A number of other research firms also recently commented on LDOS. Citigroup downgraded Leidos from a buy rating to a neutral rating and lifted their target price for the company from $75.00 to $83.00 in a research report on Tuesday, July 9th. Zacks Investment Research upgraded Leidos from a hold rating to a buy rating and set a $91.00 target price on the stock in a research report on Tuesday, September 17th. JPMorgan Chase & Co. assumed coverage on Leidos in a research report on Tuesday, September 24th. They issued a neutral rating and a $95.00 target price on the stock. Morgan Stanley lifted their target price on Leidos from $81.00 to $83.00 and gave the company an equal weight rating in a research report on Thursday, October 10th. Finally, Cowen restated a buy rating and issued a $89.00 target price on shares of Leidos in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $86.50.
NYSE LDOS traded up $1.20 on Tuesday, reaching $87.20. 947,754 shares of the company were exchanged, compared to its average volume of 1,252,618. The business’s fifty day moving average price is $83.72 and its 200 day moving average price is $80.76. The stock has a market capitalization of $11.78 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.51. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.00. Leidos has a fifty-two week low of $50.33 and a fifty-two week high of $89.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.36 dividend on an annualized basis and a yield of 1.56%. Leidos’s dividend payout ratio is currently 31.05%.
In related news, Director Gary Stephen May sold 500 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $84.57, for a total value of $42,285.00. Following the sale, the director now owns 9,166 shares in the company, valued at approximately $775,168.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.17% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. CWM LLC raised its holdings in shares of Leidos by 66.0% in the 2nd quarter. CWM LLC now owns 332 shares of the aerospace company’s stock valued at $27,000 after buying an additional 132 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Leidos during the 2nd quarter worth about $27,000. Bartlett & Co. LLC purchased a new stake in Leidos during the 3rd quarter worth about $40,000. TRUE Private Wealth Advisors purchased a new stake in Leidos during the 2nd quarter worth about $68,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Leidos during the 2nd quarter worth about $88,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.
Leidos Holdings, Inc 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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