Leidos (NYSE:LDOS) PT Raised to $150.00

Leidos (NYSE:LDOS) had its price target raised by Truist Financial from $135.00 to $150.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price target indicates a potential upside of 18.88% from the company’s current price.

A number of other brokerages also recently commented on LDOS. Barclays upgraded shares of Leidos from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Wells Fargo & Company upped their price objective on shares of Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Bank of America increased their price target on shares of Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Robert W. Baird increased their price target on shares of Leidos from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Finally, TheStreet upgraded shares of Leidos from a “c” rating to a “b” rating in a report on Tuesday, February 13th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Leidos has an average rating of “Moderate Buy” and an average target price of $132.42.

Leidos Stock Down 0.7 %

Shares of NYSE:LDOS opened at $126.18 on Tuesday. The stock has a market cap of $17.05 billion, a P/E ratio of 88.86, a P/E/G ratio of 1.79 and a beta of 0.70. The firm has a fifty day moving average price of $124.97 and a 200 day moving average price of $110.94. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.34 and a quick ratio of 1.24. Leidos has a 1-year low of $76.58 and a 1-year 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 for the quarter, topping analysts’ consensus estimates of $1.74 by $0.25. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Leidos had a net margin of 1.29% and a return on equity of 22.92%. Leidos’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 EPS. Sell-side analysts predict that Leidos will post 7.76 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Leidos during the fourth quarter valued at approximately $202,191,000. BlackRock Inc. raised its stake in shares of Leidos by 10.9% during the first quarter. BlackRock Inc. now owns 15,010,106 shares of the aerospace company’s stock valued at $1,381,830,000 after purchasing an additional 1,475,772 shares during the period. Pzena Investment Management LLC raised its stake in shares of Leidos by 320.1% during the third quarter. Pzena Investment Management LLC now owns 1,246,768 shares of the aerospace company’s stock valued at $114,902,000 after purchasing an additional 949,955 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of Leidos by 9,164.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 578,561 shares of the aerospace company’s stock valued at $62,623,000 after purchasing an additional 572,316 shares during the period. Finally, FMR LLC increased its stake in shares of Leidos by 36.1% in the third quarter. FMR LLC now owns 1,808,666 shares of the aerospace company’s stock worth $166,687,000 after buying an additional 479,906 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

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.