Leidos (NYSE:LDOS) Shares Gap Up – What’s Next?

Leidos Holdings, Inc. (NYSE:LDOSGet Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $126.82, but opened at $131.26. Leidos shares last traded at $128.19, with a volume of 294,577 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on LDOS shares. The Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating and cut their price target for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Robert W. Baird boosted their price objective on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. UBS Group cut their price objective on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada boosted their price objective on shares of Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Citigroup boosted their price objective on shares of Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $176.27.

Check Out Our Latest Report on LDOS

Leidos Stock Performance

The stock has a market capitalization of $16.79 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 1.65 and a beta of 0.66. The company’s fifty day simple moving average is $144.36 and its 200 day simple moving average is $156.84. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOSGet Free Report) last released its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. On average, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. Leidos’s dividend payout ratio is currently 17.32%.

Insider Buying and Selling at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s 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 transaction, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

Institutional investors and hedge funds have recently bought and sold shares of the company. Foundations Investment Advisors LLC lifted its holdings in shares of Leidos by 6.3% in the third quarter. Foundations Investment Advisors LLC now owns 1,679 shares of the aerospace company’s stock worth $274,000 after acquiring an additional 99 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Leidos by 24,194.3% in the third quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock worth $61,459,000 after acquiring an additional 375,495 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Leidos by 12.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,879 shares of the aerospace company’s stock worth $795,000 after acquiring an additional 524 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Leidos by 14.5% in the third quarter. Assenagon Asset Management S.A. now owns 4,980 shares of the aerospace company’s stock worth $812,000 after acquiring an additional 632 shares during the last quarter. Finally, Dakota Wealth Management bought a new position in shares of Leidos in the third quarter worth about $239,000. Institutional investors own 76.12% of the company’s stock.

Leidos Company Profile

(Get Free Report)

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.

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