Leidos (NYSE:LDOS) PT Raised to $165.00 at Stifel Nicolaus

Leidos (NYSE:LDOS) had its price target upped by Stifel Nicolaus from $160.00 to $165.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

Other equities analysts also recently issued research reports about the company. Argus upped their target price on Leidos from $120.00 to $145.00 and gave the company a buy rating in a report on Wednesday, March 20th. Jefferies Financial Group upped their target price on Leidos from $130.00 to $135.00 and gave the company a hold rating in a report on Wednesday, April 10th. Bank of America increased their price objective on Leidos from $125.00 to $145.00 and gave the stock a buy rating in a report on Wednesday, March 27th. Truist Financial restated a buy rating and issued a $165.00 price objective (up previously from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Finally, Wells Fargo & Company increased their price objective on Leidos from $137.00 to $147.00 and gave the stock an overweight rating in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Leidos currently has a consensus rating of Moderate Buy and a consensus price target of $146.08.

Leidos Price Performance

LDOS stock opened at $146.39 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.07. Leidos has a one year low of $85.35 and a one year high of $151.32. The firm has a market capitalization of $19.79 billion, a PE ratio of 63.10, a P/E/G ratio of 1.53 and a beta of 0.69. The firm has a 50-day moving average of $142.62 and a two-hundred day moving average of $126.93.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.59. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 EPS. On average, analysts forecast that Leidos will post 8.75 earnings per share for the current year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.04%. Leidos’s payout ratio is currently 65.52%.

Insiders Place Their Bets

In other Leidos news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the sale, the insider now owns 44,149 shares of the company’s stock, valued at $6,651,929.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

Several hedge funds have recently modified their holdings of the business. Hamilton Wealth LLC bought a new stake in shares of Leidos in the first quarter valued at approximately $213,000. Boston Partners boosted its position 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 acquiring an additional 188,458 shares during the period. Cetera Advisors LLC boosted its position in shares of Leidos by 48.7% in the first quarter. Cetera Advisors LLC now owns 13,035 shares of the aerospace company’s stock valued at $1,709,000 after acquiring an additional 4,269 shares during the period. Cetera Investment Advisers boosted its position in shares of Leidos by 2,113.3% in the first quarter. Cetera Investment Advisers now owns 59,537 shares of the aerospace company’s stock valued at $7,805,000 after acquiring an additional 56,847 shares during the period. Finally, Plato Investment Management Ltd bought a new stake in shares of Leidos in the first quarter valued at approximately $803,000. 76.12% of the stock is owned by 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.