In a recent transaction, David G. Fubini, a director at Leidos Holdings , Inc. (NYSE:LDOS), sold 7,874 shares of the company's common stock, resulting in a total sale value of over $1 million. The shares were sold at a weighted average price of $127.89, with individual transactions ranging from $127.81 to $127.98.
The sale occurred on March 13, 2024, and was disclosed in a regulatory filing with the Securities and Exchange Commission. Following the transaction, Fubini's remaining ownership in Leidos Holdings stands at 14,695.8435 shares of common stock.
Leidos Holdings, Inc., based in Reston, Virginia, operates in the computer integrated systems design industry and is known for providing scientific, engineering, systems integration, and technical services.
Investors often monitor insider transactions as they can provide insights into how executives and directors view the company's stock value and future performance. However, such sales can also reflect personal financial management decisions rather than a commentary on the company's health.
The transaction details, including the specific number of shares sold at each price within the reported range, are available upon request from Leidos Holdings, Inc., its security holders, or the SEC staff, as indicated by the footnotes in the filing.
Leidos Holdings, Inc. has a history dating back to its former name, SAIC, Inc., and continues to be a significant player in its industry. As of the date of the transaction, the company's business address is 1750 Presidents Street, Reston, VA, 20190, and it can be contacted at 571-526-6000.
InvestingPro Insights
Amid the insider transaction at Leidos Holdings, Inc. (NYSE:LDOS), data from InvestingPro provides additional context for investors considering the company's stock. Leidos, with a market capitalization of $17.21 billion, has shown a commitment to shareholder returns, having raised its dividend for 5 consecutive years and maintained dividend payments for 13 consecutive years. This consistency is a positive signal for investors looking for stable dividend-paying stocks.
InvestingPro data also indicates that Leidos is trading at a high Price/Earnings (P/E) ratio of 24.87 based on the last twelve months as of Q4 2023, which is above the industry average, suggesting a premium valuation. Additionally, the stock is trading near its 52-week high, with a price percentage of 98.01% of the peak, reflecting strong market confidence or potential overvaluation.
For investors interested in the company's performance metrics, Leidos has experienced revenue growth of 7.24% over the last twelve months as of Q4 2023, showing a healthy increase in sales. However, the company's gross profit margins are considered weak at 14.54%, which may raise concerns about cost management or pricing power within its industry.
While the recent insider sale by director David G. Fubini may not necessarily indicate a negative outlook, it's worth noting that InvestingPro Tips suggest a mixed view from analysts, with 9 having revised their earnings expectations downwards for the upcoming period. For those seeking further analysis and insights, there are additional InvestingPro Tips available, which can be found at: https://www.investing.com/pro/LDOS. By using the coupon code PRONEWS24, readers can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription to gain access to these valuable insights.
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