings, Inc. has a 1 year low of $112.53 and a 1 year high of $202.90.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. Leidos’s payout ratio is 18.22%.

Insiders Place Their Bets

In related news, Director Noel B. Geer bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $322,260. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Leidos from $205.00 to $199.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Cantor Fitzgerald initiated coverage on shares of Leidos in a report on Friday. They set an “overweight” rating and a $185.00 target price for the company. Royal Bank of Canada boosted their price target on shares of Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Truist Financial cut their price objective on shares of Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

Institutional Investors Weigh In On Leidos

A number of institutional investors have recently made changes to their positions in LDOS. State Street Corp increased its holdings in Leidos by 1.0% in the 3rd quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock valued at $945,458,000 after purchasing an additional 56,066 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after buying an additional 405,256 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Leidos by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company’s stock valued at $546,912,000 after buying an additional 42,358 shares during the period. FMR LLC lifted its stake in Leidos by 27.8% during the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock worth $392,133,000 after acquiring an additional 522,764 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Leidos by 2.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company’s stock valued at $351,007,000 after acquiring an additional 53,307 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

About Representative Connolly

Gerald Edward Connolly (Democratic Party) (also known as Gerry) is a member of the U.S. House, representing Virginia’s 11th Congressional District. He assumed office on January 3, 2009. His current term ends on January 3, 2027.

Connolly (Democratic Party) ran for re-election to the U.S. House to represent Virginia’s 11th Congressional District. He won in the general election on November 5, 2024.

Click here to see Connolly’s key votes in Congress.

Since at least 2012, Connolly was assigned to the Committee on Foreign Affairs and the Committee on Oversight and Government Reform.

From 1995 through 2008, Connolly served as a member of the Fairfax County Board of Supervisors.

Connolly was born in Boston, Massachusetts. He earned his bachelor’s from Maryknoll College in 1971 and his M.P.A. in 1971 from Harvard University. After receiving his master’s, he began working for the United States Senate Committee on Foreign Relations.[1] Prior to his election to the U.S. House, Connolly was a chair of the Board of Supervisors in Fairfax County, Va.

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.