Leidos (NYSE:LDOS) Price Target Raised to $220.00 at Citigroup

Leidos (NYSE:LDOS) had its target price increased by Citigroup from $194.00 to $220.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

LDOS has been the topic of several other reports. Wells Fargo & Company boosted their price target on Leidos from $183.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday. Bank of America upped their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Truist Financial upped their price objective on Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird upped their price objective on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

Leidos Trading Down 0.1 %

Shares of LDOS opened at $185.71 on Wednesday. Leidos has a 12-month low of $94.57 and a 12-month high of $188.36. 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 firm has a market capitalization of $25.02 billion, a price-to-earnings ratio of 58.22, a P/E/G ratio of 1.50 and a beta of 0.70. The stock’s 50-day moving average price is $161.89 and its 200 day moving average price is $150.56.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the company posted $2.03 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that Leidos will post 8.96 earnings per share for the current year.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. This is an increase from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 0.86%. Leidos’s dividend payout ratio is currently 47.65%.

Insiders Place Their Bets

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 owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Ballentine Partners LLC lifted its stake in shares of Leidos by 3.5% in the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after purchasing an additional 62 shares during the period. Key Financial Inc lifted its stake in shares of Leidos by 6.5% in the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock valued at $166,000 after purchasing an additional 70 shares during the period. Asahi Life Asset Management CO. LTD. lifted its stake in shares of Leidos by 3.2% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after purchasing an additional 70 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Leidos by 2.9% in the 1st quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock valued at $350,000 after purchasing an additional 76 shares during the period. Finally, Somerset Trust Co lifted its stake in shares of Leidos by 3.5% in the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after purchasing an additional 83 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.