Wells Fargo & Company Increases Leidos (NYSE:LDOS) Price Target to $183.00

Leidos (NYSE:LDOS) had its price objective upped by Wells Fargo & Company from $172.00 to $183.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

A number of other equities research analysts have also recently commented on LDOS. Citigroup increased their target price on shares of Leidos from $165.00 to $169.00 and gave the company a buy rating in a research report on Wednesday, July 31st. Stifel Nicolaus raised their target price on shares of Leidos from $160.00 to $165.00 and gave the stock a buy rating in a research note on Monday, June 24th. Royal Bank of Canada boosted their target price on Leidos from $140.00 to $145.00 and gave the stock a sector perform rating in a report on Wednesday, July 31st. Truist Financial increased their price target on Leidos from $165.00 to $175.00 and gave the company a buy rating in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Leidos from $165.00 to $175.00 and gave the stock an overweight rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Leidos presently has an average rating of Moderate Buy and a consensus price target of $164.83.

Leidos Trading Up 0.8 %

LDOS stock opened at $166.39 on Tuesday. Leidos has a 12-month low of $89.22 and a 12-month high of $166.48. The business’s 50-day moving average is $153.40 and its 200 day moving average is $145.24. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. The stock has a market cap of $22.50 billion, a price-to-earnings ratio of 71.72, a PEG ratio of 1.43 and a beta of 0.70.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the company posted $1.80 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts anticipate that Leidos will post 8.95 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Friday, September 13th. Leidos’s payout ratio is 65.52%.

Insider Activity at Leidos

In other Leidos news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total value of $153,798.57. Following the sale, the director now owns 7,455 shares in the company, valued at approximately $1,082,689.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Institutional Trading of Leidos

A number of institutional investors and hedge funds have recently bought and sold shares of LDOS. Boston Partners grew its holdings in shares of Leidos by 5.8% in the first quarter. Boston Partners now owns 3,430,264 shares of the aerospace company’s stock valued at $449,592,000 after purchasing an additional 188,458 shares in the last quarter. Northern Trust Corp increased its stake in Leidos by 0.5% in the 4th quarter. Northern Trust Corp now owns 1,149,948 shares of the aerospace company’s stock valued at $124,470,000 after buying an additional 6,284 shares during the period. Millennium Management LLC raised its position in Leidos by 156.5% in the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock worth $165,356,000 after acquiring an additional 691,575 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Leidos by 39.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 782,161 shares of the aerospace company’s stock worth $114,102,000 after purchasing an additional 222,179 shares during the period. Finally, AQR Capital Management LLC boosted its position in Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after purchasing an additional 303,775 shares in the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

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.