Leidos (NYSE:LDOS) Given New $175.00 Price Target at Truist Financial

Leidos (NYSE:LDOS) had its price target lifted by Truist Financial from $165.00 to $175.00 in a research note released on Thursday, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other research analysts have also recently weighed in on LDOS. Wells Fargo & Company boosted their price objective on shares of Leidos from $168.00 to $172.00 and gave the company an overweight rating in a research report on Thursday, August 1st. Stifel Nicolaus boosted their target price on shares of Leidos from $160.00 to $165.00 and gave the company a buy rating in a research note on Monday, June 24th. Bank of America boosted their target price on shares of Leidos from $160.00 to $165.00 and gave the company a buy rating in a research note on Wednesday, August 7th. TD Cowen boosted their target price on shares of Leidos from $155.00 to $166.00 and gave the company a buy rating in a research note on Wednesday, July 31st. Finally, Barclays boosted their target price on shares of Leidos from $160.00 to $165.00 and gave the company an overweight rating in a research note on Monday, August 5th. Two equities 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. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $163.08.

Leidos Trading Down 1.9 %

Shares of LDOS opened at $152.85 on Thursday. The company’s fifty day moving average is $149.72 and its 200 day moving average is $141.06. Leidos has a fifty-two week low of $89.22 and a fifty-two week high of $159.10. The stock has a market capitalization of $20.59 billion, a PE ratio of 65.88, a P/E/G ratio of 1.39 and a beta of 0.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The business had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the business posted $1.80 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Sell-side analysts expect that Leidos will post 8.95 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, September 13th. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $145.23, for a total value of $153,798.57. Following the completion of the transaction, the director now owns 7,455 shares of the company’s stock, valued at $1,082,689.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Leidos

Several institutional investors and hedge funds have recently made changes to their positions in LDOS. Norges Bank acquired a new stake in shares of Leidos during the fourth quarter worth $202,191,000. Millennium Management LLC raised its holdings in shares of Leidos by 156.5% during the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock worth $165,356,000 after purchasing an additional 691,575 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings 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 worth $62,623,000 after purchasing an additional 572,316 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Leidos by 1,184.3% during the second quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock worth $73,213,000 after purchasing an additional 462,792 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after purchasing an additional 303,775 shares during 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.