Leidos (NYSE:LDOS) Price Target Raised to $200.00

Leidos (NYSE:LDOS) had its price objective hoisted by TD Cowen from $175.00 to $200.00 in a report released on Wednesday, Benzinga reports. The firm currently has a buy rating on the aerospace company’s stock.

Other equities analysts also recently issued reports about the company. Citigroup raised their price target on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group raised their price target on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America raised their price target on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Barclays raised their price target on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Leidos presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

Leidos Price Performance

LDOS opened at $182.97 on Wednesday. The stock has a fifty day simple moving average of $163.05 and a two-hundred day simple moving average of $151.19. The company has a current ratio of 1.23, a quick ratio of 1.11 and a debt-to-equity ratio of 0.87. The company has a market cap of $24.41 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.45 and a beta of 0.68. Leidos has a 12-month low of $100.17 and a 12-month high of $188.36.

Leidos (NYSE:LDOS) last posted its quarterly earnings data 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 the consensus estimate of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.03 earnings per share. Research analysts predict that Leidos will post 10.07 earnings per share for the current fiscal year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.87%. This is a boost from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. Leidos’s dividend payout ratio (DPR) is presently 17.31%.

Insider Transactions at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the transaction, the director now owns 6,408 shares of the company’s stock, valued at $1,185,095.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the transaction, the director now owns 6,408 shares of the company’s stock, valued at $1,185,095.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of Leidos

Several institutional investors and hedge funds have recently added to or reduced their stakes in LDOS. Wealth Enhancement Advisory Services LLC raised its stake in Leidos by 9.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,231 shares of the aerospace company’s stock valued at $3,439,000 after purchasing an additional 2,259 shares during the period. Diversified Trust Co bought a new stake in Leidos in the 1st quarter worth approximately $305,000. Allspring Global Investments Holdings LLC increased its stake in Leidos by 3.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 464,406 shares of the aerospace company’s stock worth $60,879,000 after acquiring an additional 16,446 shares during the last quarter. Private Advisor Group LLC increased its stake in Leidos by 3.3% in the 1st quarter. Private Advisor Group LLC now owns 5,195 shares of the aerospace company’s stock worth $681,000 after acquiring an additional 165 shares during the last quarter. Finally, Smith Group Asset Management LLC bought a new stake in Leidos in the 1st quarter worth approximately $13,397,000. Institutional investors own 76.12% of the company’s stock.

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.