Leidos (NYSE:LDOS) Given New $135.00 Price Target at Jefferies Financial Group

Leidos (NYSE:LDOS) had its price objective lifted by Jefferies Financial Group from $130.00 to $135.00 in a research note released on Wednesday, Benzinga reports. The firm currently has a hold rating on the aerospace company’s stock.

Other analysts also recently issued reports about the stock. Argus increased their price target on shares of Leidos from $120.00 to $145.00 and gave the company a buy rating in a research report on Wednesday, March 20th. Barclays raised Leidos from an equal weight rating to an overweight rating in a research note on Friday, January 5th. Robert W. Baird raised their price target on shares of Leidos from $133.00 to $145.00 and gave the stock an outperform rating in a research note on Wednesday, February 14th. Wells Fargo & Company raised their price target on shares of Leidos from $137.00 to $147.00 and gave the stock an overweight rating in a research note on Thursday, April 4th. Finally, Royal Bank of Canada raised their price target on shares of Leidos from $105.00 to $120.00 and gave the stock a sector perform rating in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Leidos has an average rating of Moderate Buy and a consensus price target of $132.42.

Leidos Stock Down 0.7 %

Shares of NYSE LDOS opened at $126.18 on Wednesday. The firm’s 50-day simple moving average is $124.97 and its 200 day simple moving average is $110.94. The company has a market cap of $17.05 billion, a price-to-earnings ratio of 88.86, a price-to-earnings-growth ratio of 1.79 and a beta of 0.70. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.10. Leidos has a 12-month low of $76.58 and a 12-month high of $131.50.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.25. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.81 billion. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 EPS. On average, research analysts expect that Leidos will post 7.76 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.20%. Leidos’s dividend payout ratio is 107.04%.

Insider Activity at Leidos

In other news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director David G. Fubini sold 7,874 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary Stephen May sold 2,745 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Leidos

A number of hedge funds have recently made changes to their positions in LDOS. KB Financial Partners LLC bought a new stake in shares of Leidos in the 1st quarter valued at approximately $25,000. Chilton Capital Management LLC acquired a new stake in shares of Leidos in the 1st quarter worth $27,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Leidos during the 4th quarter worth about $28,000. Money Concepts Capital Corp raised its stake in shares of Leidos by 548.8% during the 4th quarter. Money Concepts Capital Corp now owns 266 shares of the aerospace company’s stock valued at $28,000 after buying an additional 225 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Leidos during the 3rd quarter valued at about $30,000. Institutional investors own 76.12% of the company’s stock.

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.