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

Leidos (NYSE:LDOS) had its target price boosted by Barclays from $145.00 to $160.00 in a research note issued to investors on Monday, Benzinga reports. Barclays currently has an overweight rating on the aerospace company’s stock.

Other equities research analysts have also recently issued reports about the company. Bank of America lifted their target price on Leidos from $125.00 to $145.00 and gave the stock a buy rating in a report on Wednesday, March 27th. Robert W. Baird raised their target price on shares of Leidos from $145.00 to $180.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Jefferies Financial Group upped their price target on shares of Leidos from $130.00 to $135.00 and gave the company a hold rating in a report on Wednesday, April 10th. Stifel Nicolaus boosted their target price on Leidos from $138.00 to $160.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Finally, StockNews.com raised Leidos from a buy rating to a strong-buy rating in a research note on Saturday, May 4th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $145.67.

Leidos Trading Up 1.9 %

LDOS stock opened at $145.50 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24. Leidos has a 1-year low of $76.58 and a 1-year high of $145.50. The business has a 50 day simple moving average of $130.16 and a two-hundred day simple moving average of $116.43. The company has a market capitalization of $19.67 billion, a price-to-earnings ratio of 62.72, a PEG ratio of 1.82 and a beta of 0.66.

Leidos (NYSE:LDOS) last issued 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. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.82 billion. Leidos had a net margin of 2.04% and a return on equity of 25.66%. Leidos’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 earnings per share. Research analysts anticipate that Leidos will post 8.36 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be issued a $0.38 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.04%. Leidos’s payout ratio is currently 65.52%.

Insider Transactions at Leidos

In other Leidos 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 completion of the sale, the director now owns 14,696 shares in the company, valued at $1,879,471.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Gary Stephen May sold 2,745 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the sale, the director now directly owns 11,352 shares in the company, valued at approximately $1,413,210.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

Institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Leidos during the 4th quarter valued at $202,191,000. Pzena Investment Management LLC boosted its holdings in Leidos by 320.1% in the third quarter. Pzena Investment Management LLC now owns 1,246,768 shares of the aerospace company’s stock worth $114,902,000 after acquiring an additional 949,955 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in Leidos by 9,164.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 578,561 shares of the aerospace company’s stock worth $62,623,000 after acquiring an additional 572,316 shares in the last quarter. FMR LLC grew its stake in shares of Leidos by 36.1% during the third quarter. FMR LLC now owns 1,808,666 shares of the aerospace company’s stock worth $166,687,000 after acquiring an additional 479,906 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Leidos by 6.2% during the third quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company’s stock valued at $429,501,000 after acquiring an additional 272,090 shares in the last quarter. 76.12% of the stock is currently 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.