Leidos Holdings, Inc. (NYSE:LDOS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Leidos Holdings, Inc. (NYSE:LDOSGet Rating) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $112.13.

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Leidos from $109.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 3rd. Morgan Stanley increased their target price on shares of Leidos from $107.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 3rd. Royal Bank of Canada assumed coverage on shares of Leidos in a research report on Monday, August 29th. They issued a “sector perform” rating and a $106.00 target price for the company. Finally, Barclays cut shares of Leidos from an “overweight” rating to an “equal weight” rating and set a $105.00 target price for the company. in a research report on Tuesday, June 7th.

Insiders Place Their Bets

In other Leidos news, Director Surya N. Mohapatra sold 3,155 shares of the stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $101.52, for a total transaction of $320,295.60. Following the completion of the transaction, the director now owns 17,515 shares of the company’s stock, valued at $1,778,122.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Commerce Bank boosted its stake in Leidos by 4.6% during the first quarter. Commerce Bank now owns 4,903 shares of the aerospace company’s stock worth $530,000 after buying an additional 215 shares during the period. Vestmark Advisory Solutions Inc. purchased a new position in Leidos during the first quarter worth about $236,000. Advisor Group Holdings Inc. boosted its stake in shares of Leidos by 3.1% in the first quarter. Advisor Group Holdings Inc. now owns 17,833 shares of the aerospace company’s stock valued at $1,859,000 after purchasing an additional 533 shares during the period. Legal & General Group Plc boosted its stake in shares of Leidos by 4.2% in the fourth quarter. Legal & General Group Plc now owns 1,313,033 shares of the aerospace company’s stock valued at $116,728,000 after purchasing an additional 52,983 shares during the period. Finally, Busey Wealth Management boosted its stake in shares of Leidos by 5.2% in the first quarter. Busey Wealth Management now owns 56,014 shares of the aerospace company’s stock valued at $6,051,000 after purchasing an additional 2,750 shares during the period. Hedge funds and other institutional investors own 76.23% of the company’s stock.

Leidos Stock Performance

NYSE:LDOS opened at $91.84 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.83 and a current ratio of 0.90. The company has a fifty day moving average of $98.52 and a two-hundred day moving average of $101.95. The stock has a market capitalization of $12.54 billion, a PE ratio of 17.83, a P/E/G ratio of 2.12 and a beta of 0.75. Leidos has a fifty-two week low of $81.07 and a fifty-two week high of $111.12.

Leidos (NYSE:LDOSGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The aerospace company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.04. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Leidos had a net margin of 5.15% and a return on equity of 22.18%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. As a group, research analysts forecast that Leidos will post 6.35 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, September 14th. Leidos’s dividend payout ratio (DPR) is presently 27.96%.

Leidos Company Profile

(Get Rating)

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. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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Analyst Recommendations for Leidos (NYSE:LDOS)

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