Leidos (NYSE:LDOS) Given New $205.00 Price Target at Wells Fargo & Company

Leidos (NYSE:LDOS) had its price objective decreased by Wells Fargo & Company from $230.00 to $205.00 in a research note published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the aerospace company’s stock.

LDOS has been the topic of a number of other reports. Truist Financial dropped their price objective on shares of Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. The Goldman Sachs Group lifted their price target on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their price objective on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. TD Cowen increased their price objective on Leidos from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Barclays boosted their target price on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $187.77.

Leidos Stock Up 0.8 %

Shares of Leidos stock opened at $165.31 on Tuesday. The company has a market capitalization of $22.06 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.10 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The business has a 50-day moving average of $171.29 and a two-hundred day moving average of $156.80. Leidos has a 1 year low of $105.52 and a 1 year high of $202.90.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. Leidos’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.03 EPS. As a group, equities analysts predict that Leidos will post 10.04 EPS for the current year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. Leidos’s dividend payout ratio (DPR) is currently 18.22%.

Insider Buying and Selling

In other news, Director Surya N. Mohapatra sold 2,748 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the sale, the director now directly owns 20,001 shares of the company’s stock, valued at $3,899,594.97. This trade represents a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Noel B. Geer bought 2,000 shares of Leidos stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of $161.13 per share, with a total value of $322,260.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $322,260. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Leidos

Several hedge funds have recently added to or reduced their stakes in the business. Rakuten Securities Inc. increased its holdings in shares of Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 146 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Leidos during the 3rd quarter worth about $29,000. Northwest Investment Counselors LLC bought a new stake in shares of Leidos during the 3rd quarter worth about $30,000. 1832 Asset Management L.P. acquired a new position in Leidos in the 2nd quarter valued at about $34,000. Finally, Blue Trust Inc. raised its holdings in Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 201 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

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.