Leidos (NYSE:LDOS) Sets New 12-Month High – Here’s What Happened

Leidos Holdings, Inc. (NYSE:LDOS) shares hit a new 52-week high during trading on Monday . The company traded as high as $170.15 and last traded at $169.74, with a volume of 40791 shares. The stock had previously closed at $169.52.

Analysts Set New Price Targets

Several research analysts recently weighed in on LDOS shares. TD Cowen lifted their price target on Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Citigroup boosted their price objective on Leidos from $169.00 to $194.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Truist Financial lifted their price target on Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Barclays increased their price objective on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus lifted their target price on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Two research 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $166.92.

Leidos Stock Down 0.2 %

The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $22.87 billion, a PE ratio of 73.07, a price-to-earnings-growth ratio of 1.51 and a beta of 0.70. The firm has a 50-day moving average of $157.88 and a two-hundred day moving average of $148.15.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the business posted $1.80 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that Leidos Holdings, Inc. will post 8.95 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.38 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.90%. Leidos’s dividend payout ratio is currently 65.52%.

Insider Activity at Leidos

In other Leidos news, Director Gary Stephen May sold 1,000 shares of the company’s 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 transaction, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were 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 approximately $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Arthur Bell acquired 1,712 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $145.04 per share, with a total value of $248,308.48. Following the acquisition, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 1832 Asset Management L.P. acquired a new stake in Leidos in the 2nd quarter valued at about $34,000. Blue Trust Inc. grew its holdings in Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 201 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Leidos in the 3rd quarter valued at approximately $46,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Leidos by 122.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 169 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Leidos during the 2nd quarter worth $60,000. 76.12% of the stock is currently owned by hedge funds and other 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.