Truist Financial Lowers Leidos (NYSE:LDOS) Price Target to $165.00

Leidos (NYSE:LDOS) had its price target decreased by Truist Financial from $185.00 to $165.00 in a report issued on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the aerospace company’s stock.

A number of other analysts have also recently commented on the stock. Cantor Fitzgerald started coverage on shares of Leidos in a research note on Friday, February 7th. They issued an “overweight” rating and a $185.00 target price for the company. Royal Bank of Canada lifted their target price on shares of Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their price objective on shares of Leidos from $199.00 to $197.00 and set an “overweight” rating for the company in a research note on Wednesday. TD Cowen cut shares of Leidos from a “buy” rating to a “hold” rating and decreased their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Finally, Barclays boosted their price target on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $176.27.

Leidos Trading Up 1.2 %

NYSE LDOS opened at $132.22 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The company has a market capitalization of $17.64 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66. The company’s 50-day simple moving average is $147.55 and its two-hundred day simple moving average is $157.29. Leidos has a one year low of $120.98 and a one year high of $202.90.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.37% and a return on equity of 30.31%. Equities analysts forecast that Leidos will post 10.03 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio (DPR) is currently 18.22%.

Insider Activity

In other Leidos news, Director Noel B. Geer purchased 2,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was bought at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $322,260. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares of the company’s stock, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Leidos

Several hedge funds and other institutional investors have recently bought and sold shares of LDOS. Rakuten Securities Inc. increased its holdings in Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 146 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new position in Leidos during the 4th quarter worth $25,000. Duncker Streett & Co. Inc. bought a new position in Leidos during the 4th quarter worth $27,000. Ashton Thomas Securities LLC bought a new position in Leidos during the 3rd quarter worth $29,000. Finally, Berbice Capital Management LLC acquired a new position in Leidos during the 4th quarter worth $29,000. 76.12% of the stock is owned by institutional investors and hedge funds.

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.