Leidos (NYSE:LDOS) Price Target Raised to $160.00

Leidos (NYSE:LDOS) had its price objective hoisted by Stifel Nicolaus from $138.00 to $160.00 in a research report report published on Wednesday, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other research analysts have also commented on LDOS. Truist Financial reaffirmed a buy rating and issued a $165.00 price objective (up from $150.00) on shares of Leidos in a report on Wednesday. StockNews.com lowered Leidos from a strong-buy rating to a buy rating in a report on Friday, April 26th. Bank of America upped their price objective on Leidos from $125.00 to $145.00 and gave the company a buy rating in a report on Wednesday, March 27th. Barclays raised Leidos from an equal weight rating to an overweight rating in a report on Friday, January 5th. Finally, TheStreet raised 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, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $141.17.

Leidos Stock Down 0.7 %

LDOS stock opened at $141.65 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $19.15 billion, a PE ratio of 61.06, a PEG ratio of 1.83 and a beta of 0.66. Leidos has a 1-year low of $76.58 and a 1-year high of $143.35. The business’s 50 day simple moving average is $128.80 and its 200 day simple moving average is $114.92.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the firm earned $1.47 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that Leidos will post 8.36 EPS for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.07%. Leidos’s dividend payout ratio is currently 65.52%.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 2,745 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total transaction of $341,725.05. Following the completion of the sale, the director now directly owns 11,352 shares in the company, valued at approximately $1,413,210.48. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Gary Stephen May sold 2,745 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total transaction of $341,725.05. Following the completion of the sale, the director now directly owns 11,352 shares in the company, valued at approximately $1,413,210.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $1,007,005.86. Following the sale, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Leidos

Several large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in Leidos by 15.7% in the first quarter. Geneos Wealth Management Inc. now owns 9,188 shares of the aerospace company’s stock valued at $1,204,000 after purchasing an additional 1,249 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in Leidos by 292.2% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,758 shares of the aerospace company’s stock valued at $1,279,000 after purchasing an additional 7,270 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Leidos by 7.5% in the first quarter. Mutual of America Capital Management LLC now owns 22,225 shares of the aerospace company’s stock valued at $2,913,000 after purchasing an additional 1,545 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Leidos by 6.9% in the first quarter. Daiwa Securities Group Inc. now owns 13,108 shares of the aerospace company’s stock valued at $1,718,000 after purchasing an additional 842 shares during the last quarter. Finally, Vantage Financial Partners LLC bought a new position in Leidos in the first quarter valued at about $265,000. 76.12% of the stock is currently owned by institutional investors.

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.