Leidos (NYSE:LDOS) Price Target Raised to $165.00

Leidos (NYSE:LDOS) had its price target hoisted by Barclays from $160.00 to $165.00 in a report published on Monday morning, Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

Several other research firms have also recently issued reports on LDOS. Truist Financial restated a buy rating and set a $165.00 price objective (up previously from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Royal Bank of Canada lifted their price target on Leidos from $140.00 to $145.00 and gave the company a sector perform rating in a report on Wednesday, July 31st. TD Cowen increased their price objective on shares of Leidos from $155.00 to $166.00 and gave the stock a buy rating in a report on Wednesday, July 31st. Robert W. Baird boosted their target price on shares of Leidos from $145.00 to $180.00 and gave the company an outperform rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Company upped their price target on shares of Leidos from $168.00 to $172.00 and gave the stock an overweight rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $162.25.

Leidos Trading Up 0.8 %

Leidos stock opened at $144.38 on Monday. The stock has a 50-day moving average price of $146.81 and a 200 day moving average price of $135.39. Leidos has a 52 week low of $89.22 and a 52 week high of $155.45. The stock has a market cap of $19.52 billion, a PE ratio of 62.23, a P/E/G ratio of 1.48 and a beta of 0.68. The company has a current ratio of 1.21, a quick ratio of 1.24 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 earnings per share. Equities research analysts predict that Leidos will post 8.9 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, September 13th. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Insiders Place Their Bets

In related news, CEO Thomas Arthur Bell bought 1,712 shares of the stock in a transaction dated Thursday, August 1st. The stock was acquired at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the purchase, the chief executive officer now owns 22,398 shares in the company, valued at $3,248,605.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’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 transaction, the director now owns 7,455 shares in the company, valued at approximately $1,082,689.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Arthur Bell acquired 1,712 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average cost of $145.04 per share, with a total value of $248,308.48. Following the completion of the transaction, the chief executive officer now owns 22,398 shares in the company, valued at $3,248,605.92. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LDOS. Lindbrook Capital LLC raised its position in shares of Leidos by 209.0% in the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 186 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in Leidos during the 4th quarter worth $35,000. Tidemark LLC bought a new stake in shares of Leidos in the 4th quarter worth about $41,000. Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 201 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of Leidos in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors 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.